Upstart to Buy NYSE

    NEW YORK, NY - NOVEMBER 28:  Traders work on the floor of the New York Stock Exchange on November 28, 2012 in New York City. As investors welcomed perceived progress on the fiscal cliff negotiations, The Dow Jones industrial average gained almost 107 points, or 0.8%. Wednesday.  (Photo by Spencer Platt/Getty Images)

    Spencer Platt / Getty Images

    The end of American capitalism? Probably not. In a monumental move that would mark the end of 200 years of independence for the New York Stock Exchange, upstart IntercontinentalExchange (ICE) agreed to acquire NYSE Euronext for $8 billion. ICE would reportedly buy the NYSE and then sell its stock-exchange businesses in France, Belgium, the Netherlands, and Portugal. ICE, only 12-years-old, focuses on energy futures trading—something that the NYSE does not. This lack of an overlap is likely to raise regulatory questions.

    Read it at Bloomberg News