Originally published on Thu December 20, 2012 2:34 pm
The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.
In matching press releases, they say the sale "combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates."
Originally published on Thu December 20, 2012 12:26 pm
A winter storm that has brought blizzard conditions to parts of the Upper Midwest from Iowa into Minnesota and Wisconsin has authorities urging folks to stay off the roads and airlines warning of flight delays at Chicago's O'Hare and other airports in the region.
Are we headed over that "cliff" of automatic spending cuts, tax increases and expiring job benefits? Or are President Obama and House Speaker John Boehner, R-Ohio, closer to a deal than they're letting on in public?
Sam Bowie of the Portland Trail Blazers shoots over Kareem Abdul-Jabbar of the Los Angeles Lakers during a game circa 1984-1988 at the Great Western Forum in Inglewood, Calif. Bowie's NBA career is the subject of a new ESPN documentary airing Thursday.
Credit Marty Lederhandler / AP
NBA commissioner David Stern is flanked by Akeem Olajuwon (right), the No. 1 pick overall by the Houston Rockets, and Sam Bowie, the No. 2 pick overall by the Portland Trail Blazers, at the NBA Draft in New York on June 19, 1984.
In 1984, the Portland Trail Blazers chose Sam Bowie, a 7-foot-1 center from the University of Kentucky, with the second pick in the college draft. The Chicago Bulls then took Michael Jordan.
The words "Bowie over Jordan" are part of pro basketball lore, and are still a source of pain for many fans of the NBA's Portland Trail Blazers. Bowie's tenure in Portland was marred by leg injuries; Jordan became a legend. ESPN recounts it all in a documentary about Bowie on Thursday night.