Business

Business briefs

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Published June 3, 2013, 4:00 a.m. ET

Office $pace

Crown Acquisitions and Highgate Holdings are under contract to buy 650 Madison Ave. for $1.3 billion, the biggest deal for a US building since Google’s purchase of 111 Eighth Avenue in 2010. The sellers of the 600,000-square-foot tower, between East 59th and 60th streets, are investors led by Carlyle Group.

Bonds down

Global bond markets posted their biggest monthly losses in nine years in May as the dollar rallied and stocks reached record highs amid speculation a strengthening US economy will allow the Federal Reserve to reduce its monetary stimulus.

More jobs

US employers are expected to have added 165,000 workers in May, as many jobs as they did in April, showing the economy is weathering the effects of higher taxes and government spending cuts.

Sprint ahead

Sprint Nextel investors should accept SoftBank´s $20.1 billion takeover bid, Institutional Shareholder Services said without offering an opinion on Dish Network’s $25.5 million counter-bid because it hasn’t yet been presented to shareholders.