U.S. officials consider giving CIT Group Inc a temporary loan as part of an aid package to help the lender avoid collapse; U.S. asset manager Franklin Resources Inc (BEN.N) drops out of a consortium negotiating to buy American International Group Inc’s (AIG.N) asset management unit; and The New York Times Co agrees to sell its New York City classical music radio station for $45 million, to help pay off debt. For these stories and all the other latest deals news from Reuters, click here.
And here’s what’s in the newspapers and online (some links may require subscriptions):
* Belgium’s Solvay (SOLB.BR) has narrowed the list of bidders for its pharmaceuticals business to Swiss company Nycomed and Abbott Laboratories (ABT.N) of the United States, FT.com reported on its website.
* The board of Australian conglomerate CSR Ltd (CSR.AX) still favours a stock market float of its $955 million-valued sugar business, though four overseas trading houses are eyeing bids if a trade sale goes ahead, Australia’s Age paper reported.
* Two companies controlled by Macau Chief Executive Edmund Ho have sold a combined 1.25 percent stake in financially troubled Air Macau to a unit of China flagship carrier Air China (601111.SS), the South China Morning Post reported, citing sources.