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Friday, November 16, 2012

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11/16/2012
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
TNT Express sells airlines operations ahead of UPS takeover
AMSTERDAM (Reuters) - Dutch delivery group TNT Express , which has agreed to be bought by U.S. rival United Parcel Service (UPS) , has conditionally sold its airlines operations to ASL Aviation Group.
Reckitt trumps Bayer with $1.4 billion bid for Schiff
NEW YORK/LONDON (Reuters) - Reckitt Benckiser Group Plc has trumped Bayer AG's agreed deal to buy Schiff Nutrition International Inc with a higher offer of $1.4 billion for the U.S. vitamin maker.
Activist Peltz wants to raise Danone stake: report
PARIS (Reuters) - Activist investor Nelson Peltz wants to increase his stake in French food group DanonePA> to gain a say in its management, the Wansquare website said on Friday, without citing its sources.
Austria may seek to cancel EADS Eurofighter deal
VIENNA (Reuters) - Austria may try to cancel its $2 billion deal to buy 15 Eurofighter jets from European aerospace group EADS if it finds bribes were paid as part of the agreement.
F&N won't distribute APB gains till after takeover bids
SINGAPORE (Reuters) - Fraser and Neave said on Friday it will distribute gains from the sale of Tiger Beer maker Asia Pacific Breweries to shareholders only after the Singapore property and drinks conglomerate is no longer the subject of a takeover offer.
LME sale on track, keeps metal storage under scrutiny
LONDON (Reuters) - The London Metal Exchange (LME) expects proposed changes to its warehousing rules to go some way to solve problems in the network of warehouses it monitors, but would continue reviewing the situation, chief executive Martin Abbott said on Friday.
Twinkies maker Hostess plans to go out of business
(Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.
Abu Dhabi's Aabar writes down Glencore stake
LONDON (Reuters) - A top shareholder in Glencore , Abu Dhabi's Aabar Investments, has written off more $392 million of its $1 billion investment in the commodities trader, less than two years after taking part in its record listing.
LSE chief casts doubt over timing of LCH deal
LONDON (Reuters) - The London Stock Exchange may not complete its 600 million euro ($767.5 million) purchase of European clearing house LCH.Clearnet this year as expected, its chief executive has warned.
LME still expects sale to be approved before end of year
LONDON (Reuters) - The London Metal Exchange still expects its $2.2 billion sale to the Hong Kong stock exchange to be approved before the end of this year, LME Chief Executive Martin Abbott said on Friday.
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