TOKYO (Reuters) – Asian stock markets struggled to gain ground on Wednesday as economic data showed the process of turnaround to recovery was likely to be a slow grind, and the dollar capitalized on that more cautious sentiment.
(Reuters) – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter.
NEW YORK (Reuters) – A monthly gauge of online labor demand in the United States fell a touch in June and its decline slowed on a year-over-year basis, suggesting stabilization in the jobs market, a private research group said on Wednesday.
NEW YORK (Reuters) – General Motors Corp’s chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM’s main assets to government-backed “New GM” must win court approval in order for the automaker to survive.
WASHINGTON (Reuters) – A U.S. patent research group says it has uncovered evidence that could be used to declare AstraZeneca Plc’s patent for its cholesterol fighter Crestor invalid.
SAN FRANCISCO (Reuters) – Top Federal Reserve officials said on Tuesday the central bank should not rush to raise interest rates or remove other accommodative policies as soon as the U.S. economy climbs out of recession.
July 1 (Reuters) – The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 0500 GMT on Wednesday.
July 1 (Reuters) – Bank of America Corp’s primary
investment management unit is drawing lower than expected bids
after its likeliest suitor, BlackRock Inc , inked a
blockbuster deal to buy Barclays Global Investor , the
Financial Times reported, citing people close to the matter.
MUMBAI, July 1 (Reuters) – India’s United Spirits
, the world’s third largest spirits maker, has
received term sheets from private equity firms Blackstone
, KKR and Capital International interested in buying a
stake worth $250-300 million in the company, the Economic Times
said on Wednesday.
