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Monday, March 26, 2012

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03/26/2012
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
Roche digs in as extends Illumina bid again
ZURICH (Reuters) - Roche Holding AG on Monday extended its $5.7 billion cash bid for gene decoder Illumina for a second time as the Swiss drugmaker sticks to its tried and tested M&A strategy of playing a long game.
Yahoo names three new independent directors to board
NEW YORK (Reuters) - Yahoo Inc has appointed three new independent directors as it prepares for a proxy fight with activist hedge fund investor Daniel Loeb.
Singapore's Swiber wins $273 million Gulf of Mexico contract
SINGAPORE (Reuters) - Singapore offshore services firm Swiber Holdings Ltd said on Monday it had secured a $273 million contract in the Gulf of Mexico.
China Eastern expects JV with Qantas to make profit in third year
HONG KONG (Reuters) - China Eastern Airlines Corp Ltd , the country's third largest airline by market value, said on Monday that it expects its joint venture with Australia's Qantas Airways Ltd to be profitable in the third year.
Nigeria says GE to invest $10 billion in power plants
ABUJA (Reuters) - General Electric has signed a memorandum of understanding with Nigeria to invest $10 billion in new power plants, in which it will take a 10-15 percent equity stake, a power ministry spokesman told Reuters.
Deripaska ready to buy RUSAL's Norilsk stake: source
MOSCOW (Reuters) - Russian tycoon Oleg Deripaska is ready to buy RUSAL's 25 percent blocking stake in Norilsk Nickel to resolve a shareholder dispute at the world's largest aluminium producer, a source close to the RUSAL board said on Monday.
Akbank falls on uncertainty over Citi stake sale
ISTANBUL (Reuters) - Shares in Turkey's Akbank fell nearly five percent on Monday after Citigroup said it plans to reduce its stake to below 10 percent from 20 percent, with uncertainty over the sale method and purchaser weighing on the stock.
Elliott urges Ally against ResCap bankruptcy
NEW YORK (Reuters) - Hedge fund Elliott Management sent a letter to Ally Financial's board last week saying a bankruptcy filing for its mortgage subsidiary would trigger a protracted legal battle against the lender and make its proposed public offering "nearly impossible" for several years.
Contract Research Solutions seeks bankruptcy protection
(Reuters) - U.S. clinical research firm Contract Research Solutions Inc, also known as Cetero, filed for bankruptcy protection early on Monday, court filings show.
Kuwait to launch $2.5-$2.9 billion airport tender
KUWAIT (Reuters) - Kuwait will launch in coming weeks an initial tender for construction of a second terminal at its international airport, a project worth around 700 million to 800 million dinars ($2.5-$2.9 billion), state-run news agency KUNA said on Monday.
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