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Click to View in Browser 05/22/2012 Qantas to separate international business in turnaround plan SYDNEY (Reuters) - Qantas Airways is separating its loss-making international business from its profitable domestic operations, and assigning the boss of its frequent-flyer division, the airline's No.2 money spinner, to turn around the ailing global segment. Glencore takes control of Mutanda with $480 million deal LONDON (Reuters) - Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of the mine with its nearby Kansuki concession. BlackRock, investors buy $1.6 billion stake in F1: sources SINGAPORE/HONG KONG (Reuters) - Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday. Accor to sell Motel 6 to Blackstone for $1.9 billion PARIS (Reuters) - Accor is to sell its troubled U.S. budget hotel business for $1.9 billion to private equity group Blackstone , in an expected move by the French hotel group to focus on growth outside the United States. Unipol takes step towards Italian insurance merger MILAN (Reuters) - Italy's Unipol took a step towards a complex merger to create the country's second-biggest insurer, as market regulator Consob signaled it would not require it to launch a costly tender bid for troubled peer Fondiaria-SAI . Dealtalk: RWE DEA assets face hard sell FRANKFURT (Reuters) - RWE's sale of assets from its oil and gas exploration unit DEA may prove complicated but could fetch up to 1.25 billion euros ($1.6 billion) and ease the pain of a fast-track nuclear exit by Germany's No.2 utility. KB Financial says bid for ING's South Korea insurance business SEOUL (Reuters) - South Korean bank holding firm KB Financial Group has submitted a bid for ING Groep NV's South Korean life insurance business, KB Chairman and Chief Executive Officer Euh Yoon-dae said on Tuesday. Warburg leads $32 million investment in Indian online firm MUMBAI (Reuters) - U.S. private equity firm Warburg Pincus along with existing investors have pumped $32 million in fresh funds into Indian online classifieds firm Quickr, the e-commerce company said on Tuesday. Outlook black for Yellow Pages group Yell (Reuters) - Phone directories company Yell Group acknowledged the depth of its financial distress on Tuesday as it struggles with a dying core business and over 2 billion pounds worth of debt, much of which it must repay in two years time. Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Related Video Breakingviews: Chinese dotcoms worth a look OECD Padoan: Global economy worse now than 5 years ago Related News Citigroup says cautious on U.S. small-, mid-cap cos Exclusive: U.S. lets China bypass Wall Street for Treasury orders 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend