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Thursday, January 3, 2013

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01/3/2013
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
Al Jazeera buys Gore's Current TV, terms undisclosed
LOS ANGELES/NEW YORK (Reuters) - Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar-based broadcaster's footprint in the United States.
Microsoft acquires start-up id8: source
SAN FRANCISCO (Reuters) - Microsoft Corp bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday.
Avis to buy Zipcar as slow economy boosts car-share business
(Reuters) - Car rental company Avis Budget Group Inc will buy Zipcar Inc for about $500 million to take the top spot in the fast-growing U.S. car-sharing market, racing past larger rivals Hertz Global Holdings Inc and Enterprise Holdings Inc .
Hormel to buy Skippy peanut butter business for $700 million
(Reuters) - Hormel Foods Corp , the maker of Spam canned ham, said it will acquire the Skippy peanut butter business from Unilever Plc for about $700 million.
French watchdog against plan for SFR, Free merger: report
PARIS (Reuters) - France's antitrust watchdog has opposed a proposal by Iliad and Vivendi to merge their mobile telecoms units, BFM radio reported on its website.
India's Jet says in stake sale talks with Etihad
NEW DELHI (Reuters) - Jet Airways said on Thursday that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier, although terms have not been finalized yet.
Clothing retailer Gap to buy Intermix for $130 million: WSJ
(Reuters) - Gap Inc will buy women's fashion boutique Intermix Inc for $130 million to enter the luxury clothes market, the Wall Street Journal reported.
IPOs, acquisitions of venture-backed companies fizzled in 2012
SAN FRANCISCO (Reuters) - Venture-backed companies made less cash for their backers last quarter compared with a year ago, capping a year in which the industry came under fire for not delivering hoped-for returns.
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.
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.
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