According to Reuters, the IPO for Blackstone priced at the high end of its range, raising $4.13 billion.
Reuters writes that GE (GE) and Pearson (PSO) have dropped their potential bid for Dow Jones (DJ).
Reuters reports that Pfizer (PFE) got permission to market its drug Lyrica for treating fibromyalgia.
The Wall Street Journal reports that BP (BP) is near a deal to turn over its ownership in a $20 billion Russian natural-gas project to state-controlled Gazprom.
The Wall Street Journal writes that ADM (ADM) is going to enter Brazil’s sugarcane-ethanol market, backing a rival to corn-based ethanol made by most U.S. companies.
The Wall Street Jounal also writes the NYSE Euronext (NYX) is making a bid for the Italian stock exchange which will compete with one from the London exchange.
The Wall Street Journal also reports that investor Nelson Peltz has taken a 3% piece of Kraft (KFT) and want the company to sell certain assets.
The New York Times reports that Ebay (EBAY) will re-enter the Chinese markter this summer.
FT reports that Bear Stearns (BSC) will call of its IPO of Everquest, a company associated with two hedge funds that have collapsed.
Barron’s reports that Jabil Circuit (JBL) reported earnings in line with estimates.
Douglas A. McIntyre
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