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NYSE Rejects Nasdaq Bid, Gas Prices Rise

RENEE MONTAGNE, Host:

The battle of the Bourses is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

MONTAGNE: NASDAQ hit back last night with a statement saying its offer is superior. If NASDAQ decides to pursue its plan, it could start a hostile bidding war and appeal directly to the shareholders of the New York Stock Exchange.

STEVE INSKEEP, Host:

Economists are concerned about higher gas prices cutting into consumer spending and affecting the broader economy. Transcript provided by NPR, Copyright NPR.