Oct 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
FED CLEARS $3.7 BLN M&T-HUDSON CITY MERGER
On Wednesday, Google and Microsoft settled about 20 patent lawsuits concerning their mobile platforms. The patent wars started after Google acquired Motorola in 2012 to amass a patent portfolio and protect Android from legal attacks.
Three of the biggest U.S. hedge funds - Bill Ackman’s Pershing Square (IPO-PERS.L), Jeff Ubben’s ValueAct, and John Paulson’s Paulson & Co - have suffered heavy losses thanks to a sell-off in the shares of Valeant Pharmaceuticals.
U.S. chief banking regulator cleared a $3.7 bln merger between M&T Bank of New York and Hudson City Bancorp of New Jersey, paving the way for a consolidation in the scattered banking landscape.
British manufacturing has fallen to a six-year low, pointing to signs of an extended period of stagnation and weak demand from overseas. (Compiled by Ankush Sharma in Bengaluru; Editing by Jonathan Oatis)