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Tuesday, November 13, 2012

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11/13/2012
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
PepsiCo to sign Myanmar bottling deal as rivalry with Coke grows
SHANGHAI (Reuters) - PepsiCo Inc is in talks to sign a bottling agreement in Myanmar, ramping up the competition with Coca-Cola Co as they fight for market share in a country emerging from decades of isolation.
TNK-BP wins $6 billion Russia gas deal in blow for Gazprom
MOSCOW (Reuters) - Anglo-Russian oil company TNK-BP is set to sign a deal to supply Russian power producer TGK-5 with gas worth as much as $6 billion over 18 years, TGK-5 said on Tuesday, in the latest loss by Gazprom to a rival.
William Hill gets extra time for Sportingbet bid
LONDON (Reuters) - William Hill , Britain's largest bookmaker, has been given until next month to submit a formal bid for online gaming company Sportingbet following a 530 million pounds ($841 million) takeover approach.
Li & Fung in talks to buy S.Korea kids' apparel maker for $184 million: report
SEOUL (Reuters) - Hong Kong's Li & Fung Group is in talks to acquire South Korean children's apparel maker Suhyang Networks for roughly 200 billion won ($183.73 million), a South Korean newspaper reported on Tuesday.
Blackstone, LLOG Exploration to invest $1.2 billion in U.S. Gulf
(Reuters) - Private equity firm Blackstone Group LP and LLOG Exploration Company LLC will jointly invest $1.2 billion to expand the private offshore oil producer's operations in the Gulf of Mexico.
Lagardere says most likely to exit EADS in 2013
PARIS (Reuters) - French media to aerospace group Lagardere said on Tuesday it will probably sell its 7.5 percent stake in Airbus parent EADS by the end of next year.
FLSmidth to put acquisitions on hold - CEO
COPENHAGEN (Reuters) - Danish engineering group FLSmidth on Tuesday said the group would put acquisitions on hold in coming quarters and shift its focus to make already acquired businesses profitable.
Hitachi Metals, Hitachi Cable to merge: Nikkei
(Reuters) - Hitachi Ltd subsidiaries Hitachi Metals Ltd and Hitachi Cable Ltd plan to merge in April, creating a materials producer with businesses ranging from automotive and electronics parts to fiber optics, the Nikkei reported.
Fiat Industrial appoints new managers
MILAN (Reuters) - Italy's Fiat Industrial appointed new managers as the truck and tractor maker prepares for a merger with its U.S. subsidiary CNH Global NV .
Sanyo Electric to sell digital camera business: Nikkei
(Reuters) - Panasonic Corp unit Sanyo Electric Co is in talks to sell its digital camera business to an investment fund as early as this year, the Nikkei business daily said.
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