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Thursday, October 11, 2012

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10/11/2012
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
Back to drawing board after Berlin halts BAE, EADS deal
BERLIN/LONDON (Reuters) - Europe's two biggest aerospace firms will go back to the drawing board to find new strategies after Germany stymied the world's biggest arms and aviation company merger.
Japan's Softbank in talks for $12.8 billion Sprint stake
TOKYO (Reuters) - Softbank Corp , Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. telecoms company Sprint Nextel Corp in a deal worth more than 1 trillion yen ($12.8 billion), a source with direct knowledge of the matter told Reuters on Thursday.
Indonesia's Bakries propose end to London adventure
SINGAPORE/LONDON (Reuters) - Indonesia's powerful Bakrie family has proposed a parting of ways with financier Nat Rothschild and Bumi Plc , the London-listed coal conglomerate they co-founded two years ago, after frayed tempers over allegations of financial irregularity.
Ex-central banker says Canada should approve CNOOC bid for Nexen
OTTAWA (Reuters) - Canada should allow China's state-owned CNOOC Ltd to buy Canadian oil company Nexen Inc, a former central bank chief said on Wednesday, brushing aside arguments that oil is a "strategic" resource off-limits to foreigners.
Telenor sets new India venture after divorce from Unitech
NEW DELHI/OSLO (Reuters) - Norwegian telecoms group Telenor has dissolved a joint venture with India's Unitech Ltd , hoping to distance itself from a scandal over the award of operating licenses and setting out a new plan to win business in the subcontinent.
Sprint holds off on MetroPCS bid, for now: sources
NEW YORK (Reuters) - The shares of wireless service provider MetroPCS closed down 4 about percent on Wednesday after a source said Sprint Nextel Corp is still weighing whether to make a counter bid for the company.
Buyout executives emails purport to show collusion
(Reuters) - Top executives at some of the world's largest private equity firms, including KKR & Co LP and Blackstone Group LP , sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.
Religare Health to raise $416 mln in Singapore IPO: sources
SINGAPORE (Reuters) - Religare Health Trust will raise S$511 million ($416 million) after pricing its initial public share offer in Singapore at S$0.90 a share, at the lower end of its indicative range, two sources with direct knowledge of the matter said on Wednesday.
ING to sell Malaysian insurance unit to AIA for $1.73 billion
HONG KONG/AMSTERDAM (Reuters) - Pan Asian insurer AIA Group Ltd has agreed to buy ING's Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets.
EADS board backs CEO after BAE deal collapses
PARIS (Reuters) - The board of EADS renewed its confidence in Chief Executive Tom Enders a day after the collapse of merger talks with BAE Systems and encouraged him to continue his leadership of the company, an EADS spokesman said.
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