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Thursday, May 2, 2013

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05/2/2013
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
Glencore seen still hungry after swallowing Xstrata
LONDON (Reuters) - After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30 billion acquisition of Xstrata on Thursday, the mining industry's biggest takeover yet.
Dish chairman asserts U.S. advantage in Sprint bid
NEW YORK (Reuters) - Dish Network Corp Chairman Charlie Ergen escalated the war of words with Japan's SoftBank Corp over the future of U.S. mobile company Sprint Nextel Corp, saying Sprint's network needed modernization best performed by English-speaking employees from a U.S. company.
Taiwan cable firm leans on Soros, Och-Ziff in $1.1 billion Singapore IPO
SINGAPORE (Reuters) - Asian Pay Television Trust (APTT), backed by funds linked to Australia's Macquarie Group Ltd , plans to raise up to $1.1 billion in a Singapore IPO, betting on investor demand for high-yield securities to finance the purchase of Taiwan's third largest cable TV operator.
Cerberus raises $2.61 billion private equity fund: sources
NEW YORK (Reuters) - Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, two sources said, bringing the capital Cerberus has raised from investors in the last two years to over $11 billion.
Deutsche Bahn to buy engines from Bombardier for up to 1.5 billion euro
BERLIN (Reuters) - German railway operator Deutsche Bahn has agreed a 1.5 billion euro deal to buy up to 450 electric engines from Canada's Bombardier , the German group said on Thursday.
UBS faces calls for break-up at investor meeting
ZURICH/LONDON (Reuters) - UBS faces a renewed call to break up its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a review of the bank's structure.
Berkshire buys rest of Israel's Iscar for $2.05 billion
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it paid $2.05 billion cash to buy the 20 percent it did not already own of toolmaker Iscar from the Israeli company's founding Wertheimer family.
French minister says Yahoo wanted to "devour" website
PARIS (Reuters) - France's industry minister said he had blocked Yahoo Inc's plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to "devour" its smaller competitor.
ING U.S. Inc raises $1.3 billion in IPO, less than expected
(Reuters) - Dutch financial services group ING Groep NV's U.S. unit raised $1.3 billion in its initial public offering on Wednesday, less than expected, though the offering ranked as the second largest U.S. float of the year behind Zoetis Inc .
Actavis buys antibiotic vaginal gel from Valeant for $55 million
(Reuters) - Generic drugmaker Actavis Inc bought the global rights to Canadian firm Valeant Pharmaceuticals International Inc's antibiotic vaginal gel for about $55 million.
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