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Tuesday, June 26, 2012

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06/26/2012
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
Microsoft to buy Yammer for $1.2 billion
SEATTLE (Reuters) - Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers.
EU regulators approve Robert Bosch buy of SPX unit
BRUSSELS (Reuters) - Germany's Robert Bosch GmbH gained EU approval on Tuesday to purchase the car service business of U.S. manufacturer SPX Corp for $1.15 billion.
BP sells stakes in North Sea fields for $280 million
LONDON (Reuters) - British oil major BP said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui for $280 million, as part of a plan to focus its portfolio in the region on larger scale projects.
Arrow Electronics wins EU okay for Altimate buy
BRUSSELS (Reuters) - U.S. technology distributor Arrow Electronics secured EU regulatory clearance on Tuesday to buy French-based computing product distributor Altimate for 48.1 million euros ($60 million).
Genting seeks to raise stake in Australia's Echo: regulator
SYDNEY (Reuters) - Malaysia's Genting Group is seeking to increase its stake in Australian casino company Echo Entertainment Group above the 10 percent threshold, a state regulator said on Tuesday.
Falkland Oil & Gas names Edison as new partner
LONDON (Reuters) - Britain's Falkland Oil & Gas said Italian utility Edison was its new partner, bringing in a large, non-British company to help it look for oil in the UK-governed Falkland Islands, where exploration has angered Argentina.
AB InBev in talks to buy Mexico's Modelo
BRUSSELS/LONDON (Reuters) - Anheuser-Busch InBev SA's interest in buying the rest of Mexico's Grupo Modelo on Monday warmed investors eager to see fresh consolidation in the global beer market.
Duke Energy, Progress accept FERC conditions
(Reuters) - Utility companies Duke Energy Corp and Progress Energy said they had accepted the conditions set by the federal regulators related to their proposed $13.7 billion merger.
Investors eye increased Shell bid for Cove
LONDON (Reuters) - Shareholders are betting Shell will up the stakes in a bid battle for explorer Cove Energy after Thailand's PTT Exploration and Production extended the deadline for investors to accept its $1.9 billion offer.
Exclusive: Dell bids $2.32 billion for Quest Software: source
(Reuters) - Quest Software Inc has received an improved bid from Dell Inc to buy the maker of enterprise management software for about $2.32 billion, a source close to the matter said on Monday.
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