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Tuesday, December 24, 2013

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12/24/2013
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
BlackBerry deal bolsters Foxconn's makeover gambit
TAIPEI/SAN FRANCISCO (Reuters) - Foxconn's BlackBerry Ltd deal marks the Taiwanese firm's biggest step up the value chain - a chance to not just assemble smartphones, but help design them, too.
Exclusive: Carlyle near deal to buy J&J diagnostics unit - sources
NEW YORK (Reuters) - Private equity firm Carlyle Group LP is nearing an agreement to acquire Johnson & Johnson's ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion.
Carlyle sells stake in Turkish hospital group Medical Park
ISTANBUL (Reuters) - Turkish hospital chain Medical Park's shareholders including U.S. private equity firm Carlyle signed a deal to sell a majority stake in the chain to Turkish buyout firm Turkven, Can Deldag, co-head of Carlyle MENA Partners said on Tuesday.
South Africa pension fund strengthens hand in Adcock bid battle
JOHANNESBURG (Reuters) - South Africa's state pension fund has increased its stake in Adcock Ingram to over 22 percent, putting the asset manager in a strong position to block a $1.2 billion takeover of the drugmaker by Chile's CFR Pharmaceuticals .
Jos. A. Bank rejects Men's Wearhouse takeover offer
(Reuters) - Jos. A. Bank Clothiers Inc has rebuffed a $1.5 billion takeover bid by Men's Wearhouse Inc , prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers.
Apple, China Mobile sign long-awaited deal to sell iPhones
NEW YORK/BEIJING (Reuters) - Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world's biggest network of mobile phone users.
Singapore's GIC buys Blackstone out of Broadgate deal
LONDON (Reuters) - Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds ($2.8 billion).
Italy's Generali sells entire Pirelli stake
MILAN (Reuters) - Assicurazioni Generali has sold its entire 4.8 percent stake in tire maker Pirelli , as the company carries on with asset disposals to focus on its core insurance business.
Morgan Stanley to sell India mutual funds assets to HDFC
MUMBAI (Reuters) - Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life , becoming the latest foreign asset manager to quit India.
Seagate to buy Xyratex to add test equipment business
(Reuters) - Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives.
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