konecranes plans to acquire a lifting business from terex for about $1.3 billion.he finland-based company will pay cash and $19.6 million in materials terex's handling and poor solutions business. the u.s. crane maker abandoned talks with chinese zoomilon to buy the rest of the company. telecom italia has reduced its target to 1.6 billion euros. italy's largest phone company is cuts will be split between operating cost and capital spending. new ceo aims to improve profitability and the former state-owned carrier. shares are trading higher. that is the bloomberg business flash. francine: thank you so much. never before has the bank of japan done so much to achieve so little. that is the online -- the headline on a story on the bloomberg this morning. stocks are little changed from 18 months ago and exports are declining. this is our chart of the hour/ this shows the trouble that mr. kuroda is phasing. the lj has succeeded in pushing down bond yields. you can see when you look at the sovereigns that, well, that and may,tween november you can see that is when governor

company terex. they will buy it lifting your business for $1.3 billion. way for a chinese company zoom lion to buy the rest of terex. inres rose as much as 20% trading. phillips is looking to raise as much as $1.1 billion in the ipo of its lighting unit. the dutch company is offering a 20% stake after a five it sale process failed to find a buyer. this will focus on the global health care market as well as consumer goods. health prices and the u.s. rebounded. asking prices rebounded 4% to an average of $442,000. prices for properties usually stop by first time buyers jumped by 6%. investor move, the rush to be introduced next month. it resulted in a shortage of houses for sale because london home prices are not high enough already. and that is the latest business flash. betty: the witness -- winner for the highest-paid female goes to sandra cap. she raked in $50 million last year, first among women on the pay index which tracks the 200 highest paid executives at publicly traded u.s. companies. alicia richie joins us now. so issue number one among females

wants europe to get rid of a lot of its agricultural terex -- tariffs. the eu does not want to do that. both want to recognize the professional degrees that have been earned by citizens on one side of the atlantic or the other so they can work across the atlantic. there seems to be some agreement on that, but again it's a difficult area. sarah: ok, gary -- guest: i could name others, but that is a big list. sarah: gary, thank you, we appreciate it. turning to other news -- a plan to restore syria's crumpling cease-fire according to the u.s. secretary of state john kerry, who has been negotiating with the syrian envoy and the saudi foreign minister in geneva. he says there is a progress to ending the violence in the city of aleppo, but more work needs to be done. the situation in aleppo is complicated. kurdish forces, shiite hezbollah militants, and the him nusra front are trying to take over the city. civilians are caught between shifting battlelines. the u.n. has says the -- has said that there can be no progress on that there are tangible benefits on t

terex ending talks, saying it disagrees with the offered price.ion clearing the way for a rival which had offered to buy the unit for $1.3 billion. the finnish company says it will go ahead with the deal as planned. al india missing estimates. it produced a record amount during the quarter, but did cut back on output and liberties -- deliveries last month. shares have dropped 15% this year. on a fee tocounting offset returns. the policy could array something like $365 million from revenue this year. 11%cting profit the fall of , down to lower returns. we will be looking at that one as well. gaining after and on top of a 13% surge on friday. sixfold.e jumping fr benefiting from the oil price plunge and is hedging for 2017. >> oil is always a temporary and reliever -- pain reliever. sailed win with oil price being where it is. we are hedged at 70% and are hedging for next year up to 30%. we have hit the 50 ringgit market, so we are comfortable maintaining margins. has been aggressive in cutting capacity to deal with fluctuations in demand. are you s

terex is in the parts business after they abandon a merger to pursue merger talks with a chinese companyese car hailing company didi is targeting an ipo in new york next year, according to people familiar with the matter. they say the timing will depend on how the firm's battle with uber plays out. last year, apple put $1 billion in two -- into didi. telecom italia has almost tripled its target for reducing expenses to 1.6 billion euros by 2018. cuts will include 800 million euros in operating cost, and 800 million euros in capital spending. that comes as the new ceo aims to improve profitability at the former state-owned carrier. that is your bloomberg business flash. guy: chinese stocks trading in hong kong rebounded from a two-month low, despite a raft of negative economic data over the weekend. retail sales and fixed asset investment it all missed estimates over the weekend. malcom scott joins us from hong kong. the miss on retail sales and industrial output -- walk me through what the take away from this should be. i thought the retail sales number actually looked all right. malcolm

