A look at some must-read news on deals and deal makers around the world
Market bets against TMX deal
The gap between the share prices of London Stock Exchange Group Plc and TMX Group Inc. suggests that investors believe there's a pretty good chance that the deal to merge the two won't be consummated. The difference is much wider than that of the shares of Deutsche Boerse and NYSE Euronext, which are also trying to merge, Bloomberg News reports.
Canadian retail stocks take beating
Canadian retail shares are in their worst funk relative to U.S. retailers in years because of the concern about Wal-Mart Stores Inc. ramping up grocery sales and Target Corp. challenging for supremacy on the general merchandise side. Bloomberg analyzed the numbers and found that the gap between Canadian retail stocks and the U.S. retail index is at its weakest in six years.
Tough love for hedge funds
The New York Times finds that hedge funds are getting hit hard -- finally -- when they disappoint. That's a change from prior years when investors were very patient, perhaps too patient, with managers who underperformed.
Investment banking buoys Paribas
It wasn't a great quarter for BNP Paribas, but what good news there was came from investment banking at the French financial services giant.
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