SINGAPORE - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
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.
Express Scripts, Medco respond to FTC on deal
(Reuters) - Pharmacy benefit managers Express Scripts Inc (ESRX.O) and Medco Health Solutions Inc MHS.N have supplied more information requested by U.S. antitrust regulators in connection with their pending $29 billion merger, Medco said on Monday.
The companies complied with a so-called "second request" for information from the Federal Trade Commission, Medco said in a securities filing. Such a second request for information is frequently made when potential competitive issues exist on a deal.
Express Scripts is seeking to acquire rival Medco to become easily the biggest U.S. company in managing prescription benefits, but the deal has drawn significant antitrust scrutiny. The companies still expect the deal will be completed in the first half of the year, Medco said.
(Reporting By Lewis Krauskopf; Editing by Gerald E. McCormick)
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