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Wednesday, April 2, 2014

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04/2/2014
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
Renesas in talks with Apple, others on sale of display chip unit: source
TOKYO (Reuters) - Renesas Electronics Corp is talking with Apple Inc and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar with the matter.
China's COFCO to pay $1.5 billion for stake in Noble's agribusiness
SINGAPORE/HONG KONG (Reuters) - COFCO Corp. has agreed to pay $1.5 billion for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.
Three banks offer $4.95 billion bridge loan for OCBC's Wing Hang deal: sources
HONG KONG/SINGAPORE (Reuters) - Three banks are providing a fully underwritten $4.95 billion bridge loan to Singapore's Overseas-Chinese Banking Corp Ltd (OCBC) to fund its offer to buy Hong Kong-based Wing Hang Bank, according to sources close to the matter.
VW says agrees with Swedish unions over job security at Scania
BERLIN (Reuters) - Volkswagen agreed with Swedish labor unions to grant full job security to workers at truckmaker Scania, which the German automotive group is seeking to acquire.
Bouygues says Vivendi can choose between its SFR bids
PARIS (Reuters) - French conglomerate Bouygues will let Vivendi choose between its two offers for telecoms business SFR, as it tries to muscle back into a 15-billion-euro ($21 billion) battle with favored bidder Numericable.
China's ICBC considers bid for Unicredit's Pioneer fund arm: source
HONG KONG (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC) is considering a bid for Pioneer Investments, one of Europe's biggest money managers, according to a person familiar with the matter.
Goldman to sell designated market-maker unit to IMC: reports
(Reuters) - Goldman Sachs Group Inc is in the process of selling its "designated market-maker" unit, people familiar with the matter told the Financial Times on Tuesday.
Brazil watchdog lifts suspension of Oi offer, paves way for merger
NEW YORK/SAO PAULO (Reuters) - Brazil's securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA's 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications company's merger with Portugal Telecom SGPS SA.
Renesas has talked with Apple, others on chip unit sale: source
TOKYO (Reuters) - Japan's Renesas Electronics Corp has talked with several companies, including Apple Inc, on a possible sale of its display chip design unit, a source familiar with the situation said on Wednesday.
Kyushu Electric seeks $970 million capital injection from Japan: source
TOKYO (Reuters) - Kyushu Electric Power Co is in talks with state-owned Development Bank of Japan for a capital infusion, a source with knowledge of the matter told Reuters on Wednesday, making it the second utility this week to seek government support.
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