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The Frankfurt stock exchange Deutsche Boerse on Tuesday said its shareholders had backed a planned merger with the London Stock Exchange (LSE) to create a new global player. Earlier this month Deutsche Boerse lowered the threshold for shareholder support needed for the tie-up to 60 percent from 75 percent, removing a potential spanner in the works for the deal following Britain's vote to leave the European Union. The 60-percent level was breached several hours before the midnight deadline, Deutsche Boerse said in a statement.
A federal judge in California granted preliminary approval on Tuesday to a $14.7 billion settlement over Volkswagen's emissions cheating scandal. At the close of a hearing in San Francisco, US District Judge Charles Breyer praised the "enormous effort" made by both sides. "There's been an enormous effort to achieve a series of goals," said Breyer.
NEW YORK (AP) — James M. Nederlander, who took over the fledgling Nederlander Organization from his father and built it into one of the largest producers of live entertainment and a dominant national theater chain that includes nine Broadway houses, has died. He was 94.