HONG KONG Asian shares stumbled to near 2-1/2-month lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S.
Specialty finance company Ares Capital Corp (ARCC.O) agreed to buy smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion, aiming to capture a bigger share of lending to mid-sized firms as big banks turn cautious.
Sports Authority, in planning to close all of its stores,is set to launch its going-out-of-business sales this week, according to court documents.
... * Yen holds gains vs dollar and euro as stocks sag. * Dollar index steady, still in reach of 2-month high. * Canadian dollar struggles near 6-week lows as oil slides (Updates prices, adds details and quotes).
Los Angeles County commuters who woke up early Monday morning to ride the new Expo Line extension quickly encountered one of the ugly realities of the Los Angeles public transit system: its proximity to traffic.