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Thursday, June 21, 2012

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06/21/2012
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
France Tel wants to keep stake in UK venture -CEO
MARSEILLE, France (Reuters) - France Telecom wants to keep its stake in British joint venture Everything Everywhere, though it would consider an offer that "makes sense", the French group's chief executive said on Thursday.
Adidas CEO says not interested in Nike's Umbro
WARSAW (Reuters) - Adidas is not interested in buying soccer brand Umbro from owner Nike , the German sportswear group's chief executive said on Thursday.
Cabot to buy Dutch company Norit for $1.1 billion
(Reuters) - Chemicals maker Cabot Corp said it will buy activated carbon manufacturer Norit NV for $1.1 billion as it moves its focus to higher-margin specialty chemicals.
Universal Music uses star power for merger hearing
WASHINGTON (Reuters) - Universal Music Group is trotting out a roster of big-name allies as it makes its case on Thursday before U.S. lawmakers for its much-criticized deal to buy a chunk of rival EMI.
Blackstone to sell Kloeckner Pentaplast: sources
LONDON/FRANKFURT (Reuters) - Blackstone Group LP is set to announce the sale of its debt-laden German plastic films group Kloeckner Pentaplast to hedge fund SVP and junior lenders, three people familiar with the matter said.
Peugeot examining impact of GM on BMW hybrid alliance
PARIS (Reuters) - France's PSA Peugeot Citroen said Thursday it was examining the impact of its alliance with General Motors on their project with BMW to make hybrid cars.
Cypress raises offer for Ramtron to $94.6 million
(Reuters) - Cypress Semiconductor Corp raised its offer price for smaller rival Ramtron International Corp to $94.6 million.
Xstrata puts PNG copper stake on the block
SYDNEY/MELBOURNE (Reuters) - Global miner Xstrata Plc has put up for sale a stake in the Frieda River copper project in Papua New Guinea, potentially worth more than $2 billion, as part of a review of its development projects worldwide.
Gazit-Globe to take Gazit America private
(Reuters) - Israel-based real estate company Gazit-Globe Ltd said it plans to take Gazit America Inc private for $7.32 per share, valuing the company at about $170.6 million.
Saudi Aramco, Sumitomo to sign Rabigh deals soon-sources
KHOBAR, Saudi Arabia (Reuters) - State oil giant Saudi Aramco and Japan's Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said.
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