Market Wrap: Carlyle's Colorful Grab; Economic Data Weighs; Barclays' New Leader; More Spending!
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U.S. Consumer Spending Jumps 0.4% in July, May Hint at Snap of Shrinking GDP Growth
August 30, 2012 9:40 AM EDTAccording to new data from the U.S. Commerce Department, consumer spending in the U.S. rose 0.4 percent in July, the first increase in three months and up from a flat reading in June.
Expectations called for a 0.5 percent rise for the month.
Personal income rose 0.3 percent, which was in-line with expectations.
Coincidentally, Amazon.com... More
Validus (VR) to Acquire Flagstone Re (FSR) for Cash and Stock
August 30, 2012 8:02 AM EDTValidus Holdings, Ltd. (NYSE: VR) and Flagstone Reinsurance Holdings, S.A. (Flagstone) (NYSE: FSR) today announced that the boards of directors of both Validus and Flagstone have approved a definitive merger agreement pursuant to which Validus will acquire all of the issued and outstanding shares of Flagstone. Under the terms of the agreement,... More
Carlyle Group (CG) to Buy DuPont's (DD) DPC Unit in $4.9B Deal
August 30, 2012 7:49 AM EDTThe Carlyle Group (Nasdaq: CG) and DuPont (NYSE: DD) signed a definitive agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.9 billion in cash. The transaction is expected to close in the first quarter 2013, subject to customary closing conditions and regulatory approvals.
DPC is a global supplier of vehicle and industrial coating systems... More
