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Wednesday, August 1, 2012

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08/1/2012
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
Lowe's offers to buy Canada's Rona for C$1.8 billion
(Reuters) - Lowe's Cos , the world's No. 2 home improvement chain, wants to spend C$1.8 billion to buy Canadian competitor Rona Inc , but the struggling Canadian retailer publicly rejected the offer on Tuesday and said its own turnaround plan offered a better chance of success.
Google acquires social ad start-up Wildfire
(Reuters) - Google Inc said on Tuesday it acquired marketing start-up Wildfire to help the world's largest Internet search company expand further into social media.
Maple bid for TMX wins shareholder approval
TORONTO (Reuters) - The takeover of Canadian stock market operator TMX Group by a group of financial institutions has been approved by TMX's shareholders, bringing all of Canada's main securities exchanges under a single umbrella.
F&N in talks with Heineken for higher APB offer: sources
SINGAPORE/HONG KONG (Reuters) - Singapore conglomerate Fraser and Neave is in talks with Heineken seeking a higher offer for Asia Pacific Breweries (APB) , sources with direct knowledge of the matter said.
Exclusive: EmbanetCompass kicks off sale process - sources
NEW YORK (Reuters) - EmbanetCompass Group Inc, a provider of online higher education services backed by one-time "junk bond king" Michael Milken, has kicked off a sale of the company, asking prospective buyers to submit bids next week, people familiar with the matter said.
Iraq says to cancel Total's Halfaya oil contract
BAGHDAD (Reuters) - Iraq is working to cancel Total's share in the Halfaya oilfield after the French company announced it signed agreements to develop oil in autonomous Kurdistan, a senior Iraqi oil official said on Wednesday.
Hanlong says China approves $1.3 billion bid for Australia's Sundance
BEIJING (Reuters) - Hanlong Mining said China has approved its long-delayed $1.3 billion takeover bid for Australian iron ore developer Sundance Resources , a vote of confidence for a sector grappling with falling prices and weak demand as the global economy cools.
F&N in talks with Heineken for higher APB offer: sources
SINGAPORE/HONG KONG (Reuters) - Singapore conglomerate Fraser and Neave is in talks with Dutch brewer Heineken to extract a higher offer for Asia Pacific Breweries (APB) , sources said, in a sign that the battle for the Southeast Asian brewer is set to intensify.
Icahn to sell back MGM shares for $590 million, studio prepares IPO
(Reuters) - Billionaire investor Carl Icahn has agreed to sell his 25 percent stake in Metro-Goldwyn-Meyer back to the movie studio in a $589.6 million deal that clears the way for MGM's owners to proceed with a planned initial public offering.
Emirates says Qantas talks do not include revenue sharing
DUBAI (Reuters) - Emirates airline's planned alliance with Australia's struggling Qantas Airways does not include a revenue-sharing agreement, the chairman of the Dubai-based carrier said on Wednesday.
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