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Wall Street Week Ahead: Correction talk gets old as rally sails along

NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.

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Families edging out private equity in consumer deals

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.

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China denounces EU airline carbon law, seeks talks

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.

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Invensys says Emerson talks failed

LONDON | Thu Jun 21, 2012 2:13am EDT

LONDON (Reuters) - British engineer Invensys (ISYS.L) said on Thursday it had held preliminary discussions about a takeover with third parties including Emerson Electric (EMR.N) but that the talks had come to an end with no offer.

Bloomberg had reported on Wednesday that Invensys was considering a sale after Emerson expressed an interest in buying some or all of the firm, sending shares in Invensys up 27 percent.

"The company confirms that, whilst it had previously received a highly preliminary approach from Emerson Electric Co. for the group, these discussions are no longer ongoing," it said. "Furthermore there are no other discussions taking place in relation to an offer for the group."

(Reporting by Kate Holton)
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