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Thursday, July 19, 2012

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07/19/2012
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
Georgia Gulf to buy PPG's commodity chemicals business in $2.1 billion deal
(Reuters) - Chemical company Georgia Gulf reached a $2.1 billion deal to absorb PPG Industries Inc's commodity chemicals business, nearly doubling its size and making it one the largest players in the sector.
Veolia sells U.S. waste unit to Highstar for $1.9 billion
PARIS/BANGALORE (Reuters) - Veolia Environnement is selling its U.S. waste management arm to infrastructure fund Highstar Capital for $1.9 billion, marking another step forward in the French company's efforts to cut debt and shifting attention to the planned sale of its transport business.
Lloyds rejected higher NBNK offer for branches: source
LONDON (Reuters) - Lloyd's Banking Group accepted an offer for 632 of its branches from mutually-owned Co-operative after rejecting a far higher bid from rival suitor NBNK , an industry source said on Wednesday.
US Airways lays regulatory groundwork for possible merger
WASHINGTON (Reuters) - US Airways Group has been laying the regulatory and political groundwork for a potential merger with American Airlines and would prefer to cement a bid while its rival is in bankruptcy, US Airways Chief Executive Doug Parker said.
Finmeccanica says signs $850 million contracts in Israel deal
MILAN (Reuters) - Italian aerospace and defense company Finmeccanica said on Thursday it had signed contracts for about $850 million as part of a previous agreement between the Italian and Israeli governments.
Lloyds branch sale turns Coop into challenger bank
LONDON (Reuters) - Lloyds Banking Group has agreed to sell 632 branches to the Co-operative, a deal mandated by regulators in an effort to boost competition in British banking while preventing Lloyds from benefiting unfairly from its state bailout four years ago.
Torm shares leap on report of imminent debt deal
COPENHAGEN (Reuters) - Shares in troubled Danish shipping firm Torm surged more than 60 percent on Thursday after a newspaper said the company is close to reaching a deal with banks on its $1.9 billion of debt.
Exclusive: Manchester United set to kick off IPO
NEW YORK, July 18 (IFR) - Soccer powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK.
Exclusive: United Tech in talks to sell Rocketdyne to GenCorp - sources
WASHINGTON (Reuters) - United Technologies Corp is in final discussions to sell its Rocketdyne business to GenCorp Inc , a maker of aerospace propulsion systems, two people familiar with the matter said on Wednesday.
Chasing Temasek, China's CIC explores broader investing role
HONG KONG (Reuters) - China Investment Corp is pumping billions of dollars into private equity firms in a move meant to boost returns at the sovereign wealth fund, with an eye on taking a more active role on dealmaking.
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