New York Fed accepts $26.650 billion through its Term Securities Lending Facility
Japanese drug maker Shionogi plans to buy U.S. pharmaceutical company Sciele Pharma for $1.4 billion in a bid to expand its operations in the American market.
Vivendi reported a 12% rise in net profit, as strong growth at Canal Plus and Vivendi Games more than offset shrinking profits at Universal Music.
European markets fell in morning trading, on a decline in bank shares and oil-related stocks.
The U.K. Treasury chief offered a gloomy economic assessment, saying the U.K. could be facing the worst economic conditions in 60 years.
Oil prices gain more than $1 after energy firms shut down almost all oil and gas production in the Gulf of Mexico.
Germany’s Commerzbank agrees to buy Dresdner Bank from insurer Allianz in a deal worth 9.8bn euros.
Commerzbank agreed to acquire Dresdner Bank in a $14.4 billion deal that will combine Germany’s No. 2 and No. 3 banks by assets, creating a bulkier rival to compete with Deutsche Bank.