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Friday, May 25, 2012

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05/25/2012
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
BA-Japan Airlines joint business cleared
LONDON (Reuters) - British Airways-owner IAG said its joint business with Japan Airlines had received competition clearance, allowing the pair to cooperate commercially on flights between Europe and Japan.
NBC may buy Microsoft's MSNBC.com stake
(Reuters) - NBCUniversal is in talks to buy out Microsoft Corp's 50 percent stake in joint venture MSNBC.com, media reports said.
Shell may join Russia's Shtokman gas team: sources
MOSCOW (Reuters) - Royal Dutch Shell may join a Gazprom -led initiative to extract gas from the Arctic seabed off Russia's coast, several sources said, in an attempt to inject new impetus into the huge project delayed by years of talks over financing.
Akbank shares drop sharply after Citigroup sells stake
ISTANBUL (Reuters) - Shares in major Turkish lender Akbank dropped sharply on Friday after Citigroup said it had completed the sale of a 10.1 percent stake in Akbank at 5.24 lira per share, a level which analysts said offered good value.
China's Yitai Coal gets nod for up to $1.5 billion HK offer: IFR
HONG KONG (Reuters) - Chinese coal producer Inner Mongolia Yitai Coal will start pre-marketing next week its up to $1.5 billion Hong Kong stock offering after receiving approval from the local bourse, IFR reported on Friday, citing two sources with knowledge of the plans.
China auto dealer Zhongsheng buys 70 percent of German custom specialist
BEIJING (Reuters) - Zhongsheng Group Holdings Ltd , a major Chinese auto retailer, announced on Friday it has acquired a 70 percent stake in German vehicle-personalization specialist Carlsson Autotechnik GMBH to meet rising demand from wealthy Chinese car owners for custom bodies and souped-up engines.
Lehman to buy remaining Archstone stake for $1.58 billion
(Reuters) - Lehman Brothers Holdings Inc said it has bought the remaining 26.5 percent of apartment company Archstone that it doesn't already own from Barclays Capital and Bank of America Corp for $1.58 billion.
Takeda chases emerging market sales with Brazil buy
LONDON (Reuters) - Takeda Pharmaceutical , Japan's top drugmaker, is to buy Brazil's Multilab for up to 540 million Brazilian reals ($265 million) in a deal highlighting global drugmakers' appetite for emerging market sales.
Informa sells U.S. government contract business
(Reuters) - Informa plc has hived off its non-core Robbins Gioia division, a business that one analyst said had been troublesome for the British business media group.
Aramco, Sumitomo Chemical to go ahead with Rabigh II project
TOKYO (Reuters) - Saudi Aramco and Sumitomo Chemical have agreed to go ahead with the Rabigh II petrochemical project expansion worth about $7 billion, the Japanese company said in a statement on Friday.
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