Business news for Mon, 24 Dec 2007 & with words exchange+plan. 4 news.

APPLIANCE maker Sichuan Changhong Electrical Co yesterday bid for a 29.92-percent stake in Huayi Compressor Co to expand its business. The TV company said in a statement to the Shanghai Stock Exchange yesterday that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, was suspended from trading in the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan (US$129 million) based on its closing share price of 10.42 yuan per share on December 13. Changhong wasn't traded yesterday, and its closing price on Friday was 8.45 yuan. Share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year totaled 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market.

(AP) -- CME Group Inc.'s stock slipped Monday after a group of banks and trading firms said they plan to launch their own futures exchange to try to garner cheaper commissions. Late Friday, 12 financial institutions including Merrill Lynch & Co., Citigroup Inc., and Bank of America Corp. ...

APPLIANCE maker Sichuan Changhong Electrical Co today bid for a 29.92 percent stake in Huayi Compressor Co. China's second-biggest TV maker said in a statement to the Shanghai Stock Exchange today that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, has been suspended from trading on the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan based on its closing share price of 10.42 yuan a share on December 13. Changhong wasn't traded yesterday and its closing price on Friday was 8.45 yuan. The share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year was 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market and investment income. The

The London Stock Exchange has privately outlined a series of measures to a group of its largest customers that are aimed at helping them cut the expense of trading shares without attacking the exchange's own tariff structure