TOKYO (Reuters) – Asian shares fell on Thursday after a surprise drop in manufacturing in the U.S. heartland cast doubts on the strength of a global recovery, while the dollar was on the back foot against higher-yielding currencies.
NEW YORK (Reuters) – Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company’s acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
NEW YORK (Reuters) – Comcast Corp, the largest U.S. cable service provider, denied a Web report on Wednesday that it had struck a deal to buy media conglomerate NBC Universal for $35 billion.
NEW YORK (Reuters) – Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank’s plans to shed non-core assets.
DETROIT (Reuters) – General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.
BANGALORE, Oct 1 (Reuters) – The following corporate
finance-related stories were reported by media on Thursday:
NEW YORK, Oct 1 (Reuters) – Private equity firm Kohlberg
Kravis Roberts & Co [KKR.UL] closed a long-awaited deal on
Thursday to buy its Amsterdam-quoted fund, becoming a Euronext-
listed company and completing the first step towards an
expected move to the New York Stock Exchange.
* Sale is part of Citi’s actions to shed non-core assets
(Updates with financial details)
