10:25 AM New York – U.S. indexes dropped after consumer prices remained unchanged in July. Carlyle agreed to acquire Getty Images for $3.3 billion. Global Payments agreed to buy Accelerated Payment for $413 million in cash. Abercrombie quarterly net fell but Deere earnings rose.
U.S. indexes traded sideways and were fractionally up after first of trading and consumer prices were flat in July for a second month in a row.
The Bank of England policymakers were unanimous in retaining quantitative easing program at £375 billion and the interest rate unchanged at 0.50%, according to the minutes of the meeting held on August 1 and 2.
The UK jobless claims fell unexpectedly in July a day after the euro zone reported less than expected decline in the economic activities in the second quarter.
Standard & Poor''s downgraded Nokia to ''BB-.''
Australia''s consumer confidence declined in August, according to a report released by Westpac and the Melbourne Institute today. The consumer sentiment index dropped 2.5% to 96.6 in August.
U.S. Consumer Prices Hold Flat in July
The U.S. Consumer Price Index was unchanged in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.
Excluding food and energy prices, the core consumer price index rose 0.1% in July after rising 0.2% in each of the four previous months.
Separately, conditions for New York manufacturers deteriorated in August, according to a report released by the Federal Reserve Bank of New York today.
The New York Fed said its general business conditions index slipped to -5.9 in August from 7.4 in July.
Carlyle to Acquire Getty Images
The Carlyle Group, the private equity group agreed to acquire Getty Images, Inc., a global creator and distributor of still imagery, video and multimedia products, from Hellman & Friedman for $3.3 billion.
Carlyle will acquire a controlling stake in Getty Images, while Getty Images co-founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction.
Getty Images management, including Co-Founder and Chief Executive Officer Jonathan Klein, will also invest significant equity in the company.
Lloyds Sells Interest in Private Equity
Lloyds Banking Group plc agreed the sale of a portfolio of private equity-related investments with around £1.05 billion gross assets and the transfer of undrawn commitments of £220 million to a fund financed by Coller International Partners VI for a cash consideration of about £1.03 billion.
Global Payments to Buy Accelerated Payment Technologies
Global Payments Inc., an electronic transaction processing solutions provider agreed to acquire Accelerated Payment Technologies from Great Hill Partners for $413 million in cash.
The transaction is expected to close during Global Payments'' second fiscal quarter 2013.