Business Today: Index futures edge higher after M&A flurry

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Good Morning Aron, MON 27 Sep 2010    Index futures edge higher after M&A flurry AIG, U.S. move closer to deal on bailout exit: sources Wal-Mart offers $4 billion for South Africa's Massmart Southwest to buy AirTran for $1.04 billion Unilever aims for big hair day with Alberto buy China: U.S. move on yuan bill "redundant" AIA kicks off premarketing of mega IPO Sanofi says holds offer for Genzyme at $69/share JPMorgan in talks for RBS Sempra trading book: report Global stock underwriting down 9 percent so far this year Asia shares firm, yen caps Nikkei Resource row divides Japan, China Obama: GOP plans "disastrous" Index futures edge higher after M&A flurry September 27, 2010 08:15 AM ET NEW YORK (Reuters) - U.S. stock index futures edged higher on Monday following four weeks of gains for Wall Street as investors eyed a flurry of merger-and-acquisition deals, a sign that companies are seeing value in the market. Full Article AIG, U.S. move closer to deal on bailout exit: sources September 27, 2010 07:55 AM ET NEW YORK (Reuters) - American International Group Inc and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the bailed-out insurer, sources familiar with the situation said on Sunday. Full Article Wal-Mart offers $4 billion for South Africa's Massmart September 27, 2010 06:11 AM ET JOHANNESBURG/LONDON (Reuters) - Wal-Mart is in talks to buy South Africa's Massmart , a $4 billion deal that would give the U.S. retailer a big presence in fast-growing Africa and bolster its emerging markets strategy. Full Article Southwest to buy AirTran for $1.04 billion September 27, 2010 08:09 AM ET Bangalore (Reuters) - Southwest Airlines said it would acquire AirTran Holdings Inc for about $1.04 billion in cash and stock to beef up its regional and low-fare services. Full Article Unilever aims for big hair day with Alberto buy September 27, 2010 06:36 AM ET LONDON (Reuters) - Consumer goods group Unilever Plc/NV will buy U.S. hair and skin care company Alberto Culver for $3.7 billion in the latest move to rebalance its portfolio toward higher growth lines. Full Article China: U.S. move on yuan bill "redundant" September 27, 2010 08:07 AM ET TAIPEI (Reuters) - A U.S. congressional panel's approval of a bill on China's currency is "redundant," China's vice commerce minister said on Monday, the latest salvo from China in the face of U.S. pressure on its currency policy. Full Article AIA kicks off premarketing of mega IPO September 27, 2010 05:52 AM ET HONG KONG (Reuters) - American International Group Inc will hold at least a 30 percent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA's listing next month, the IPO term sheet showed. Full Article Sanofi says holds offer for Genzyme at $69/share September 27, 2010 03:43 AM ET PARIS (Reuters) - Sanofi-Aventis has not changed its offer of $69 per share for drugmaker Genzyme, a Sanofi spokesman said Monday, declining to comment on a report that the drugmaker had lined up more financing for its bid. Full Article JPMorgan in talks for RBS Sempra trading book: report September 26, 2010 09:26 PM ET LONDON (Reuters) JPMorgan Chase is the frontrunner to buy the remaining infrastructure of RBS Sempra Commodities , the Financial Times said on Monday, citing people familiar with the deal. Full Article Global stock underwriting down 9 percent so far this year September 26, 2010 10:55 PM ET NEW YORK (Reuters) - Global stock underwriting proceeds have slipped nine percent so far this year as investors prove less willing to take risks amid an uncertain economic recovery. Full Article

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