Breaking pre-market news on Tuesday,

- Bank of America said to sell stake in China Construction Bank for $7.3bn — Bloomberg.

-  Porsche should reduce its debt before merging with Volkswagen, VW chairman says — Reuters.

- Corporate: Tullow Oil, Enterprise Inns, Intercontinental Hotels, Tomkins, Serco, Interserve, Premier Foods, Redrow, 888, Imperial Tobacco, NetPlay, Spice,  C&C, Stobart, Babcock International, EADS, Fraport.

This entry was posted by Tracy Alloway on Tuesday, May 12th, 2009 at 7:31 and is filed under Capital markets, Commodities, M&A, Private equity. Edit this entry.