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Tuesday, October 30, 2012

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10/30/2012
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
Japan's Hitachi buys UK's Horizon nuclear project
LONDON/TOKYO (Reuters) - Japanese industrial electronics maker Hitachi is taking over Britain's Horizon nuclear project to build four to six new nuclear power stations, the UK's Department of Energy and Climate Change (DECC) said on Tuesday.
Rosneft's stake sale to BP part of privatization: minister
PERM, Russia (Reuters) - Russia will sell a 5.66 percent stake in Rosneft to British major BP next year but will refrain from a wider privatization of the country's largest oil company in 2013, Energy Minister Alexander Novak said in an interview.
Bayer to buy U.S. vitamin maker Schiff for $1.2 billion
FRANKFURT (Reuters) - Germany's Bayer is to buy U.S. vitamins maker Schiff Nutrition International for an agreed $1.2 billion as it seeks stable sources of growth to complement its more volatile prescription drugs business.
Porsche SE to use bulk of cash for acquisitions
FRANKFURT (Reuters) - German financial holding company Porsche SE plans to use the bulk of its 2.59 billion euros ($3.34 billion) in net cash for strategic acquisitions rather than return it to shareholders.
EU clears Sun Capital buy of Rexam toiletries unit
BRUSSELS (Reuters) - Private equity firm Sun Capital Partners won EU regulatory approval on Tuesday to acquire British drinks maker Rexam's cosmetics, toiletries and household care business for $459 million.
Orascom Telecom considers sale of African units
CAIRO (Reuters) - Orascom Telecom Holding (OTH) said it was considering the sale of all or part of its interests in central and southern Africa as part of a review of operations in the region.
Premier Foods sells Branston, crosses asset disposal target
(Reuters) - Premier Foods Plc said it sold its pickles and sauces business, including the Branston brand, for 92.5 million pounds ($148.22 million) to Japan's Mizkan Group, as part of its effort to trim debt, sending its shares up 8 percent.
Cerberus working with real estate firms on Supervalu bid: WSJ
(Reuters) - U.S. buyout firm Cerberus Capital Management LP is working with a group of real estate firms on a possible bid for supermarket chain Supervalu Inc , the Wall Street Journal reported on Monday, citing people familiar with the matter.
Altimo buys more Vimpelcom shares to overtake Telenor
MOSCOW (Reuters) - Billionaire Mikhail Fridman's Altimo increased its stake in Russian telecoms group Vimpelcom overnight, outmanoeuvring arch-rival Telenor and potentially clearing the way for a resumption of dividend payouts.
Andreessen Horowitz leads $15.5 million funding of ItsOn mobile firm
NEW YORK (Reuters) - Andreessen Horowitz is leading a $15.5 million round of venture funding for ItsOn Inc, a developer of software that supports more flexible mobile billing options like sponsored data services and split billing for work and personal use.
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