Tuesday, May 29, 2007

Is the US Buying Sweden?

In a very economical sense, yes... Nasdaq has made a bid to buy OMX, the Swedish company that owns the Denmark, Norway, Finland, Sweden, Latvia, Lithuania, and Estonia exchange markets. This purchase gives the US a stronghold in the technology sector in the Scandinavian states, which have produced such companies as Nokia, Ericsson, Volvo, AstraZeneca (those cheesy drug commercials), and others.

Be prepared for a more Scandinavian looking Times Square!

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