  | | | | HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd will hold the kickoff meeting for its planned U.S. initial public offering on March 25, setting in motion the most high-profile listing since Facebook Inc's offering nearly two years ago, sources familiar with the plans said on Tuesday. | | |  | | | | (Reuters) - Hertz Global Holdings Inc said it would spin off its equipment rental business, aiming to raise $2.5 billion to repay debt and focus on its car rental business. | | | |  | | | | STOCKHOLM (Reuters) - Scania board members responsible for assessing a bid by Volkswagen for outstanding shares in the truckmaker said on Tuesday the offer was too low, and recommended that shareholders reject it. | | | |  | | | | PARIS (Reuters) - Societe Generale , France's No. 2 listed bank, said it would offer to buy out minority holders of its online bank brand Boursorama , a move designed to increase its presence in a growth sector as high street banking declines. | | | | | | MOSCOW (Reuters) - Billionaire Alisher Usmanov cemented his control over social media in Russia on Tuesday, increasing his ownership of the country's biggest networking site VKontakte in a deal that helps the Kremlin tighten its grip on the media. | | | | | | TAIPEI (Reuters) - Cathay Financial Holdings , whose insurance arm manages about T$2 trillion ($66.7 billion) in client assets, said on Tuesday it is looking at overseas acquisition opportunities and opening banking subsidiaries in China with the T$50 billion it will raise this year. | | | | | | SEOUL/HONG KONG (Reuters) - Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino - a key boost for a company that has largely missed out on the region's boom in gambling revenues. | | | |  | | | | SYDNEY (Reuters) - David Jones Ltd , Australia's second-biggest department store chain, said it will investigate the value of a proposed merger with Myer Holdings Ltd , the strongest sign yet that it will consider the A$3.4 billion ($3.09 billion) deal. | | |  | | | | SYDNEY (Reuters) - Macquarie Group Ltd , Australia's top investment bank, has agreed to sell its private equity funds management division to the unit's three managers, a source with direct knowledge of the deal told Reuters on Tuesday. | | |  | | | | | LONDON (Reuters) - Vodafone has agreed to buy Spain's largest cable operator Ono for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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