WASHINGTON - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Blackstone, Apollo in talks to buy Chemtura: report
PHILADELPHIA (Reuters) - Blackstone Group (BX.N) and Apollo Management are in talks to buy chemicals company Chemtura Corp (CEM.N), the Wall Street Journal reported on Monday.
The negotiations could fall apart since the parties are still arranging financing and discussing the price tag on the deal, it said.
Chemtura, which has a market capitalization of about $1.9 billion, said in December it was pursuing strategic alternatives.
Apollo, Blackstone and Chemtura could not be immediately reached for comment.
(Reporting by Jessica Hall; Editing by Alan Raybould)
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