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FTSE gains as Hilton deal boosts hotels; BoE eyed

Britain's leading share index had edged higher by midday on Wednesday, led by hotel groups after Blackstone agreed to buy Hilton, but overall activity was thin as U.S. markets are closed for a holiday and investors await an interest rate decision on Thursday.

Huntsman gets $6 bln approach from Apollo

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U.S. private equity firm Apollo Management unveiled a $6 billion bid proposal for Huntsman Corp on Wednesday, 8 percent higher than a deal accepted by the U.S. chemical company last week.
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Buyout firm KKR files for $1.25 bln IPO

KKR & Co. LP, the prominent U.S. buyout firm that pioneered the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion in an initial public offering.
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Iraq takes step closer to landmark oil law

Iraq's cabinet approved changes to a draft hydrocarbon law on Tuesday and sent it to parliament for immediate debate, taking a big step towards meeting a key political target set by the United States.
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U.S. does not oppose release of fuel oil to N.Korea

The United States does not oppose releasing some of the 50,000 metric tons of heavy fuel oil due to North Korea under a nuclear disarmament deal before its Yongbyon reactor shuts down, a U.S. official said on Tuesday.
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Danone in talks on $7.2 bln biscuit sale to Kraft

French food group Danone is in exclusive talks to sell its biscuit and cereal snack unit for 5.3 billion euros ($7.2 billion) in cash to Kraft Foods Inc., the world's biggest cookie maker, they said on Tuesday.
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Gold creeps up, Tokyo up 1 pct, subdued trade seen

Gold inched up on Tuesday after climbing more than 1 percent the previous day on a weaker dollar and security concerns, while Tokyo futures tracked dollar-based gold's rise to end up about 1 percent.
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Oil off 10-mth high, upward march seen resuming

Oil was steady above $72 on Tuesday after hitting a 10-month high the previous session, and analysts predicted increasing crude oil demand from U.S. refiners and technical factors would soon push prices higher.
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RBS group says doesn't know many of key ABN facts

Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and its partners seeking to buy Dutch rival ABN AMRO for 71 billion euros ($96.6 billion) do not know many of the key facts relating to their target, documents showed on Tuesday.
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Japanese WW2 massacre film premieres in Beijing

'Nanking,' a U.S.-made film documenting eyewitness accounts of atrocities committed by Japanese troops in China during World War Two, opened in Beijing on Tuesday, as the two countries struggle to mend strained ties.
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Pickups, SUVs, vans fall short in rear-crash tests

Sport utilities showed modest improvement in rear-crash protection according to a U.S. insurance industry analysis released on Tuesday, but more than half the 87 light trucks tested fell short of optimum safety and pickups fared the worst.
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Global stocks, bonds rise while dollar, oil down

Stocks traded higher on Monday, supported by takeover news and data showing manufacturing growth accelerated last month, while bond prices gained in a flight-to-safety bid as police investigated attempted car bomb attacks in Britain.
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Dollar hits 26-yr low vs pound, falls vs euro

The dollar tumbled to a 26-year low against sterling and declined across the board on Monday on continuing expectations that U.S. interest rates will remain steady while borrowing costs rise overseas.
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Oil climbs above $72 to 10-month high

Oil prices rose to 10-month highs above $72 on Monday on expectations that recovering refinery operations in the United States and ongoing supply restrictions will cut into global oil inventories.
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Gold jumps on dollar slump, security worries

Security concerns and a sharp drop in the dollar helped gold hit its highest level in nearly two weeks on Monday, but investors were expected to trade cautiously ahead of the U.S. Independence Day holiday.
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Maytag, Kmart get icon makeover

Breathing new life into an old marketing symbol has often helped weakened companies boost sales -- a trend that appliance maker Maytag and retailer Kmart are hoping can happen again.
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Video games rob reading, homework time: U.S. study

Boys who play video games on school days spend 30 percent less time reading and girls spend 34 percent less time doing homework than those who do not play such games, U.S. researchers said on Monday.
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Bomb worries boost bonds

U.S. government bonds rose on Monday, sending yields to three-week lows as investors shrugged off robust factory data and instead sought a safe haven after recent attempted car bombings in the UK and an attack in Yemen.
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Virgin Media says receives bid approach

British cable operator Virgin Media said on Monday it had received a bid approach from an unnamed group, which sources familiar with the situation told Reuters was U.S. private equity firm Carlyle Group.

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