The New York Times reports that the New York Stock Exchange is in "talks on a merger with the operator of the Frankfurt Stock Exchange." The exchange faces pressure from electronic upstarts that are taking business from it, reports the Times. The paper says a deal would create the world's largest financial market. The Times reports that the merger ... is an example of technology and globalization changing the world marketplace.
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Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.