zoomlion-terex talks in.ena in an antitrust probe, india's largest seeks documents and communications regarding the sale of generic drugs along with corporate and employee records. sun pharma says it is responding to the subpoena and is not expect any adverse outcome on results. fee incomes to offset lower returns due to negative interest , the policy could erase $365 million from revenue this year. zuho is seeking to boost income from investment banking and brokerage services. that was a look at some of the stories making headlines. i am yvonne man. wars brewingpark in china, billions at stake. that is up next. ♪ a 40 4 a.m. in hong kong, these are the stories making headlines around the world. the philippine congress will declare the landslide winner of this month's election. the u.n. says more than 700 migrants are feared dead in the mediterranean shipwrecks over the past week with thousands of other saved by coast guard. the number appears to be the worst since april last year has spring weather encourage

finish crane maker has abandoned a plan to buy all terex.n terex has the right to terminate the deald of the month . phillips is looking to raise as much as $1.1 billion in the ipo of its lighting unit. the dutch company is offering a 25% stake after they failed to find a buyer. phillips will focus on the global health market and consumer goods. google faces a record antitrust fine in europe. according to "the telegraph" the british could should plans to fine them.-- france wants to be classified reclassify were drivers as employees. that would cause the company to pay millions into the french welfare system. they say they are independent contractors. alix: welcome back to bloomberg markets time now for our bloombg quicktake, where we provide context and background on issues of interest. governmentackle corruption. it keeps billions of people in poverty. cracking down on corruption can be costly. in china, a so-called anti-graft campaign is underway with far reaching effects. it has caused a slowdown in height and spending, and rattled the security market. officials try to steer clea

by the way, the equipment maker terex, one of the biggest losers today after abandoned a takeover offes down 15%, bill. >> all right. we have less than a half hour to go. lots of cake to be eaten before the trade and joining me on the floor of the new york stock exchange is jeff cheslock. what's your read? >> i this i if you look at it, going to get a rate increase. as usual everybody's going to wait until the jobs number. >> next friday. >> yes. i would be more inclined to look if i was a trader to see what opec's going to do. there were sounds. rather than a rate hike in the middle of june. you're not a bull. >> no, i'm not. >> i know you're not. >> they found places to put it. because it's so slow in an environment like this, you expect a bigger move. we didn't get much reaction. so i think take a pause and we're going to look toward the end of the week with opec and the employment number. >> all right. very good. thank you. >> congratulations to you. >> thank you very much. and the summer of wardrobe has begun on the floor of the new york stock exchange. >> we skipped spring so we

finally, speaking of another deal, this when bringing together europe and the u.s., terex is selling to combs crane of finland for $1.3 billion. the abandoned a full merger, but this paves the way presume lion of china to buy the rest, excluding that lifting your business and you can see shares are searching in early trading. lisa: let's get the bloomberg first word news with vonnie quinn. hillary clinton and bernie sanders are campaigning hard and heavy ahead of tomorrow's presidential primary in kentucky. secretary clinton visited a union training center while sanders also campaigned in the bluegrass state. voters also go to the polls tomorrow in oregon. u.s. attorneyia, of state john kerry that with the king about conflict in syria, yemen and libya. there have been violations of the truce on both sides. cruiseship largest has set sail on its maiden for age -- maiden voyage. harmony of the seas has 16 decks, 23 swimming pools and 5300 passengers -- 6300 passengers. everybody is looking at the supreme court as it is going to bring some decisions. it is a eight member, split cointrea

shares of terror acts -- shares terex downgraded to a hold. target of $21. , they missedker first order estimates, badly guided the full-year well below consensus. the ceo will be retired by the end of the month. those are some stocks moving in the premarket. obama is thedent first sitting president to visit hiroshima. he placed a wreath in the peace park in hiroshima where the u.s. dropped the first atomic bomb in 1945. he expressed remorse for those killed in the war. werekyo, passengers evacuated after an engine fire on a korean airlines jet. 18 people were injured. hollande francois spoke after police in paris battled protesters opposed to reforms. he said unions cannot dictate the law. workers at french refineries walked out earlier this week, creating a nationwide shortage of gasoline. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. david: coming up, one stock on the move ahead of the open in new york is valeant. the company fended off a recent takeover offer. more details next