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Friday, February 1, 2013

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02/1/2013
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
China approves HSBC sale of remaining $7.4 billion Ping An stake
HONG KONG (Reuters) - China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor.
Clearwire continues review of Dish offer
NEW YORK (Reuters) - Clearwire Corp said it was still evaluating an acquisition offer from Dish Network Corp for $3.30 per share but hasn't changed its recommendation of a Sprint Nextel Corp buyout offer it agreed to in December.
Netherlands nationalizes SNS Reaal at cost of $5 billion
THE HAGUE/AMSTERDAM (Reuters) - The Netherlands nationalized bank and insurance group SNS Reaal at a cost of 3.7 billion euros ($5 billion) on Friday to shore up confidence in the financial sector after a private investor-led rescue collapsed.
Daimler pays $869 million for 12 percent of BAIC Motor
FRANKFURT (Reuters) - Daimler has bought a stake in Chinese partner BAIC Motor ahead of its planned stock offering, in an effort to catch up with larger rivals in what may become the biggest market for luxury cars in the world.
Prokhorov's Intergeo seeks IPO or share placing: sources
MOSCOW (Reuters) - Russian billionaire Mikhail Prokhorov's mining company Intergeo is looking to launch either a private placement or an initial public offering of stock in Toronto, two sources said on Friday.
MetLife to buy BBVA Chile pension business for $2 billion
(Reuters) - MetLife Inc said it has agreed with BBVA to buy AFP Provida S.A., the largest private pension fund administrator in Chile, for about $2 billion in cash to expand its presence in emerging markets.
Crest Nicholson seeks $916 million valuation: sources
LONDON (Reuters) - British housebuilder Crest Nicholson aims to be valued at as much as 578 million pounds ($916 million) when it lists in London this month, sources said.
Carlsberg signs JV deal to enter Myanmar
COPENHAGEN (Reuters) - Danish brewer Carlsberg has signed a deal with a privately owned local beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in the country.
U.S. sues to stop beer deal to unite Bud and Corona
WASHINGTON/NEW YORK (Reuters) - The U.S. government has filed a lawsuit seeking to stop Anheuser-Busch InBev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own, saying the $20.1 billion deal could mean higher U.S. beer prices.
Exclusive: Ocwen leads in deal to buy Ally mortgage rights - sources
NEW YORK (Reuters) - Ocwen Financial Corp is in the lead to buy a portfolio of mortgage collection rights from Ally Bank worth around $1 billion, three people familiar with the situation said on Thursday.
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