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Sullivan & Cromwell Has 'Unusual' CIT Deal Role: Business of Law
Three mergers and acquisitions powerhouses -- Cleary Gottlieb Steen & Hamilton LLP, Wachtell, Lipton, Rosen & Katz and Sullivan & Cromwell LLP -- worked on CIT Group Inc. (CIT:US)'s proposed $3.4 billion acquisition of OneWest Bank parent IMB Holdco ...
CIT Group to buy Pasadena lender OneWest Bank  Los Angeles Times
2 Banks Forged in Crisis, CIT and OneWest, Are Set to Merge, to a Big Payoff  New York Times
San Gabriel Valley Tribune   Related articles »  
Kerry Arrives in Israel in Effort to Broker a Gaza Cease-Fire
TEL AVIV - Secretary of State John Kerry made a surprise visit to Israel on Wednesday, as he pressed his effort to forge a cease-fire to bring a halt to the bitter fighting in the Gaza Strip.
Kerry defies FAA ban, flies into Tel Aviv to push for Gaza cease-fire  Fox News
Kerry Cites Progress in Gaza Cease-Fire Talks  ABC News
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US SEC poised to adopt reforms for money market funds
WASHINGTON: US regulators are expected to adopt rules on Wednesday that force "prime" money market funds used by large institutions to float their share price.
SEC to adopt money fund regulations  Seeking Alpha
SEC to Vote on Controversial Money-Market Fund Overhaul  Wall Street Journal (blog)
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Daimler's Mercedes Widens Margin as Sedans Help Chase BMW
Daimler AG (DAI), the world's third-largest maker of luxury vehicles, said second-quarter profit rose 12 percent as the top-of-the-line Mercedes-Benz S-Class sedan's sales doubled and the company scaled back spending.
UPDATE 2-Daimler second-quarter profit boosted by new models  Reuters
Daimler Second-Quarter Profit Rises  Wall Street Journal
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Bank of England still wary over raising rates
Bank of England officials are wary of raising interest rates despite signs of stability in the UK recovery, meeting notes have shown.
BOE's MPC has no "preset timing" for rate move  MarketWatch
Weak wage growth splits Bank of England rate setters  Telegraph.co.uk
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South Korea, Japan resume 'comfort women' talks
Felicidad Delos Reyes, 85, a former Filipino comfort woman, one of many women who were forced to serve for the Japanese Army as sexual slaves during World War II, joins a protest outside the Japanese embassy in Pasay city, south of Manila, Philippines, ...
S. Korea, Japan set to hold talks on wartime sexual slavery  GlobalPost
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China's second-half rally becomes an annual event
�Sell in May and go away� has long been a popular - if overused - mantra for equity market investors in the western world. But China works to a different calendar, one where the lunar new year often marks the start of a sell-off, while the third quarter presents ...
Hong Kong stocks close at fresh high of the year  MarketWatch
Hong Kong H-share index soars to highest close in 2014  Reuters
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Traveling to China? Weeks of flight disruptions lie ahead
(CNN) -- For the next three weeks at least, flying to and within China is going to be a stressful affair, for even the hardiest of travelers.
Airports in east China face delays due to military exercises  Reuters
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Australian banks cut fixed mortgage rates as RBA seen on hold
... * CBA cuts 5-year fixed home loans to lowest ever. * NAB cuts home loan rates to lowest in 20 years. * Move driven by falling funding costs for banks.
On a fair dinkum comparison, these rates are low  The Age
CBA sparks fixed rate loan war  Brisbane Times
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Comcast 2Q Earnings Top Views on Internet Hookups
Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
Comcast earns $2b billion on strength in cable business  Boston Globe
Comcast Lost 144000 Cable Subscribers Last Quarter. And They're Psyched ...  Slate Magazine (blog)
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