DealZone

Deals du jour

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.

Deals du jour

In China, two regulators are facing off over GM’s controversial plan to sell its Hummer unit to a little-known Chinese outfit. In the United States, the sale of a stake in Facebook gives the whole a value of some $6.5 billion. And in Germany, Software AG is buying IDS Scheer in the country’s first major corporate takeover of 2009. For more on these stories, and all the other latest deals news from Reuters, click here.

And here’s what the papers are saying (some external links may require subscriptions):

* China National Petroleum Corp (CNPC) could make a binding offer for up to 75 percent of the Argentine unit YPF of Spanish oil major Repsol (REP.MC) in the next few days, ABC reported, citing sources close to the talks. Reuters story here.

Deals du jour

Suntory and Kirin consider joining forces to create one of the world’s biggest beer and soft drinks companies, with annual sales of $41 billion. Meanwhile Friends Provident and Venture Production are both fending off unwanted approaches. For all the latest deals news, click here.

And here’s the latest dose of market chatter:

* McGraw-Hill has hired Evercore Partners Inc, a top U.S. merger advisory boutique to sell BusinessWeek magazine, Bloomberg said, citing a person close to the situation.

* Bank of America Corp is trying to avoid paying billions of dollars in fees to U.S. taxpayers for guarantees against losses at Merrill Lynch, saying the rescue agreement was never signed and the funding never used, Bloomberg said, citing people familiar with the matter.

Deals du Jour

Putting together new companies out of parts of old is a challenging task for dealmakers, particularly when the businesses concerned employ large numbers of workers.

The future shape of Germany’s auto industry remains uncertain, following the slow-mo breakdown of General Motors (GM.N) and the collapse of Porsche’s (PSHG_p.DE) bid to take over Volkswagen (VOWG.DE). Over the weekend the list of bidders for Porsche’s stake in Volkswagen grew, while a German newspaper on Monday reported the country’s economy minister saying the outcome of the bidding war for Opel was still up in air. For all the latest deals news from Reuters, click here.

Elsewhere, newspapers name a pair of European companies looking to offload businesses to support their financial position.

Deals du jour

Talks to sell the storied Chicago Cubs baseball team reopen with a rival bidding group; the sale of Bernard Madoff’s former securities-trading unit is finalized; possible hurdles to EMC’s bid for Data Domain — for all the latest deals news from Reuters, click here.

And in the papers (some external links may require subscriptions):

Glencore International AG, the Swiss-based commodities trader founded by Marc Rich to become one of the world’s biggest private companies, is considering a stock market listing, the Financial Times reported. Reuters story here.

Bank of America Corp Chief Executive Ken Lewis was approached by three former Merrill Lynch executives this year to discuss buying back some or all of their old company, but he politely rebuffed them, the Financial Times reported.

Deals du jour

Magna and GM aim to sign a deal on Opel by July 15, Blackstone plans to establish a Chinese subsidiary, and AIG picks banks to run the $4 billion-plus IPO of its Asian life insurance unit – for all the latest deals news from Reuters, click here.

And in the newspapers (some external links may require subscriptions):

* KazMunaiGas Exploration and Production, the listed arm of Kazakhstan’s national oil company, has $4bn of cash available for acquisitions and hopes to agree deals before the end of the year, its new chief executive told the Financial Times.

* Stephen Pagliuca, one of three parties interested in buying The Boston Globe, is willing to work with the U.S. newspaper’s largest union to structure a buy-out from its owner The New York Times, the Financial Times reported, citing a person familiar with the discussions.

Deals du jour

Pfizer is seeking deals in emerging markets, while Nomura and T&D are among second-round bidders for Citigroup’s Japanese asset management arm. Get all the latest deals news from Reuters here.

And in the newspapers:

Alan Lewis, owner and chairman of overcoat maker Crombie, has made an approach to Aquascutum’s Japanese owner Renown to acquire the label’s British business including its manufacturing operation, the Financial Times reported. (Link may require subscription).

The head of German chemicals company Bayer said debt reduction and securing liquidity was taking precedence over acquisitions during the economic crisis, the Sueddeutsche Zeitung reported. Reuters story here.

Deals du Jour

British bank Barclays said it would sell its BGI investment arm to U.S. firm BlackRock for $13.5 billion, creating the world’s biggest asset manager. For today’s headlines, click here.

And in the media:

* Malaysian gaming group Genting is in partnership talks with U.S. casino operator MGM Mirage, the Wall Street Journal reported. 

* British boiler maker Baxi is close to agreeing a 1.7 billion euros ($2.4 billion) merger with smaller Dutch rival De Dietrich Remeha Group, the Financial Times reported. 

Deals du Jour

Australian miner OZ Minerals said its shareholders approved the sweetened $1.4 billion deal by  Chinese state-owned Minmetals’ to buy most of the indebted miner’s assets. For today’s headlines, click here.

And in the newspapers:

* Turquoise, the European equity system owned by nine investment banks, was forced to close on Wednesday morning because of a technical problem, Financial News said.

* The New York Times Co has hired Goldman Sachs to manage the possible sale of The Boston Globe, and plans to request bids in the next couple of weeks, The Boston Globe reported.

Deals du Jour

U.S. money manager BlackRock is set to buy Barclays Global Investors (BGI) for between $12 billion and $13 billion, people familiar with the matter told Reuters. The deal, which could come today, would create a global asset manager twice the size of its nearest rival. For today’s headlines, click here.

And in the newspapers:

* Australian bank Macquarie may trump a Chinese bid for assets of debt-laden miner OZ Minerals, the Australian Financial Review said, which could stoke further anger in China after its massive deal with Rio Tinto collapsed last week.

* The chief executive of German retailer Metro is already sounding out foreign investors to buy the combined department store group it hopes to create with the Karstadt chain, Handelsblatt paper reported, citing investment bank sources.