News Summary (BLK, BAC, COF, DELL, PAR)

According to the Treasury Department, foreign investors have purchased a net $44.4 billion of long-term US assets in June, as compared to $35.3 billion in May. The international demand for Treasury has gained slightly to $33.9 billion in June, up from an increase of $32.9 billion in May. According to the data, China has lowered its Treasury holdings in June, for the second successive month. However, Japan and the United Kingdom have raised their Treasury holdings. The Financial Select Sector SPDR Fund (XLF) has opened in the red zone with a loss of 0.2% and a decline of about 0.4% in the S&P 500 Index. The top losers in the list were BlackRock Inc BLK, Bank of America Corp BAC and Capital One Financial Group Inc COF. Dell Inc DELL has agreed to buy 3Par Inc PAR for $1.15 billion. Dell will pay $18 in cash for each share of 3Par, representing an 86% premium to 3Par's closing price on Friday. Dell is expecting the company to raise the adjusted earnings in fiscal 2012. The boards of directors of both companies have agreed to the deal. Read more from Benzinga's Markets.