Obama Hasn't Reviewed Levin Merger Bill: Carney

May 20 (Bloomberg) -- White House Press Secretary Jay Carney speaks about U.S. Senator Carl Levin's bill proposing strict limits on corporate mergers in which they move their tax address outside the U.S. Carney, speaking at the daily White House news conference, also discusses reports of U.S. veterans dying while awaiting health care. (Source: Bloomberg)
Pirelli on Track for Chinese Takeover
14:30 - Pirelli is on course to be taken over by ChinaChem - a state-owned chemical giant that makes everything from pesticides to latex to resins for plastics. The deal could bolster the Italian tire maker’s presence in the industrial market and value it at 7.4 billion euros, while continuing to manufacture high-end car tires for elite brands like Ferrari, McLaren and Bentley. Bloomberg's Eric Johnson reports. (Source: Bloomberg)
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