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Monday, February 25, 2013

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02/25/2013
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
Sinopec to buy stake in Chesapeake assets for $1.02 billion
(Reuters) - China Petroleum & Chemical Corp (Sinopec) , Asia's largest oil refiner, will buy half of Chesapeake Energy Corp's Mississippi Lime oil and gas properties for $1.02 billion, becoming the latest Chinese company to pick up shale assets in North America.
Royalty Pharma proposes $6.6 billion bid for Elan
DUBLIN (Reuters) - Investment firm Royalty Pharma has made a $6.6 billion bid approach to Elan, seeking to scupper the Irish drugmaker's plan to spend most of the proceeds from a major drug sale on deals and instead give the money to shareholders.
Barnes & Noble chairman to bid for company's retail assets
(Reuters) - Barnes & Noble Inc Chairman Leonard Riggio has told the board he plans to buy all the retail assets of the company.
Race is on for $6 billion Maroc stake as Etisalat picks banks
DUBAI/LONDON (Reuters) - Etisalat , the United Arab Emirates' (UAE) biggest telecoms operator, has lined up advisers for its bid for Vivendi's 53 percent stake in Maroc Telecom .
GM switches to AT&T from Verizon for OnStar wireless service
NEW YORK (Reuters) - General Motors Co has chosen AT&T Inc to provide high-speed wireless service for its 2015 car models, dropping its long-term provider Verizon Wireless.
Pearson CEO says Financial Times is not for sale
LONDON (Reuters) - The new chief executive of British education and media group Pearson said the Financial Times (FT) is not for sale, refuting repeated media speculation about the newspaper's future at the company.
Japan to raise $10 billion through Japan Tobacco share sale
TOKYO (Reuters) - Japan's government will sell around a third of its stake in Japan Tobacco Inc , the world's No.3 tobacco company, to raise about $10.4 billion for reconstruction of areas devastated by a 2011 earthquake and tsunami.
Knight Capital to sell credit brokerage unit to Stifel: source
NEW YORK (Reuters) - Knight Capital Group , which recently agreed to be bought for $1.4 billion by Getco Holding Co, has struck a deal to sell its credit-brokerage unit to Stifel Financial Corp , according to a person familiar with the matter.
Finland's Fennovoima to drop Areva from reactor talks
HELSINKI/PARIS (Reuters) - French nuclear group Areva said it expects to be dropped from talks to supply its high-power reactor for Fennovoima as the Finnish consortium has changed its plans following the exit of its main shareholder.
Eni, Rosneft strengthen cooperation through logistics deal
MILAN (Reuters) - Italy's gas and oil major Eni and Rosneft signed a strategic agreement to develop trading and logistics opportunities, Eni said on Saturday.
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