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Thursday, May 1, 2014

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05/1/2014
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
Pfizer's designs on AstraZeneca stir tax envy among rivals
NEW YORK (Reuters) - Rumors about a massive healthcare deal were circulating in industry circles, months before Pfizer Inc disclosed its $100 billion pursuit of Britain's AstraZeneca Plc, according to several industry bankers and lawyers.
Viacom expands in Britain, buying Channel 5
(Reuters) - U.S. media company Viacom Inc said it will buy British free-to-air TV broadcaster Channel 5 from media baron Richard Desmond for 450 million pounds ($760 million) to expand in the United Kingdom.
AT&T has approached DirecTV about takeover: WSJ
(Reuters) - AT&T Inc has approached DirecTV about a possible purchase of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation.
Rivals poach Publicis, Omnicom clients, staff as merger faces snags
LONDON/NEW YORK/PARIS (Reuters) - Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their merger on track.
Sprint moves ahead with T-Mobile bid plan: sources
(Reuters) - Sprint Corp is meeting with banks to work out funding for its bid for smaller rival T-Mobile US Inc, a source familiar with the situation said, as the mobile carrier works to ease regulatory concerns that the deal would hurt competition.
France's Danone to buy New Zealand milk powder plant
WELLINGTON (Reuters) - France's Danone SA will buy milk formula processing and packing factories in New Zealand to replace supply lost by terminating contracts with the Fonterra dairy cooperative following a food safety scare last year.
British property consultancy Savills to buy US firm for $260 million
(Reuters) - British property consultant Savills Plc said it would buy U.S.-based commercial real estate services firm Studley Inc for up to $260 million to expand in North America.
Exclusive: Merck explores $15 billion-plus drug portfolio sale
NEW YORK/LONDON (Reuters) - Merck & Co Inc is considering selling a big portfolio of mature drugs that could fetch more than $15 billion, according to people familiar with the matter, as the U.S. drugmaker continues to streamline businesses to focus on high-growth areas.
Exelon to become top U.S. power distributor with Pepco buy
(Reuters) - Exelon Corp said it would buy Pepco Holdings Inc for $6.83 billion, helping it overtake Duke Energy Corp as the biggest power distribution company in the United States.
GE's Alstom bid shows limits of French state intervention
PARIS (Reuters) - General Electric's overtures to the power business of France's former industrial beacon Alstom have shown again how the French state, for all its interventionist zeal, has limited room for maneuver against big business.
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