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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 EDT

According 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 EDT

Validus 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 EDT

The 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