(Reuters) - First Data, a credit-card and payment processor, said it had agreed to a buyout bid by private equity firm Kohlberg Kravis Roberts & Co. Its stock was the top percentage gainer, up 20.6 percent, on the New York Stock Exchange.
The Institute for Supply Management said factory activity grew in March, but less than forecast. The data also showed rising price pressures that could help dissuade the Federal Reserve from cutting interest rates soon even as growth slows.
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