Apartment property trust MAA to buy Colonial Properties for $2.17 billion
(Reuters) – Real estate investment trust Mid America Apartment Communities Inc said it would buy rival Colonial Properties Trust for about $2.17 billion to expand in the apartment rental market in southern United States.
Rio draws up shortlist for Canada iron ore sale: sources
SYDNEY/LONDON (Reuters) – Mining group Rio Tinto Plc has drawn up a shortlist of half a dozen suitors for its majority stake in Canada’s largest iron ore producer, sources with knowledge of the situation said on Monday.
U.S., Chinese manufacturing shrink, stoking growth fears
NEW YORK/LONDON (Reuters) – Manufacturers in the United States, China and Europe struggled last month as demand fell, suggesting an ailing world economy that still needs a steady diet of central bank support.
GM says May auto sales 15.4 million to 15.5 million on annual basis
DETROIT (Reuters) – General Motors Co said industrywide U.S. May auto sales were between 15.4 million and 15.5 million on a seasonally adjusted annualized rate.
NYSE shareholders approve $8.2 billion takeover by ICE
NEW YORK (Reuters) – NYSE Euronext said on Monday its shareholders approved the exchange operator’s $8.2 billion takeover by IntercontinentalExchange Inc.
Walmart offers fresh produce guarantee to shoppers
(Reuters) – Wal-Mart Stores Inc said on Monday it is offering a money-back guarantee on the fruits and vegetables it sells at its Walmart U.S. stores as it tries to gain more ground in the grocery business.
Construction spending up slightly, supported by businesses
WASHINGTON (Reuters) – Business spending pushed U.S. construction outlays slightly higher in April, offsetting declines in projects at private homes and in the public sector.
Toyota U.S. May sales up 2.5 percent
DETROIT (Reuters) – Toyota Motor Corp U.S. May auto sales rose 2.5 percent to 207,952 vehicles, the company said on Monday.
Manufacturing sector contracts in May: ISM
NEW YORK (Reuters) – Manufacturing activity contracted in May for the first time in six months as new orders slipped and there was less demand for exports, an industry report showed on Monday.
Hungry for income? Choice narrows but equities to keep an edge
LONDON (Reuters) – The unusual premium European equity dividends offer investors over quality corporate bond yields may have peaked as debt markets turn volatile and pressure grows on firms to use their cash.
