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Friday, March 8, 2013

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03/8/2013
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
Eni chairman says group not considering spin-off of Saipem
CERNOBBIO, Italy (Reuters) - Italy's state controlled oil company Eni is not considering any plan to spin off its oil services unit Saipem , said Eni's chairman on Friday.
Chrysler invites IPO pitches, leaves door open to Fiat buyout
NEW YORK/LONDON (Reuters) - U.S. carmaker Chrysler has asked banks to pitch next month for a mandate to run a potential public listing of its shares, four people familiar with the matter said, as parent Fiat wrangles with minority shareholder VEBA over a possible buyout.
Exclusive: Och-Ziff among investors in CVC-owned Matahari $1.5 billion share sale - sources
HONG KONG (Reuters) - CVC Capital Partners has secured about $200 million in initial pledges from cornerstone investors, including Och-Ziff Capital Management Group LLC and asset manager Schroders, for its up to $1.5 billion share offer in Indonesian retailer PT Matahari Department Store, sources with direct knowledge of the matter said.
Lagardere says to exit EADS by July
PARIS (Reuters) - Media group Lagardere set a timetable for its exit from EADS on Thursday, pledging to sell its 7.4 percent stake in the European aerospace and defense group before July 31.
New York Community Bancorp eyes former IndyMac: sources
NEW YORK (Reuters) - OneWest Bank, which emerged from the wreckage of failed lender IndyMac, has held informal discussions with New York Community Bancorp about a possible sale, three sources told Reuters this week.
Icahn takes a bigger stake in Herbalife
(Reuters) - Activist investor Carl Icahn increased the size of his stake in Herbalife Ltd to 15.55 percent, a filing on Thursday showed.
Atlantia, Gemina boards to approve merger terms Friday: sources
ROME/MILAN (Reuters) - The boards of Italian motorway company Atlantia and Gemina , which owns Rome airport operator ADR, are expected to approve terms of their planned merger on Friday, sources close to the situation told Reuters.
Citigroup puts Brazil consumer finance unit up for sale: source
SAO PAULO (Reuters) - Citigroup Inc put its consumer finance units in Brazil up for sale, a source with knowledge of the situation told Reuters on Thursday, in a deal that might fetch the New York-based bank as much as 1.5 billion reais ($761 million).
Sycamore Partners to take Hot Topic private for $600 million
(Reuters) - Private equity firm Sycamore partners will take teen apparel retailer Hot Topic Inc private in a $600 million deal, adding to a retail portfolio that includes Talbots Inc.
China property developer's family in talks to buy stake in GM building: WSJ
(Reuters) - The family of Soho China Ltd's chief executive Zhang Xin is in discussions to buy a 40 percent stake in the 1.8 million square foot General Motors building in Manhattan, the Wall Street Journal reported on Thursday, citing real-estate executives familiar with the talks.
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