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In areas such as currencies, which are almost entirely traded electronically, this consolidation has already largely taken place: JPMorgan, Goldman Sachs and Deutsche Bank already have big market shares.
This consolidation has carried the shares into support at their ascending 10-week moving average.
This consolidation has been strongly rumored since SoftBank, an early investor in Grab, backed Uber via an investment in January.
"This consolidation has to come because there is just too much value for the user," Akeroyd said.
This consolidation has been strongly rumored since SoftBank, an early investor in Grab, backed Uber via an investment in January.
Many exhibitors lament that this consolidation has shut out small-town theaters from opening films on their first week as studios have instituted minimum playtime requirements on their top titles.
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All this consolidation had little effect on profit margins as customers became savvier at playing the rental car companies against one another for better deals.
Business is increasingly going to a handful of emerging industry giants, such as the publicly owned NCO Group which, after scooping up more than 20 smaller rivals, now employs 22,000.With this consolidation have come two other big changes.
However, this sideways consolidation has carried the stock into its declining 20-week trendline, which MER has closed only one week above since June.
This wave of consolidation has revived interest in antitrust regulations in liberal wonk circles, urged on by former business journalist Barry C. Lynn, director of the New America Foundation's Open Markets program.
"This sort of consolidation has been going on for some time, and the companies that are emerging from this are probably healthier". The merger leaves only Lockheed Martin Corp., which is designing and building the successor to the space shuttle, as serious competition for NASA dollars.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com