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Wednesday, April 9, 2014

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04/9/2014
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
South Africa's Woolworths set to buy Australia's David Jones for $2 billion
SYDNEY (Reuters) - South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping a merger proposal from Australian rival Myer Holdings Ltd with a hefty premium.
Russian unit of Metro adds banks for IPO-sources
MOSCOW (Reuters) - The Russian unit of German retailer Metro now has four banks working on its delayed initial public offering, with Morgan Stanley and Citibank working alongside Goldman Sachs and Sberbank , three financial sources said.
Volvo puts partnership with Russian tank maker Uralvagonzavod on hold
STOCKHOLM (Reuters) - Sweden's Volvo , the world's second biggest truck maker, has put a partnership with Russian battle-tank maker Uralvagonzavod on hold due to increasing tensions between Ukraine and Russia, the truck maker said on Wednesday.
Comcast, Time Warner to face lawmakers on merger plan
WASHINGTON (Reuters) - Executives from Comcast Corp and Time Warner Cable Inc are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was announced in February.
Goldman, Warburg advance in China Huarong sale: sources
HONG KONG (Reuters) - Goldman Sachs Group and U.S. private equity firm Warburg Pincus are among the companies that have advanced to the next round of the sale process to buy a stake in China Huarong Asset Management Co Ltd, people familiar with the matter told Reuters.
Hotel chain La Quinta valued at $2.1 billion in IPO
(Reuters) - The initial public offering of La Quinta Holdings , owned by the Blackstone Group , was priced at $17 per share on Tuesday, valuing the hotel chain at about $2.1 billion
Melco Crown ready to invest $5 billion for Japan casino: Nikkei
(Reuters) - Melco Crown Entertainment will invest at least $5 billion to open a casino in Japan if the country lifts its ban on gambling resorts, The Nikkei said, citing an interview with the company's top executives.
Online news startup buys Anchorage Daily News from McClatchy
(Reuters) - A six-year-old online news startup has agreed to buy the Anchorage Daily News, the largest daily newspaper in Alaska, from the McClatchy Co for $34 million, the two companies announced on Tuesday.
Comcast defends Time Warner Cable deal as U.S. review kicks off
WASHINGTON/NEW YORK (Reuters) - Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets.
Exclusive: CESCO-Chile expects 2014 Codelco funding to top last year's
SANTIAGO (Reuters) - State copper producer Codelco should receive more government funds this year than Chile allocated for the world's No. 1 red metal miner in 2013, the country's mining minister told Reuters on Tuesday.
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