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Thursday, October 4, 2012

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10/4/2012
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
AAR to make "competitive" TNK-BP offer to BP: tycoon
MOSCOW (Reuters) - The billionaire quartet that owns half of TNK-BP , will make a "competitive" offer for BP's 50 percent stake in the Anglo-Russian oil firm by October 17, German Khan, one of the tycoons in the group, told the Kommersant daily on Thursday.
EADS chief says open to talks on job guarantees in BAE merger
BERLIN (Reuters) - EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems , he told Germany's Bild daily on Thursday.
Merged T-Mobile USA, MetroPCS to face tech challenges
FRANKFURT/NEW YORK (Reuters) - T-Mobile USA, which plans to merge with MetroPCS, will have to overcome technology hurdles to be able to take on bigger rivals Verizon Wireless, AT&T Inc and Sprint Nextel Corp.
TPG raises Billabong concerns but hasn't quit $700 million bid
MELBOURNE (Reuters) - TPG Capital Management LP's $700 million bid for Billabong International Ltd is still on the table, although the struggling Australian surfwear retailer needs to address some concerns raised by the private equity firm.
Mitsubishi UFJ Lease to buy U.S. aircraft lease firm for $1.3 billion
TOKYO (Reuters) - Mitsubishi UFJ Lease & Finance Co agreed to buy U.S. aircraft leasing firm Jackson Square Aviation from Oaktree Capital Group LLC for about $1.3 billion, signaling rising interest from Japanese companies to tap the growth potential of aviation finance industry.
Astro IPO to raise $1.5 billion as Malaysia listings flourish
KUALA LUMPUR (Reuters) - Pay-TV firm Astro Malaysia Holdings Bhd will raise about $1.5 billion by selling shares at the top end of a marketing range, as privatization schemes and economic growth cement Malaysia's position as Asia's top destination for IPOs this year.
Credit Suisse sells Clariden Leu Europe to Falcon private bank
FRANKFURT (Reuters) - Swiss private bank Falcon said on Thursday it will buy boutique bank Clariden Leu Europe from Credit Suisse for an undisclosed price.
Louis Dreyfus sells energy trading business
(Reuters) - The upheaval among the middle ranks of the world's commodity traders intensified on Thursday as merchant Louis Dreyfus sold its energy trading division to leading financiers including hedge fund veteran Paul Tudor Jones.
Chinese private equity offers $850 million for Discovery Metals
MELBOURNE/HONG KONG (Reuters) - A private equity firm founded by Chinese billionaire Yu Yong and a fund backed by state-owned China Development Bank have offered to buy Australian-listed copper explorer Discovery Metals Ltd , valung the company at about $850 million.
3M scraps deal for Avery-Dennison's office products
(Reuters) - Diversified manufacturer 3M Co on Wednesday terminated its $550 million deal to buy Avery-Dennison Corp's office and consumer products business.
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