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Wednesday, January 2, 2013

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01/2/2013
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
ArcelorMittal to sell $1.1billion stake in Canadian unit
SEOUL/BRUSSELS (Reuters) - ArcelorMittal , the world's biggest steelmaker, will sell a 15 percent stake in one of its Canadian iron ore operations, raising $1.1 billion to help pay off debt at a time of sluggish demand.
Avis Budget enters car-sharing market with Zipcar buy
(Reuters) - Car rental company Avis Budget Group Inc said it will buy Zipcar Inc for about $500 million in cash to enter the fast-growing U.S. car-sharing market.
India's Jet front-runner for Etihad investment: government source
NEW DELHI (Reuters) - India's Jet Airways Ltd is the front-runner for an investment by Etihad Airways, a senior Indian government source said on Wednesday, adding the Gulf carrier could pay up to $330 million for a 24 percent stake in the Indian company.
Private equity firms to buy Duff & Phelps for $665 million
NEW YORK (Reuters) - A group of private equity firms, including the Carlyle Group , struck a deal on Sunday to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
United States avoids calamity in "fiscal cliff" drama
WASHINGTON (Reuters) - The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world's largest economy off a "fiscal cliff" and into recession.
After fiscal win, Obama warns Congress on debt fight
WASHINGTON (Reuters) - Speaking after winning a "fiscal cliff" victory, President Barack Obama vowed on Tuesday to avoid a repeat of last year's divisive fight with Congress over an extension of the nation's borrowing authority.
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