Carlyle to buy Manor Care for $4.9 billion

NEW YORK (Reuters) - Manor Care Inc. on Monday said Carlyle Group agreed to buy the company for $4.9 billion in cash.

BCE takeover battle may not be over yet: report

NEW YORK (Reuters) - The battle to take over Canada's biggest telephone company, BCE Inc. , may not be over yet, with other suitors saying they are considering their options, The Globe and Mail reported on Monday.

Futures up on telecoms takeovers, data eyed

NEW YORK (Reuters) - Stock index futures rose on Monday, boosted by takeover news in the telecommunications sector and before a report on manufacturing activity that could give clues on the outlook for profits.

Bear Stearns to add up fund losses by July 16: report

NEW YORK (Reuters) - Bear Stearns Cos. may take until July 16 to tally losses at two struggling hedge funds that invested in risky mortgage-related securities, The Wall Street Journal Online reported on Monday.

Bank of America says U.S. Trust clients staying on

NEW YORK (Reuters) - Bank of America Corp. said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp. , and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.

Wesfarmers wins Australia's Coles with $18 bln bid

MELBOURNE (Reuters) - Wesfarmers Ltd. , which owns Australia's largest hardware chain, has agreed to buy retailer Coles Group Ltd. for A$20.7 billion ($17.7 billion) in cash and stock, in the country's biggest takeover.

Reddy Ice to be acquired; cuts 2007 outlook

(Reuters) - Reddy Ice Holdings Inc. , a maker of packaged ice, said it agreed to be acquired by certain funds managed by hedge fund GSO Capital Partners LP in a deal with a total value of about $1.1 billion.

Colgate CEO retires, successor named

(Reuters) - Colgate-Palmolive Co. said Chief Executive Officer Reuben Mark retired, effective July 1, and has been succeeded by Ian Cook, its chief operating officer.

Blockbuster names James Keyes CEO

NEW YORK (Reuters) - Video rental chain Blockbuster Inc. named on Monday James Keyes as its new chairman and chief executive to replace current CEO John Antioco.

Apple sold 525,000 iPhones since launch: report

NEW YORK (Reuters) - Apple Inc. sold about 525,000 iPhones at Apple and AT&T Inc. stores in the first weekend since its June 29 launch, the Los Angeles Times reported on Monday, citing an analyst.