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Monday, November 26, 2012

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11/26/2012
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
GSK to spend $1 billion to lift stakes in India, Nigeria units
MUMBAI (Reuters) - GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.
Fiat Industrial and CNH approve merger
MILAN (Reuters) - Italian tractor and truck maker Fiat Industrial is to take full control of U.S. unit CNH , with the enlarged group listing in New York where sector valuations are higher than in Europe.
Onex to buy U.S. insurance brokerage services company for $2.3 billion
(Reuters) - Canadian private equity company Onex Corp said it will buy USI, a U.S. provider of insurance brokerage services, from GS Capital Partners for $2.3 billion.
L'Oreal buys Urban Decay to beef up young, prestige offering
PARIS (Reuters) - French cosmetics maker L'Oreal acquired U.S. make-up brand Urban Decay from private equity firm Castanea Partners as part of an effort to reach more upscale young consumers.
India's Jet Airways, SpiceJet in deal talks with Etihad, AirAsia: source
NEW DELHI (Reuters) - Struggling Indian carriers Jet Airways India Ltd and SpiceJet Ltd are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd to sell minority stakes, a senior government official with direct knowledge of the talks said.
Abramovich may buy stake in Norilsk peace plan: sources
MOSCOW (Reuters) - Roman Abramovich, owner of Chelsea soccer club, may step up as a "white knight" minority shareholder to resolve a four-year power struggle at Norilsk Nickel in a deal that would also name the Arctic miner's largest owner Vladimir Potanin chief executive.
Rosneft may use TNK-BP cash, loans for takeover
MOSCOW (Reuters) - Rosneft may dig deeper into its pockets and raise funds from TNK-BP to help finance its $55 billion takeover of the Anglo-Russian oil firm that will make it the world's largest listed oil firm by output.
Spain's Endesa mandates Santander to find buyer for Medgaz stake
MADRID (Reuters) - Spanish energy company Endesa has mandated Banco Santander to look for a buyer for its 12 percent stake in Algerian pipeline project Medgaz, a source with knowledge of the matter said on Monday.
Boskalis offers $884 million for Dockwise
AMSTERDAM (Reuters) - Dutch group Boskalis , the world's biggest dredger, has offered 682 million euros ($884 million) for maritime transport group Dockwise to expand in oil and gas services.
Hitachi completes acquisition of UK's Horizon nuclear project
LONDON (Reuters) - Hitachi has completed the acquisition of Britain's Horizon nuclear project from German utilities RWE and E.ON , the Japanese energy and engineering company said on Monday.
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