Exclusive: Carlyle near deal to buy J&J diagnostics unit – sources
NEW YORK (Reuters) – Private equity firm Carlyle Group LP is nearing an agreement to acquire Johnson & Johnson’s ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion.
U.S. manufacturing, housing data buoy economic outlook
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy.
U.S. watchdog tells American Express to refund duped clients
WASHINGTON (Reuters) – U.S. regulators fined American Express on Tuesday over deceptive and misleading practices in selling credit card add-on products, and forced it to repay a total of $59.5 million to duped customers.
Broker cuts Target earnings outlook after data theft
(Reuters) – Brokerage Cowen and Co cut its earnings forecast on Target Corp after the massive theft of card data over the holiday season, saying the breach was likely to drive away customers and impact margins as the retailer increases discounts.
Rusal launches legal action against LME warehouse rules
LONDON/MOSCOW (Reuters) – The world’s biggest aluminum producer Rusal has begun legal action aimed at having the London Metal Exchange (LME) overturn planned reforms to its warehousing policy, worried about further falls in the price of its metal.
U.S. mortgage applications fall as refinance hits five-year low: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve’s decision to pare its bond purchase stimulus in January, an indus…
U.S. new home sales fall modestly from five-year peak, prices up
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell modestly in November from a five-year high and prices pushed higher, indicating the housing market is weathering higher mortgage rates.
Financier Hands says Citigroup should face new trial over EMI
NEW YORK (Reuters) – Exactly four years after suing Citigroup Inc for allegedly defrauding him into buying music company EMI Group Ltd , British financier Guy Hands said the bank has no grounds now to deprive him of his day in a U.S. court.
U.S. upgrades probe of Mercedes car rear-light issue
DETROIT (Reuters) – U.S. safety regulators upgraded an investigation into more than 250,000 Mercedes-Benz C-Class cars for possible failure of the rear lights.
Russian firms at risk from U.S. Fed stimulus withdrawal: central bank
MOSCOW (Reuters) – Russian banks and companies may face higher money market rates or a weaker rouble due to the U.S. withdrawal of monetary stimulus, Russia’s central bank warned on Tuesday, highlighting a potential risk to heavily indebted firms.
