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Monday, July 22, 2013

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07/22/2013
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 to fund Taiwanese chipmaker to push Google Glass
(Reuters) - Google Inc will take a 6.3 percent stake in the unit of Taiwanese chipmaker Himax Technologies Inc that develops display technology for devices such as Google Glass, Himax said.
GSK drops scheme to raise stake in Nigerian unit
LONDON (Reuters) - GlaxoSmithKline has dropped a scheme to increase its stake in GSK Consumer Nigeria , its consumer healthcare business in the country, following opposition from minority shareholders.
KKR seals first Indonesia deal with food company investment
HONG KONG (Reuters) - KKR & Co LP has sealed its first deal in Indonesia, agreeing to buy a 9.5 percent stake in food company PT Tiga Pilar Sejahtera Food Tbk, the two companies said in a joint statement on Monday. Terms of the deal were not disclosed.
Hotel chain Extended Stay files for $100 million IPO
(Reuters) - Hotel chain Extended Stay America Inc has filed with regulators to raise up to $100 million in an initial public offering less than three years of emerging from bankruptcy protection.
China upstart Qihoo 360 in talks to buy Sohu's search engine
BEIJING (Reuters) - Qihoo 360 Technology Co said it is in early talks with Sohu.com Inc to buy its Sogou search engine, a deal estimated to be worth up to $1.4 billion and which would help the upstart command a quarter of China's search market.
FTC approves GE purchase of Avio's aviation business
WASHINGTON (Reuters) - General Electric won U.S. antitrust approval for its $4.3 billion bid for Italian plane components maker Avio's aviation business, the Federal Trade Commission said on Friday.
Top U.S. funeral chain deal expected to get antitrust nod
WASHINGTON (Reuters) - Service Corp International , the biggest U.S. funeral services company which has bought up rivals for two decades, is likely to get approval from antitrust officials for its bid to acquire the No. 2 chain, Stewart Enterprises Inc, antitrust experts told Reuters.
Exclusive: Buyout firm GTCR looks to sell Six3 Systems - sources
(Reuters) - Buyout firm GTCR LLC is exploring a potential sale of Six3 Systems Inc, which provides intelligence services to national security and defense agencies, and hopes to fetch as much as $1 billion, four people familiar with the matter said on Friday.
U.S. economic growth gauge rises to highest since April 2011: ECRI
NEW YORK (Reuters) - A measure of future U.S. economic growth strengthened in the latest week to its highest in more than two years, while the annualized growth rate also edged higher, a research group said on Friday.
Exports to U.S. will compensate for weak China: German trade group
BERLIN (Reuters) - German exporters believe the strength of the U.S. economy will more than compensate for China's relative weakness in terms of demand for German products, the head of Germany's BGA trade association told Reuters on Friday.
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