RefBan

Referral Banners

Yashi

Monday, June 9, 2014

Business Today: Dow, S&P 500 close at records on M&A action

Click to View in Browser
06/9/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Dow, S&P 500 close at records on M&A action
NEW YORK (Reuters) - The Dow and S&P 500 ended at record highs on Monday as more deal news increased enthusiasm for stocks, though Wall Street's fear gauge rebounded.
Tyson wins bid for Hillshire in battle of meat titans
(Reuters) - Tyson Foods Inc won the bidding war for Hillshire Brands Co with an all-cash offer that values the maker of Jimmy Dean sausages at $8.55 billion and would be the biggest deal yet for the global meat business.
Exclusive: Icahn - Family Dollar poison pill puts damper on 'friendly dialogue'
(Reuters) - Billionaire shareholder activist Carl Icahn told Reuters on Monday that the Family Dollar Stores Inc poison pill is a "quintessential example" of attorneys "simply earning fees."
Fed's Bullard says macroeconomy much closer to normal
PALM BEACH (Reuters) - The U.S. macroeconomy is much closer to a normal state than it has been in five years, a Federal Reserve official said on Monday, adding that weak labor markets and low inflation are what is keeping accommodative monetary policy in place.
GM faulty-switch cases sent to New York court
NEW YORK (Reuters) - A federal judicial panel ruled on Monday that lawsuits against General Motors Co from customers who say they suffered economic damages from a recall over faulty ignition switches will be heard in New York.
Trading scandals, legal fines may ramp up U.S. banks' capital needs
NEW YORK (Reuters) - Large U.S. banks are finding the billions of dollars they paid in recent years to settle lawsuits and fix broken businesses are coming back to haunt them in another place: their capital requirements.
Morgan Stanley sells TransMontaigne to NGL as physical oil role shrinks
(Reuters) - Morgan Stanley MS.N is selling its controlling stake in oil storage and transport company TransMontaigne Inc TMG.UL to NGL Energy Partners LP NGL.N for $200 million, essentially ending its long run as the biggest physical oil trader on Wall Street.
Detroit automakers commit $26 million to aid bankrupt city's retirees
(Reuters) - Detroit's three automakers said on Monday they had committed $26 million toward $100 million pledged by the city's art museum to save its collection from being tapped to raise cash for Detroit's historic bankruptcy.
Family Dollar adopts poison pill after Icahn sparks sales talk
(Reuters) - Family Dollar Stores Inc adopted a poison pill to buy time to consider any possible deal that activist investor Carl Icahn could push for after becoming its largest shareholder.
McClendon's firm to buy $4.25 billion of U.S. shale assets
(Reuters) - Aubrey McClendon's firm American Energy Partners LLP on Monday said it plans to buy shale oil and gas assets for $4.25 billion, the former Chesapeake Energy Corp CEO's biggest deal package yet in an aggressive bid to build a new company.
Related Video
Counting down to Scotland's vote
Run up has not ended for Apple stock -BMO's Keith Bachman
Economic News
Fed's Bullard says macroeconomy much closer to normal
Japan's economy picks up speed on unexpected surge in capex
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Counterparties
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Money
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments:

Yashi

Chitika