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Wednesday, July 18, 2012

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07/18/2012
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
Dealtalk: Surge in biotech deals to unlock big investor profits
NEW YORK (Reuters) - Large investors in U.S. biotech companies are likely to capture serious windfall profits as deal activity picks up in the sector.
Fresenius mulls new ways to control Rhoen: sources
FRANKFURT (Reuters) - Fresenius is mulling new ways it can take control of German hospital operator Rhoen-Klinikum after its initial takeover attempt faltered, four industry and financial sources told Reuters on Wednesday.
Olin Corp to buy chemical company for $328 million
(Reuters) - Chemical and ammunition maker Olin Corp said it will buy privately held K.A. Steel Chemicals Inc for $328 million in cash to increase its sales of bleach, hydrochloric acid and potassium hydroxide.
AMR merger would strengthen its oneworld partners: IAG chief
WASHINGTON (Reuters) - A potential merger between American Airlines and US Airways would strengthen, not harm, its partners British Airways and Iberia, the European airlines group's chief said on Tuesday.
Exclusive: Silicon Valley startup, Workday, quietly files for IPO - sources
ASPEN, Colorado (Reuters) - Workday Inc has filed confidentially for an initial public offering, several sources told Reuters, putting the Silicon Valley business software company on track for the largest market debut since Facebook Inc's problem-ridden May coming-out party chilled demand for U.S. IPO's.
Nabors says profit to miss Wall Street, adds "poison pill"
(Reuters) - Nabors Industries Ltd said quarterly profits would fall short of estimates, hurt by tough competition and weaker demand for shale gas services, but it also adopted provisions for a potential takeover battle.
Stanley Black & Decker cuts forecast, mulls unit sale
(Reuters) - Tool maker Stanley Black & Decker Inc cut its full-year forecast after lower volumes at its high-margin security and industrial segments and a stronger dollar put pressure on second-quarter earnings.
Ascendas unit cuts Singapore IPO after dropping asset
HONG KONG (Reuters) - Ascendas Hospitality Trust cut the size of its planned Singapore initial public offering (IPO) by 13 percent on Wednesday after being forced to strip a South Korean hotel from its portfolio in a blow to already fragile sentiment for new listings in Asia.
Books-A-Million says Anderson family withdraws buyout offer
(Reuters) - Books-A-Million Inc said its largest shareholder group the Anderson family has withdrawn its non-binding offer to take the company private.
Nasdaq, Facebook diverge over IPO lawsuits
(Reuters) - Nasdaq OMX Group Inc and investors who sued the exchange operator over Facebook Inc's $16 billion initial public offering have asked a judicial panel to keep their dispute separate from dozens of related shareholder lawsuits.
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