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Wednesday, February 19, 2014

Daily Investor Briefing: Exclusive: Bayer, Novartis, others...

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02/19/2014
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
Exclusive: Bayer, Novartis, others eye Merck's consumer health unit - sources
NEW YORK/LONDON (Reuters) - A handful of consumer and healthcare companies including Bayer AG and Novartis are exploring a deal for Merck & Co Inc's consumer healthcare business, as they seek to gain scale in a fragmented industry, according to several people familiar with the matter.
Tesla fourth-quarter profit before items tops Street
(Reuters) - Tesla Motors Inc , led by billionaire entrepreneur Elon Musk, posted better-than-expected results on Wednesday on strong demand for the Model S electric car.
Cold weather sinks U.S. home building in January
WASHINGTON (Reuters) - U.S. housing starts recorded their biggest drop in almost three years in January as harsh weather disrupted activity, but the third month of declines in permits hinted at some weakness in the housing market.
Wall St. ends lower after late selloff on Fed view
NEW YORK (Reuters) - Stocks fell on Wednesday in a late selloff as minutes of the U.S. Federal Reserve's latest policy-setting meeting indicated that stimulus will continue to be trimmed unless there is a big economic surprise.
BofA $8.5 billion deal to go forward; AIG loses bid to delay
NEW YORK (Reuters) - A New York state judge declined to delay court approval of Bank of America Corp's $8.5 billion settlement with investors in mortgage-backed securities, rejecting a move by American International Group Inc .
Bankers ready £5 billion debt financing for Morrisons sale
LONDON (Reuters) - Bankers are working on debt financing packages of around 5 billion pounds ($8.35 billion) to back a potential sale of British supermarket chain Wm Morrison Supermarkets to private equity funds, banking sources said on Wednesday.
Google prepares 34-city push for ultra-fast Fiber service
SAN FRANCISCO (Reuters) - Google Inc is exploring a major expansion of its super-fast "Fiber" TV and Internet service, which could extend the nascent network to 34 more U.S. cities and pose a competitive threat to home broadband providers.
Lululemon rejects allegation it misled shareholders
NEW YORK (Reuters) - Lululemon Athletica Inc says its nearly year-long struggle with bad publicity linked to slowing growth and a messy product recall did not reflect any corporate intent to defraud shareholders, and that an expanded lawsuit suggesting otherwise should be thrown out of court.
Nespresso takes aim at Green Mountain's Keurig with big-cup brewer
BOCA RATON, Florida (Reuters) - Nespresso is launching a new single-serve coffee brewer that makes larger American-sized portions, putting its Swiss parent Nestle in direct competition with U.S. market leader Green Mountain Coffee Roasters .
Spain to discuss change in Panama Canal project guarantee-sources
MADRID (Reuters) - A Spanish government working group will discuss changing the status of a state-backed guarantee given to builder Sacyr to secure a contract to widen the Panama Canal on Thursday, two sources with knowledge of the matter said.
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