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Thursday, April 11, 2013

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04/11/2013
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
Malaysia's pension fund accepts revised offer for stake in MISC
KUALA LUMPUR (Reuters) - Malaysia's shipping firm MISC Bhd said on Thursday that the country's pension fund, the Employee Provident Fund (EPF), has accepted the revised buyout offer at 5.50 ringgit per share made by state oil group Petroliam Nasional Bhd (Petronas).
Deutsche Telekom sweetens MetroPCS deal, cuts debt load
NEW YORK/FRANKFURT (Reuters) - Deutsche Telekom sweetened its terms on Wednesday for the proposed merger between T-Mobile USA and MetroPCS Communications by reducing the combined company's debt, bowing to pressure from activists and proxy advisory firms.
Exclusive: Goldman deal with union group lets Blankfein keep dual roles
(Reuters) - For the second year in a row, Goldman Sachs Group Inc fended off a shareholder proposal that could have led to a messy public vote to strip Chief Executive Lloyd Blankfein of his chairman's title.
Protective Life to buy AXA U.S. life portfolio for $1 billion
(Reuters) - Protective Life Corp agreed to buy a portfolio of old policies from French insurer AXA SA's U.S. business for $1.1 billion, with the aim of squeezing more value out of them.
Taylor Morrison Home rises on market debut
(Reuters) - Shares of private equity-backed homebuilder Taylor Morrison Home Corp rose as much as 8 percent on market debut, as IPOs by homebuilders continued to find favor with investors amid a recovery in the U.S. housing market.
Canada's Porter Airlines plots big expansion with Bombardier jets
TORONTO (Reuters) - Canadian regional carrier Porter Airlines laid out a bold expansion plan on Wednesday built around a conditional order worth up to $2.08 billion for Bombardier Inc's new CSeries jets that would more than double its fleet.
Gleacher says in merger talks; exits fixed-income business
(Reuters) - Gleacher & Co Inc said it was in talks regarding a possible merger, less than two months after it suspended its search for a buyer, adding to uncertainty that has already cost the investment bank clients and employees.
Buyout group bids $65 per share for Life Tech: sources
NEW YORK (Reuters) - A private equity consortium bid $65 per share, or $11.1 billion, for Life Technologies Corp , but fell short of a rival offer from Thermo Fisher Scientific Inc , two people familiar with the matter said on Wednesday.
Carlos Slim's Ora.TV buys Stick Figure Productions
(Reuters) - Ora.TV, the fledgling online digital TV network backed by Mexican billionaire Carlos Slim, has acquired television production company Stick Figure Productions in order to expand its content.
GM renews commitment to loss-making European brand Opel
RUESSELSHEIM, Germany (Reuters) - General Motors renewed a commitment to its loss-making European brand on Wednesday, pledging to invest 4 billion euros ($5.2 billion) in Opel by the end of 2016 to support new model launches.
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