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Tuesday, August 7, 2012

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08/7/2012
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
Hon Hai in talks with Sharp over bigger stake, lower price
TAIPEI/TOKYO (Reuters) - Taiwan's Hon Hai Precision Industry said it was in talks with Sharp Corp about buying a bigger stake in the struggling Japanese TV maker and paying less per share as part of a renegotiated investment deal between the two Apple Inc suppliers.
Lenzing on lookout for acquisitions: CEO in paper
VIENNA (Reuters) - Austrian cellulose fibers group Lenzing AG is actively eyeing acquisitions and expects business conditions to improve next year, Chief Executive Peter Untersperger told a newspaper.
DreamWorks China JV to open $3.1 billion Shanghai theme park
SHANGHAI (Reuters) - DreamWorks Animation SKG Inc and its Chinese joint venture partners will open a theme park in Shanghai by 2016, with a total investment amount of 20 billion yuan ($3.14 billion), the companies said on Tuesday.
South Korean logistics firm may bid for U.S.-based Phoenix International
SEOUL (Reuters) - CJ Korea Express , the country's biggest logistics firm, may bid for privately-owned U.S. freight forwarder Phoenix International, a Seoul-based spokesman said.
Founder offers to take troubled Best Buy private
(Reuters) - Best Buy Co Inc founder Richard Schulze on Monday made a bid to take the struggling U.S. electronics retailer private just months after being forced out as chairman.
Knight Capital gets $400 million rescue, shares tumble
NEW YORK (Reuters) - A group of investors rescued Knight Capital Group Inc in a $400 million deal that keeps the embattled leader in U.S. equities market-making in business, but comes at a huge cost to existing shareholders.
Kinder Morgan to sell stake in U.S. pipeline assets
(Reuters) - Pipeline operator Kinder Morgan Energy Partners LP said it will buy a 100 percent stake in Tennessee Gas Pipeline (TGP) and a 50 percent interest in El Paso Natural Gas (EPNG) pipeline from Kinder Morgan Inc for about $6.22 billion.
Gaylord buys back shares from TRT Holdings
(Reuters) - Hotel operator Gaylord Entertainment Co said it bought back 5 million shares from TRT Holdings for $185 million, in return for the shareholder's support for its plans to sell its namesake brand to Marriott International Inc and convert itself to a real estate investment trust.
Apple, Google bid on Kodak patents: report
(Reuters) - Eastman Kodak, which is planning to auction 1,100 digital patents, received two bids from investor groups including Apple Inc and Google Inc of between $150 million and $250 million, the Wall Street Journal reported on Monday.
Carlyle in lead to buy DuPont car paint unit: sources
NEW YORK (Reuters) - Private equity firm Carlyle Group LP has emerged as the front runner to buy DuPont's car paint business after rival bidder Apollo Global Management LLC declined to increase its offer, according to three people familiar with the matter.
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