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Wednesday, November 21, 2012

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11/21/2012
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
News Corp to take 49 percent stake in Yankees TV channel
(Reuters) - News Corp will acquire a 49 percent equity stake in the YES Network from the New York Yankees baseball club and its partners, giving the media company a major sports presence in the largest U.S. TV market.
EU regulators clear way for Glencore Xstrata tie-up
LONDON (Reuters) - EU antitrust regulators have cleared commodity trader Glencore's $32 billion takeover of miner Xstrata , agreeing to virtually seal the deal without requiring major asset sales.
Illumina says Complete Genomics rejects buyout offer
(Reuters) - Genetic sequencing company Illumina Inc said smaller peer Complete Genomics Inc rejected its takeover bid of about $114 million.
Ford, partners increase investment in China engine plant
BEIJING/SHANGHAI (Reuters) - Ford Motor Co , Mazda Motor Corp and their partner in China have agreed to invest an additional $37.3 million in their engine plant venture, following surging sales of Ford cars including its latest Focus model.
South Africa's Tiger Brands to up stake in Dangote Flour
JOHANNESBURG (Reuters) - South African consumer goods group Tiger Brands is offering to buy out some minority shareholders in Nigeria's Dangote Flour Mills as it expands in fast-growing African markets.
China PICC sets $3.6 billion HK IPO terms, AIG drops out
HONG KONG (Reuters) - Chinese state-owned insurer PICC Group has wound back expectations for its proposed Hong Kong listing, securing pledges from a group of mostly domestic investors for its up to $3.6 billion IPO, the biggest in the city in two years.
BASF to buy fish oil maker Pronova in $845 million deal
FRANKFURT (Reuters) - Germany's BASF is buying a maker of fish oils used in heart drugs and food supplements for an agreed $845 million, seeking steady growth in nutrition markets to complement its more volatile chemicals and plastics businesses.
Gemfields buys Faberge to create gem champion
LONDON (Reuters) - Gemfields is to buy luxury jeweler Faberge from one of the colored gem miner's own shareholders, in a deal valuing the maker of lavish Easter eggs for Russia's last tsar at $142 million.
Veolia says completes $1.9 billion U.S. unit sale
PARIS (Reuters) - Veolia Environnement said it completed the sale of its U.S. solid waste business to ADS Waste Holdings for $1.9 billion as the French waste and water group seeks to cut debt.
Russia's NTS plans further buys after Evraztrans
MOSCOW (Reuters) - NefteTransService (NTS), one of Russia's largest private rail operators, is already in talks on a further acquisition after agreeing to buy rail operator Evraztrans from steelmaker Evraz .
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