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Monday, December 3, 2012

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12/3/2012
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
Soft power: China's Wanda eyes U.S. hotel, movie deals
BEIJING (Reuters) - Dalian Wanda Group, the world's biggest owner of movie theaters, is in talks with leading Hollywood studios to co-produce films and is looking to buy and build hotels in major U.S. cities as the Chinese firm eyes a $10 billion 'soft power' spending spree.
EADS confirms shareholder shake-up talks
PARIS (Reuters) - Shares in EADS rose on Monday as European nations raced towards a deal aimed at overhauling a convoluted shareholder structure at Europe's largest aerospace group.
Telefonica may list 10-15 percent of Latin American unit
MADRID (Reuters) - Spanish telecoms group Telefonica may list 10 to 15 percent of its Latin American arm in a move that could raise over 3.5 billion euros ($4.6 billion) to cut debt and highlight strengths outside its crisis-hit home market.
TNK-BP minorities withdraw BP damages claim
MOSCOW (Reuters) - Minority shareholders in Anglo-Russian oil firm TNK-BP are withdrawing a 100 billion rouble ($3.2 billion) damages suit against BP after the main stakeholders agreed last month to sell their stakes to Russia's Rosneft .
Japan's Accordia Golf rebuffs hostile bid by rival PGM
TOKYO (Reuters) - Japan's No.1 golf course operator Accordia Golf Co mounted a defense against a hostile takeover bid by smaller rival PGM Holdings KK , saying the bid will lower value for its shareholders and announcing it will more than triple annual dividend.
Nokia Siemens to sell optical networks unit
FRANKFURT (Reuters) - Mobile telecoms equipment maker Nokia Siemens Networks (NSN) said on Monday it is to sell its optical fiber networks unit to Marlin Equity Partners.
Batelco to buy CWC assets in $1 billion deal
DUBAI (Reuters) - Bahrain Telecommunications Co (Batelco) has agreed to buy Cable & Wireless Communications' assets in Monaco and some islands in a deal worth up to $1 billion, hoping growth overseas will offset falling revenue and market share at home.
Delta among suitors for stake in Virgin Atlantic: sources
NEW YORK/SINGAPORE (Reuters) - Singapore Airlines said on Monday it was in talks with interested parties to sell its 49 percent stake in British carrier Virgin Atlantic, with sources revealing that Delta Air Lines Inc was among the potential suitors.
China's Wanda in talks with "well-known" hotels for U.S. buys
BEIJING (Reuters) - China's privately-owned Dalian Wanda Group, the world's largest movie theater owner, is in talks with "well-known" hotel chains for acquisition opportunities in the United States, its chairman said on Monday.
ADM raises bid for GrainCorp
(Reuters) - Archer Daniels Midland Co raised its takeover offer for Australia's GrainCorp Ltd to A$12.20 ($12.73) per share in cash, up from an earlier bid of A$11.75.
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