| | (Reuters) - Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday, saying the world's largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March. | |  | | | TOKYO (Reuters) - Sony Corp and Panasonic Corp are in talks to develop the technology to mass produce next-generation OLED televisions, sources close to the matter said on Tuesday, but may already be running to catch up with South Korean rivals in a technology widely seen replacing current LCD TVs. | | | | | | NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc has raised the price range on its initial public offering to $34 to $38 a share in response to strong demand, a source familiar with the situation said, giving the No.1 social network a valuation exceeding $100 billion. | | | | | | DUBAI, MAY 15 - Dana Gas Co said it wanted to find a consensual deal to repay the remainder of a $1 billion Islamic bond maturing in October, and confirmed it had hired advisers to weigh up various options for the repayment. | | | | | | BEIJING (Reuters) - News Corp has agreed to buy a stake in Chinese movie distributor Bona Film Group Ltd, becoming the latest U.S. media company to expand into China's booming movie market. | | | | | | SYDNEY (Reuters) - Australian gas pipeline owner Hastings Diversified Utilities Fund received a $1.25 billion takeover offer from a consortium including a Canadian fund manager On Tuesday, setting up a bidding war against APA Group . | | | | | | HONG KONG (Reuters) - Macquarie Group , U.S.-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be worth around $500 million to $600 million, said sources familiar with the matter. | | | | | | HOUSTON/NEW YORK (Reuters) - Chesapeake Energy Corp's increasing shift from bank loans to costly funding is raising fresh questions about how long the spigot of cash will remain open and whether the company can sell enough assets quickly enough to pay for day-to-day operations. | | | | | (Reuters) - The lead labor negotiator for AMR Corp pilots said a merger between AMR and competitor US Airways could save $130 million a year in cuts to bankrupt airline's pilots' union. | | | | | | MELBOURNE (Reuters) - Australian underwear manufacturer Pacific Brands said takeover talks with suitors including KKR & Co have ended without an offer being made, sending its shares down nearly 10 percent, as the dour retail outlook put off buyers. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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