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Thursday, December 20, 2012

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12/20/2012

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

IntercontinentalExchange in talks to buy NYSE: source

(Reuters) - IntercontinentalExchange Inc is in talks to buy NYSE Euronext , the operator of the New York Stock Exchange, according to a source familiar with the situation on Wednesday, in a multibillion dollar deal that could help the commodities exchange take on arch rival CME Group Inc .

GM to buy stake from Treasury; government may lose billions

(Reuters) - The U.S. Treasury plans to sell its stake in General Motors Co over the coming year, all but assuring a multibillion-dollar loss in a move that will end the automaker's "Government Motors" era.

Arseus sees big drug compounding buys after U.S. add-on

BRUSSELS (Reuters) - Belgo-Dutch medical supplies company Arseus has lined up big acquisitions early in 2013 to boost its pharmaceutical ingredients business after the latest in a string of smaller bolt-on purchases.

Sumitomo Life to buy HSBC's stake in Vietnam insurer

TOKYO (Reuters) - Sumitomo Life Insurance Co said on Thursday it is buying HSBC Holding's 18 percent stake in Vietnamese insurer Baoviet Holdings for about $340 million, the latest Japanese acquisition in Southeast Asia.

Five Oaks Investment files for IPO of up to $115 million

(Reuters) - Five Oaks Investment Corp, an investor in mortgage-backed securities, filed with U.S. regulators to raise up to $115 million in an initial public offering of its common stock.

Italy's Pirelli in Rosneft deal to sell tires in Russia

MILAN (Reuters) - Italy's Pirelli said on Thursday it had signed a deal with Rosneft that will allow it to market and sell its tires at Rosneft's gas station chain in Russia.

Santander to book 410 million euro on deal with Aegon

MADRID/AMSTERDAM (Reuters) - Spanish bank Santander said it will book gross capital gains of 410 million euros ($543.6 million) from its alliance with Dutch insurer Aegon aimed at strengthening their bankassurance business in Spain.

SandRidge to sell Permian assets for $2.6 billion

(Reuters) - U.S. oil and gas company SandRidge Energy Inc , which is facing calls from two top investors to replace its board and chief executive, struck a deal to sell its Permian Basin properties in west Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion.

Kodak in $525 million patent deal, eyes bankruptcy end

(Reuters) - Eastman Kodak Co agreed to sell its digital imaging patents for about $525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.

China's Focus Media agrees to $3.7 billion leveraged buyout

(Reuters) - Display-advertising provider Focus Media Holding Ltd said on Wednesday it had agreed to be acquired by a consortium led by Carlyle Group LP for about $3.7 billion in what would be the largest ever private equity deal in China.