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Wednesday, October 24, 2012

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10/24/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Peugeot gets government rescue as crisis deepens
PARIS (Reuters) - PSA Peugeot Citroen unveiled a government-backed refinancing deal for its lending arm as the struggling French automaker's financial position deteriorated further, sending its stock to historic lows.
Exclusive: Blackstone targets stakes in hedge fund managers
NEW YORK (Reuters) - Blackstone Group LP is preparing to launch a multibillion-dollar fund that will buy stakes in hedge fund managers in the secondary market, as traditional buyers such as banks pull back amid disappointing fund performance and regulation.
RWE, DEWA form consultancy joint venture in Dubai
FRANKFURT (Reuters) - RWE , Germany's No.2 utility, and state-run Dubai Electricity and Water Authority have established a joint venture in Dubai to offer consultancy services in the region.
ADM in preliminary deal to sell stake in Mexico's Gruma
MEXICO CITY (Reuters) - U.S. agriculture giant Archer Daniels Midland said on Tuesday that it reached a preliminary deal to sell its stake in Mexican corn flour processor Gruma to the chairman of Mexican airport operator Asur.
Deutsche Telekom CEO says confident on MetroPCS deal
MUNICH (Reuters) - Deutsche Telekom AG is confident a deal to merge its T-Mobile USA unit with U.S. carrier MetroPCS Communications Inc will go through, its chief executive said on Wednesday.
Italy prosecutors allege embezzlement in Parmalat U.S. deal
MILAN (Reuters) - Italian prosecutors have raised allegations of embezzlement in their probe into the acquisition of Lactalis American Group by Italian food group Parmalat , a judicial source told Reuters on Wednesday.
Singapore Airlines in $7.5 billion Airbus deal
SINGAPORE (Reuters) - Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.
China's Buffett-backed BYD inks first overseas deal on electric cars
BEIJING (Reuters) - Chinese car maker BYD Co Ltd , backed by billionaire investor Warren Buffett, said on Wednesday it will supply 50 electric cars to London cab service provider greentomatocars, marking its first overseas deal.
Iconix to buy Umbro from Nike for $225 million
(Reuters) - Iconix Brand Group Inc agreed to buy the Umbro sneaker brand from Nike Inc for $225 million, the companies said on Wednesday.
PolyOne Corp to buy Spartech for $246 million
(Reuters) - Chemical company PolyOne Corp struck a $246.3 million deal to buy plastic products maker Spartech Corp to enter markets such as aerospace.
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