Deals Today

Click to View in Browser 06/6/2012 News Corp buys Disney stake in Asian sports JV (Reuters) - Rupert Murdoch's News Corp has bought out Walt Disney Co's 50 percent stake in Asian joint venture ESPN STAR Sports (ESS) for an undisclosed sum, the two companies said on Wednesday, ending a 16-year partnership in the region. Panasonic to provide Olympus with up to 50 billion yen in capital: Kyodo TOKYO (Reuters) - Panasonic Corp is making final arrangements to provide up to 50 billion yen ($635 million) in capital to scandal-hit Olympus Corp, Kyodo news agency reported on Wednesday, a move that will make Panasonic the company's top shareholder. South Africa's Absa, Edcon in $1.18 billion store card deal JOHANNESBURG (Reuters) - Absa , the South African unit of Britain's Barclays Plc , will pay 10 billion rand ($1.18 billion) to buy the private label store card portfolio in South Africa of clothing and footwear retailer Edcon, the companies said on Wednesday. China Nuclear plans IPO to help fund projects worth $27 billion SHANGHAI (Reuters) - China National Nuclear Power Co, the country's biggest nuclear power developer, plans to raise money to help fund projects worth $27.3 billion via what could be one of China's biggest initial public offerings. Home Depot increases share buyback plan, reaffirms outlook (Reuters) - Home Depot Inc on Wednesday expanded its share buyback plan for the year by $500 million and reaffirmed its full-year outlook. Lockheed wins $19 million order for F-22 backup oxygen WASHINGTON (Reuters) - The U.S. Air Force on Tuesday awarded Lockheed Martin Corp a contract to retrofit 40 F-22 fighter aircraft with an automatic backup oxygen supply after some pilots experienced oxygen deprivation when flying the supersonic plane. Thou shalt not launch IPOs, China tells temples SHANGHAI (Reuters) - Buddhist and Taoist temples have no right to go public and list shares on stock exchanges, a Chinese official was quoted in state media as saying of an issue that seems to have touched a nerve with the officially atheist government. Hon Hai chief says deal to buy Sharp shares is good value: TV TAIPEI (Reuters) - The chairman of Apple Inc's major supplier Hon Hai Precision Industry Co was quoted as saying on Wednesday that a deal to buy shares of Japan's Sharp Corp was a good value. Qatar buys building on Champs Elysees - report PARIS (Reuters) - The Qatar Investment Authority has bought a flagship retail complex on the exclusive Champs Elysees avenue in Paris from French insurance firm Groupama for more than 500 million euros ($623.20 million), French daily Les Echos said on Wednesday. RBC says more study on fees needed in TMX deal TORONTO (Reuters) - Royal Bank of Canada, the country's biggest lender, wants regulators to tighten rules on trading, clearing and settlement fees as part of any deal to approve the Maple Group's proposed C$3.8 billion ($3.7 billion) takeover of the Toronto Stock Exchange operator. Related Video Asmussen: ECB needs a 10 year plan for Europe Breakingviews: Europe needs to sort its prorities out Related News Two Fed officials cool to more easing Service sector picks up modestly in May: ISM 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