bolster-the-fed

Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc , people familiar with the matter said. The move illustrates how Blackstone, the world's largest private equity…

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Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

bolster-the-fed

U.S. inflation tame as economy gains momentum

U.S. consumer prices were unchanged in July on falling gasoline costs, but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday's mixed reports came as influential New York Fed President William Dudley said the U.S. central bank could hike rates next month, citing a tightening labor market that he said was starting to spur faster wage growth. “The strong housing starts and industrial output performance will …

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U.S. inflation tame as economy gains momentum