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Monday, November 24, 2014

Business Today: Stock futures point to higher open on merger activity

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Stock futures point to higher open on merger activity
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Monday, indicating that major indexes would move further into record territory on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action.
Exclusive: China ready to cut rates again on fears of deflation - sources
BEIJING (Reuters) - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.
Some fund managers see oil falling to $60 without OPEC cut
LONDON (Reuters) - Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.
Visteon eyes $3.6 billion sale of South Korean unit: reports
SEOUL (Reuters) - U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said.
RenaissanceRe to buy Platinum Underwriters for $1.9 billion
(Reuters) - RenaissanceRe Holdings Ltd said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its U.S. business.
United Technologies CEO Chenevert steps down
(Reuters) - United Technologies Corp said Chief Executive Louis Chenevert would retire immediately and named Chief Financial Officer Gregory Hayes as his successor.
Tesla says in talks with BMW over car batteries, parts
FRANKFURT (Reuters) - U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.
Carlyle seeking $5 billion for fund with longer life: Bloomberg
(Reuters) - Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.
BioMarin to buy Prosensa in $840 million deal
(Reuters) - BioMarin Pharmaceuticals Inc said it would buy Dutch drug developer Prosensa Holding NV for about $840 million including milestone payments, aiming to add to its portfolio of drugs to treat rare diseases.
China corruption watchdog launches inspections, eyes Sinopec
BEIJING (Reuters) - China's corruption watchdog has launched a series of inspections into state-owned enterprises and government bodies including China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner, state media said on Monday.
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