Summary Box: Volatility lifts NYSE profit 56 pct

AP News
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Posted: Nov 03, 2011 1:15 PM
Summary Box: Volatility lifts NYSE profit 56 pct

PROFIT JUMPS: The summer's heavy trading helped lift NYSE Euronext quarterly profit by 56 percent. Adjusted profit rose to 71 cents per share, on revenue of $1.26 billion.

BUYOUT IN QUESTION: NYSE Euronext intends to sell itself to Germany's Deutsche Bourse in a $10 billion all-stock deal, but European regulators have expressed concern. A decision is expected by late December.

BUYBACKS PLANNED: Both NYSE Euronext and Deutsche Boerse are planning to repurchase their own shares ahead of the planned merger. NYSE said it will buy back up to $100 million in stock.