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Wednesday, January 1, 2014

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01/1/2014
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
America Movil's mega share buyback seen continuing into 2014
MEXICO CITY (Reuters) - Latin American phone giant America Movil spent $5.4 billion this year propping up its share price and more buybacks are likely with new regulation and lingering uncertainty over its money-losing European investments, analysts said.
India cancels AgustaWestland helicopter deal: source
NEW DELHI (Reuters) - India has cancelled its scandal-hit $770 million helicopter deal with AgustaWestland, part of Italian defense group Finmeccanica , a senior defense ministry official told Reuters on Wednesday.
China's largest auto parts company makes last-minute Fisker bid
(Reuters) - China's largest auto parts company made a surprise bid for Fisker Automotive just days before the bankrupt maker of the Karma plug-in hybrid sports car was to be sold to a Hong Kong tycoon, according to court documents.
Buyout kings seek U.S. partnerships as deal prices rise
NEW YORK (Reuters) - Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive.
Apollo's failed deal for Cooper sows doubt on future Indian M&A
MUMBAI (Reuters) - The ambition from Indian mid-sized companies for large debt-fuelled acquisitions abroad was dealt a major setback after the unraveling of a $2.5 billion bid by India's Apollo Tyres Ltd to buy Cooper Tire & Rubber Co .
Nasdaq to acquire 5 percent in Borsa Istanbul
ISTANBUL (Reuters) - Nasdaq OMX Group will take a 5 percent stake in Turkey's Borsa Istanbul in a tie-up that will allow the Turkish exchange to use Nasdaq's market technologies to attract new customers, the two exchanges said on Tuesday.
Daniel Loeb's Third Point takes less than 5 pct stake in Hertz-CNBC
(Reuters) - Activist investor Daniel Loeb's Third Point Capital LLC has taken a stake of less than 5 percent in Hertz Global Holdings Inc , the second largest U.S. car rental company, CNBC reported.
Stryker to buy Patient Safety Technologies for $120 million
(Reuters) - Stryker Corp said it would buy Patient Safety Technologies Inc for $120 million to gain access to Patient Safety's device to reduce the risk of surgical sponges being left in patients after surgery.
Berkshire Hathaway to buy Phillips 66 unit for around $1.4 billion
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock.
Carlos Slim private equity fund sells stake in pharma company
MEXICO CITY (Reuters) - Billionaire businessman Carlos Slim's private equity fund has sold its stake in Mexican pharmaceutical company Landsteiner Scientific to a fund related to that company.
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