The parent companies of the two exchanges announced the merger agreement Tuesday. The NYSE won't change its name, but if the deal is approved, the Wall Street icon will become part of a giant new company that will own exchanges in New York and several European cities. Tuesday's move is part of a wave of financial exchange mergers, driven in part by competition from alternative, computerized exchanges.
The Obama administration is proposing the gradual phasing out of federal mortgage giants, Fannie Mae and Freddie Mac. More than 90 percent of loans in the mortgage market currently flow through the two corporations. The proposals were detailed in a white paper released last week and coincided with a new study showing huge racial disparities in mortgage lending since 2004.
Right now, Arab regimes resemble the old children's toy Weebles. Many are wobbling, but it's hard to predict that any are going to fall down.
Already, Friday's ouster of Egyptian President Hosni Mubarak has had substantial reverberations throughout the region, triggering new rounds of protest from Algeria to Iran. And the Muslim world had been on uncertain new ground following last month's decision by Tunisian President Zine El Abidine Ben Ali to flee his country.
The scientific evidence alone is not enough to prove that microbiologist Bruce Ivins was the perpetrator of the anthrax attacks that killed five people in 2001, according to an independent review panel.
The panel of scientists was convened by the National Research Council of the National Academies to review the science that the FBI used in its investigation into the attacks.
Protesters and security forces clashed in the streets of Bahrain and Yemen on Tuesday in the latest anti-government unrest to sweep through parts of the Middle East on the heels of a people's revolt in Egypt.