Euronext investors overwhelmingly back NYSE merger
Euronext shareholders on Tuesday (ENXT. PA) approved overwhelmingly a $14-billion plan to merge the multinational European exchange operator with the New York Stock Exchange and form the first transatlantic bourse. Around 98. 2 percent of shareholders present or represented at the meeting backed the merger, a margin that surprised even Euronext Chief Executive Jean-Francois Theodore after several shareholders voiced opposition to the deal in recent weeks.
Toyota 'to overtake GM in 2007'
2006.12.26|
Demand is strong for Toyota cars |
Toyota said it expected to raise global car production by 4% to 9.42 million vehicles next year.
GM plans to build 9.181 million vehicles this year. However, analysts do not expect the firm to increase production significantly in 2007.
GM has plans to cut 30,000 jobs and close several factories by 2008.
Toyota, meanwhile, has announced plans to build six more factories around the world by the end of the decade.
The company has been riding on the success of its pioneering eco-friendly cars and strong demand for models such as the Camry sedan.
Toyota overtook smaller US rival Ford to become the world's second-biggest carmaker in 2003.
Within the US, Ford remains the number two producer after GM - but is now reported to be expecting that Toyota will supplant it there, too, in early 2007.
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