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Wednesday, December 12, 2012

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12/12/2012
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
Delta buys Virgin Atlantic stake to boost London access
(Reuters) - Delta Air Lines agreed to buy a 49 percent stake in Virgin Atlantic , creating a joint venture that would expand Delta's access to London's Heathrow Airport and increase competition in the lucrative transatlantic market.
SolarCity offers more shares, sees IPO priced at $8 per share
(Reuters) - SolarCity Corp, a venture backed by technology entrepreneur Elon Musk, said it expects to sell 11.5 million shares at $8 per share, a day after an underwriter said the company had postponed its planned initial public offering.
Rosneft finalizes deal to buy TNK-BP stake from AAR
MOSCOW (Reuters) - State oil major Rosneft has finalized a deal to buy 50 percent of Russian peer TNK-BP from the AAR consortium for $28 billion, sealing the country's largest takeover.
Carlyle selling up to $67 million stake in Kaisa Group: term sheet
HONG KONG (Reuters) - Carlyle Group is selling up to $67 million of its stake in Hong Kong-listed Kaisa Group Holdings Ltd , according to a term sheet seen by Reuters.
Posco not interested in Italian ThyssenKrupp plant
SEOUL/LONDON (Reuters) - Steelmaker POSCO has denied it is interested in buying the ThyssenKrupp stainless steel plant in Terni, Italy, rejecting market speculation that the South Korean producer could buy the plant to increase its presence in Europe.
Barry Callebaut pays $950 million to feed Asia chocolate boom
ZURICH (Reuters) - Swiss chocolate maker Barry Callebaut is buying the cocoa business of Singapore's Petra Foods to reduce its dependence on West African raw materials as it expands in emerging markets.
U.S. Treasury exits AIG as markets await rebound
(Reuters) - The U.S. Treasury's sale of its remaining stake in American International Group Inc will leave taxpayers with a profit of nearly $23 billion - more than the next three most successful bailouts combined.
Diageo ends talks on tequila brand Cuervo
LONDON (Reuters) - Diageo has pulled out of talks to buy a stake in top-selling tequila brand Jose Cuervo in a surprise move that fuelled speculation that the world's biggest spirits maker could now set its sights on smaller rival Beam Inc .
Panasonic may sell Sanyo digital camera business: source
TOKYO (Reuters) - Panasonic Corp may sell its Sanyo digital camera business to Japanese private equity fund Advantage Partners by the end of March, a source familiar with the plan said.
Fed set to expand its monetary stimulus
WASHINGTON (Reuters) - The Federal Reserve is expected to announce a fresh round of bond buying on Wednesday as part of its efforts to support a fragile economic recovery threatened by political wrangling over the government's budget.
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