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UPDATE 1-Market Chatter-Corporate finance press digest - Oct 22

Oct 22 - The following corporate finance-related stories were reported by media:

Market Chatter- Corporate finance press digest - Oct 22

Oct 22 - The following corporate finance-related stories were reported by media:

BGC set to launch tender offer for GFI - WSJ

Oct 22 - Interdealer broker BGC Partners Inc plans to launch its $5.25-per-share tender offer for rival GFI Group Inc as early as Wednesday after attempts to strike a deal failed, the Wall Street Journal reported, citing people familiar with the matter.

EMC to acquire much of Cisco's stake in joint venture VCE -Bloomberg

Oct 22 - Data storage products maker EMC Corp is buying much of Cisco System Inc's stake in their joint venture VCE, Bloomberg said, citing people with knowledge of the matter.

PRESS DIGEST- Financial Times - Oct 22

Oct 22 - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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Lipper awards video

LIPPER AWARDS: Home bias for Hong Kong pensions

LIPPER AWARDS: Home bias for Hong Kong pensions

Personal Finance

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U.S. Fed awards record amount of term deposits

NEW YORK - The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday.

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Funds News

Carl Icahn says high-yield 'junk' bond market in a bubble - CNBC

NEW YORK, Oct 21 - Billionaire activist investor Carl Icahn said on Tuesday he thinks the high-yield "junk" bond market is still in a bubble despite the asset class's recent selloff.

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