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Wednesday, May 1, 2013

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05/1/2013
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
SoftBank slams Dish's Sprint bid, rules out sweeteners
TOKYO/NEW YORK (Reuters) - SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.
Exclusive: Bain, Golden Gate in the lead to buy BMC Software - sources
NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday.
Yahoo scraps Dailymotion bid after French government concerns: reports
SAN FRANCISCO (Reuters) - Yahoo Inc has abandoned an effort to acquire a majority stake in online video website Dailymotion due to objections by the French government, according to media reports, scrapping what would have been the biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer.
Icahn ups stake in Nuance to 10.72 percent from 9.27 percent: filing
NEW YORK (Reuters) - Billionaire investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc from 9.27 percent to 10.72 percent, a filing with the Securities and Exchange Commission showed on Tuesday.
Sturm Ruger looking at Freedom Group but deal unlikely: CEO
(Reuters) - Gunmaker Sturm Ruger & Co Inc said it was looking at the accounts of up-for-sale rival Freedom Group but said it was unlikely it would make a bid.
Oaktree's Marks says firm buying European corporate debt: CNBC
NEW YORK (Reuters) - Howard Marks, co-founder and chairman of Oaktree Capital, the world's largest distressed debt investor, said on Tuesday that his firm is buying European corporate debt.
InterMedia fires new salvo in fight for Outdoor Channel
(Reuters) - Leo Hindery's InterMedia raised its offer for cable network Outdoor Channel Holdings Inc to $237 million in cash, outbidding a rival offer from Stan Kroenke's Kroenke Sports & Entertainment LLC.
Veeva Systems planning initial public offering: sources
(Reuters) - Life sciences-focused software company Veeva Systems is planning an initial public offering that could come in the third quarter and has selected banks to lead the deal, according to two people familiar with the matter.
Best Buy exits Europe with Carphone sale
NEW YORK/LONDON (Reuters) - U.S. retailer Best Buy Co Inc retreated from an ill-timed European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half of what it paid five years ago.
Unilever places $5 billion bet on Indian growth
MUMBAI/LONDON (Reuters) - Unilever plans to pay up to $5.4 billion to raise its stake in its Indian subsidiary, making its biggest deal in 13 years a huge bet on the strength of demand for personal care and food products in Asia's third-largest economy.
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