Merger Could Take NYSE Out of American Control

A German company is in high-level talks to acquire the New York Stock Exchange, Wall Street's most recognizable institution. According to reports published in both the German and American financial press, Deutsche Borse, a Frankfurt-based stock exchange is seeking to take a 60 percent ownership interest in the NYSE. The merger would create the world's largest financial exchange. News of the deal sent both NYSE and Deutsche Borse stock soaring Thursday. If US and European regulators sign off on the plan, the new parent company would have dual headquarters in Germany and America. The merger is not expected to result...