The Traderszone Network

Stock markets in Asia fall amid uncertainty over Greece’s bailout talks, with Chinese markets leading the decline.
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UnitedHealth approached Aetna about a takeover deal that would likely be valued at more than $40 billion, The Wall Street Journal reports.
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Global equity markets have felt the pinch after talks between Athens and its creditors broke down over the weekend, with Greece only having two weeks before it has to repay 1.6 billion euros ($1.8 billion) to the International Monetary Fund. The two-day Federal Open Market Committee (FOMC) meeting begins later on Tuesday and the focus was on whether the U.S. central bank will offer a hint of an interest rate rise later in the year. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent.

Reuters reported last week that Henkel & Co KGaA AG (HNKG_p.DE) and Coty, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of P&G’s beauty businesses. P&G, the world’s largest household products maker, has been looking to sell several assets it considers non-core as part of its cost-cutting strategy. Coty, which has a market value of $9.39 billion and makes perfume for fashion brands Calvin Klein and Marc Jacobs and owns nail polish brand OPI and Rimmel mascara, has been looking to expand its products portfolio.

JetBlue Airways Corp (JBLU.O) is eyeing a long-range plane from Airbus that could carry its customers to distant places abroad for the first time in its history, potentially growing its network in South America. The largely U.S. domestic carrier sees a potential fit for the long-range version of Airbus Group SE’s (AIR.PA) A321neo aircraft, JetBlue’s Executive Vice President for Commercial and Planning Marty St. George said in an interview Monday. Airbus is pitching the single-aisle A321LR as an alternative to the Boeing Co (BA.N) 757 that was last manufactured a decade ago.

Target Corp’s (TGT.N) sale of its in-store pharmacies to CVS Health Corp (CVS.N) may encourage large supermarket chains with struggling pharmacies to look for professional drug store partners of their own. More than 1,660 Target pharmacies will become CVS units in the $1.9 billion deal, the first time a drugstore chain has expanded its pharmacy business within a third party retail store, pharmacy consultants and analysts said. Drug stores in recent years have focused on opening new stores, an effort which has slowed recently.

WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday awarded no damages to American International Group Inc (AIG.N) shareholders led by former CEO Maurice “Hank” Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. Federal Reserve exceeded its authority in the insurer’s 2008 bailout. While Judge Thomas Wheeler of the Federal Court of Claims in Washington, D.C. sided with Greenberg on a key legal claim, the decision amounts to a pyrrhic victory that could help shield regulators from legal challenges to their responses in future financial crises.

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