| Rimadyl For Dogs

Tuesday, June 16, 2009

Deals du Jour
British bank Barclays said it would sell its BGI investment arm to U.S. firm BlackRock for $13.5 billion, creating the world’s biggest asset manager. For today’s headlines, click here. And in the media: * Malaysian gaming group Genting is in partnership talks with U.S. casino operator MGM Mirage, the Wall Street Journal reported. * British boiler maker Baxi is [...]

British bank Barclays said it would sell its BGI investment arm to U.S. firm BlackRock for $13.5 billion, creating the world’s biggest asset manager. For today’s headlines, click here.

And in the media:

* Malaysian gaming group Genting is in partnership talks with U.S. casino operator MGM Mirage, the Wall Street Journal reported.

* British boiler maker Baxi is close to agreeing a 1.7 billion euros ($2.4 billion) merger with smaller Dutch rival De Dietrich Remeha Group, the Financial Times reported.

* China will resume initial public offerings on its stock exchanges before launching a Nasdaq-style second board for start-up companies, official media reported, citing a senior securities regulator.

* Diversified U.S. manufacturer Honeywell International Inc was looking out for takeovers but thought deals were too expensive as valuations did still not reflect the true nature of the market, its chief executive told the Financial Times.

* U.S. Federal Reserve officials are not likely to considerably increase purchases of U.S. Treasuries and mortgage-backed securities when they meet in late June, the Wall Street Journal reported.

* Big banks will start repaying government bailout funds on Wednesday, the Wall Street Journal reported, citing people familiar with the matter.

* China may impose trade sanctions against BHP Billiton and Rio Tinto if the two miners merge their Australian iron ore operations without the approval of Chinese competition agencies, the Sydney Morning Herald newspaper said.

* Credit Agricole wants to agree on a new pact with Italian insurer Assicurazioni Generali over their combined stake in Italian bank Intesa Sanpaolo by end-June, its chief executive was quoted as saying by business daily Il Sole 24 Ore.