Michael Dell and Silver Lake are close to an agreement with Dell Inc. over a sweetened bid of $13.75 a share in exchange for a modification of voting rules and a special dividend, a person familiar with the matter said. To read more, click here.
WHAT TO WATCH: The Bank of Japan releases data for monetary base, which is targeted by the central bank to reach 200 trillion yen at the end of 2013, 7:50 a.m. Indonesia’s economy probably grew 5.9 percent in the second quarter, in line with the five-year trend (see page 4), 10 a.m. Australia’s Treasurer Chris Bowen releases [...]
PVE Capital LLP is preparing to launch a hedge fund focused on collateralized debt obligaions in response to demand from U.S. investors seeking exposure to European credit, according to chief investment officer Gennaro Pucci. To read more, click here.
WHAT TO WATCH: U.S. nonfarm payrolls probably rose by 185,000 workers in July afer a 195,000 gain in June, according to forecasts, 8:30 a.m. U.S. jobless rate may fall to 7.5 percent in July, matching a four-year low, according to forecasts, 8:30 a.m. Federal Reserve Bank of St. Louis President James Bullard will speak at the 2013 [...]
NEWS: Silvio Berlusconi lost his final appeal against a tax-fraud conviction. U.K. growth forecasts for this year and next were rasied by Niesr. Australia’s government cut its growth estimate for this fiscal year to 2.5 percent from 2.75 percent seen on May 14 and said the 2015-16 budged will no longer be in balance. To read more, [...]
Bill Schuette left Washington after losing his House seat in a failed bid for the U.S. Senate in 1990. He returned to his native Michigan, seeking lesser political jobs to rebuild his career. To read more, click here.
The municipal market’s biggest July decline in a decade is leading investors such as Vanguard Group Inc. to bet history is on their side as they buy with yields close to a two-year high. To read more, click here.
WHAT TO WATCH: Euro-area manufacturing expanded at a faster pace than initially estimated in July. President Barack Obama added Donald Kohn to the list of candidates for next chairman of the Federal Reserve. China’s government pledged to prevent growth from slipping below a “reasonable” level. U.K. manufacturing growth accelerated more than forecast in July as domstic [...]
NEWS: The Fed warned of persistently low inflation and pledged to keep buying $85 billion in bonds a month. China’s manufacturing PMIs gave a mixed picture. Europe’s leaders should brce for four more years of unbendig German policies, a senior lawmaker said. To read more, click here.
Mergers Deal Roster: Health Management Takeover Is Bank of America’s Second Big Hospital Deal in Two Months
For the second consecutive month, Bank of America Corp. helped a U.S. hospital chain with a multi-billion-dollar acquisition. To read more, click here.