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Friday, May 4, 2012

Deals Today

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05/4/2012
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
Argentina nationalizes oil company YPF
BUENOS AIRES (Reuters) - Argentina's Congress nationalized the country's biggest oil company, YPF, by an overwhelming lower house vote on Thursday that underscored broad popular support for a measure that threatens to scare off foreign investment.
U.S. sees reform push in China moves on brokerage JVs
BEIJING (Reuters) - China will raise foreign ownership limits in domestic joint venture securities firms and allow them to trade commodities and financial futures in a move to further liberalize the country's capital markets, a senior U.S. official said.
Exclusive: Shell, PetroChina JV Australia LNG faces big cost overrun
HONG KONG/PERTH (Reuters) - The cost of Royal Dutch Shell and PetroChina's Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project said on Friday.
SK hynix drops bid for Japan's Elpida, shares jump
SEOUL (Reuters) - SK hynix dropped its bid for bankrupt Japanese semiconductor maker Elpida Memory Inc, sending shares of the South Korean chipmaker to a two-week high.
Veolia makes headway in asset sale plans
PARIS (Reuters) - Veolia Environnement is making progress in its plans to sell assets as part of an overhaul, continuing exclusive talks to sell its transport business and announcing indicative offers for its UK regulated water and U.S. solid waste activities.
GeoEye offers to buy DigitalGlobe for $792 million
(Reuters) - Satellite imagery company GeoEye Inc offered to buy rival DigitalGlobe Inc for $792 million in a cash-and-stock deal that would create the world's largest fleet of commercial imagery satellites.
RLPC-Four groups left on E.ON's gas network sale
LONDON (Reuters) - Final bids are due on May 9 for E.ON's 3 billion euro ($3.95 billion) sale of its open gas distribution network after bidders complete due diligence checks, banking sources said on Thursday.
United puts final touches on major Boeing 737 order: sources
WASHINGTON (Reuters) - United Airlines is putting the finishing touches on an order for at least 100 Boeing Co 737 narrowbody jets potentially worth $10 billion at list prices, industry sources said on Thursday.
Facebook plans to raise $10.6 billion in mega IPO
SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's.
BMW, Hyundai in alliance talks on engines: source
SEOUL (Reuters) - German premium carmaker BMW and South Korea's Hyundai Motor are discussing a possible tie-up in engine development and other areas, a source who has direct knowledge of the matter told Reuters.
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