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Wednesday, April 24, 2013

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04/24/2013
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
Google buys Wavii for $30 million, mirroring Yahoo's deal
SAN FRANCISCO (Reuters) - Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday.
Etisalat to make binding offer for $6 billion Maroc stake
DUBAI (Reuters) - Etisalat will make a binding offer on Wednesday to buy Vivendi's 53 percent stake in Morocco's Maroc Telecom, a deal in which the UAE telecom firm is expected to face stiff competition from its regional rival in Qatar.
Lloyds UK branches sale to Co-op collapses: sources
LONDON (Reuters) - The planned sale of more than 600 UK bank branches by Lloyds Banking Group to the Co-Operative Group has fallen through, people familiar with the matter said.
Singapore Airlines lifts stake in Virgin Australia to 19.9 percent
SYDNEY (Reuters) - Singapore Airlines Ltd has lifted its stake in Virgin Australia Holdings Ltd to 19.9 percent, boosting its influence at the carrier at a time of industry jostling to secure lucrative routes in Southeast Asia.
Rosneft will not buy more than 21 pct of Saras for now - Saras head
MILAN (Reuters) - Russian oil giant Rosneft does not intend to buy more than 21 percent of Italian refiner Saras for the time being, Saras chairman Gian Marco Moratti said on Wednesday.
OPKO Health to buy Israel's Prolor Biotech for $480 million
TEL AVIV (Reuters) - OPKO Health Inc will buy Israel-based biopharmaceutical company Prolor Biotech Inc in an all-stock deal valued at $480 million to expand its portfolio of specialty drugs.
GSK opts to sell off Lucozade and Ribena drink brands
LONDON (Reuters) - GlaxoSmithKline has decided to sell its popular soft drink brands Lucozade and Ribena in a disposal that analysts believe could bring in more than 1 billion pounds ($1.5 billion).
Kier trumps Costain in 'knock-out' bid for May Gurney
LONDON (Reuters) - British construction group Kier Group has agreed a 221 million pound ($338 million) bid for infrastructure and maintenance company May Gurney , trumping a rival offer from Costain .
India's Jet Airways in $379 million stake sale to Etihad
MUMBAI/DUBAI (Reuters) - India's Jet Airways will sell a minority stake to fast-growing Abu Dhabi-based Etihad Airways for roughly $379 million after months of negotiations, giving a lift to India's embattled aviation industry.
AXA to buy 50 percent of Chinese insurer Tian Ping
PARIS (Reuters) - AXA said it agreed to buy 50 percent of Chinese property and casualty insurance company Tian Ping for 485 million euros ($631 million) to strengthen its position in high-growth markets.
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