DEALS

BofA CEO says history will vindicate recent deals

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Bank of America Corp Chief Executive Officer Ken Lewis said on Tuesday that he expected history to show he was right when it came to controversial steps such as buying struggling brokerage Merrill Lynch & Co.
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Private equity muscles back with deals, IPOs

Private equity houses, including U.S. firms Blackstone and KKR, are showing greater flexibility in approaching target assets as they face more pressure to deploy their capital, an M&A banker said.
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China, Russia bolster ties with gas, trade deals

Russia and China bolstered their close but increasingly imbalanced relationship on Tuesday when Russian Prime Minister Vladimir Putin ushered through a tentative gas supply agreement and deals worth $3.5 billion.
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Citi faces FINRA fine over derivatives deals: source

Citigroup Inc is expected to be fined $600,000 by the Financial Industry Regulatory Authority over derivatives transactions that helped foreign clients avoid taxes on dividends, a source familiar with the matter said on Sunday.
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Abbott, J&J strike deals, boost vaccines

The world's two largest diversified healthcare companies struck deals on Monday that will propel them into vaccines, a red-hot area for investors because of the pandemic flu threat and potential high profits for preventing other diseases.
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Global IPOs surge in Q3, led by buyout deals

The global market for initial public offerings rebounded decisively in the third quarter, on the strength of large deals in Asia and a U.S. market that emerged from its doldrums.
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Cadbury CEO says past deals beat Kraft offer: note

Cadbury Chief Executive Todd Stitzer noted that past deals in the industry have been agreed at higher multiples than that implied by the offer from Kraft, according to a Bank of America/Merrill Lynch note obtained by Reuters.
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Latest Hollywood script deals

Walden Media has rubbed the lamp and picked up Gene, a modern take on the classic genie story from writer Randi Mayem Singer.
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Few deals, some Oscar bets at Toronto film festival

This year's Toronto film festival lowers its final curtain this weekend after 10 days of red carpet premieres and industry networking that produced few movie deals but showcased some good bets for Oscars.
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Two US FCC members back exclusive cellphone deals

Exclusive deals between mobile phone makers and carriers got support on Thursday from two Republican members of the U.S. Federal Communications Commission, which is probing if the arrangements harm consumers in rural markets.
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StanChart PE sees more S.Korea deals coming

The private equity arm of Standard Chartered is set to invest in a number of South Korean companies in the next 18 months as it sees good potential for minority stake purchases in the environment industry.
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JBS eyes No. 1 spot with Pilgrim's, Bertin deals

Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that will propel it to the top of the world meat industry with $30 billion in annual revenue.
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Blackstone sees real estate opportunities, deals

Private equity giant Blackstone Group is starting to see attractive opportunities in real estate again, after waiting on the sidelines for deals since 2007, its chief operating officer Tony James said on Tuesday.
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MarkWest Liberty inks gas processing deals

MarkWest Liberty Midstream & Resources LLC said it has agreed with units of Chesapeake Energy Corp and Statoil Hydro ASA to process gas at its new Majorsville processing plant in West Virginia.
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Motorola unveils Google phone, carrier deals

Motorola Inc unveiled on Thursday a new cellphone that uses Google software and features easier access to social networking sites like Facebook and Twitter, but some analysts said it might not be enough to turn around the company's money-losing handset business.
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Toronto film festival promises deals, less glitz

The Toronto International Film Festival will pull back the curtain for its 34th edition this week, as an unofficial kick-off to the Oscars for an industry whose glitz factor has been dulled by the slumping economy.

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