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Wednesday, November 7, 2012

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11/7/2012
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
Morgan Stanley selling its Indian private bank: sources
SINGAPORE/MUMBAI (Reuters) - Morgan Stanley has launched the sale of its India private wealth management unit, which manages about $1 billion including loans, after entering the highly fragmented and competitive market just four years ago, sources with knowledge of the matter said.
E.ON stake in EWA worth about 440 million euros: sources
DUESSELDORF, Germany (Reuters) - German utility E.ON may fetch up to 440 million euros ($563 million) in the planned sale of its regional unit E.ON Westfalen Weser (EWA), two people familiar with the matter told Reuters on Wednesday.
Russia to pursue Rosneft privatization after TNK buy: Ifax quotes PM
MOSCOW (Reuters) - Russia will press ahead with its plans to privatize Russian national oil company Rosneft after its takeover of rival TNK-BP in a buyout of BP and its partners, Prime Minister Dmitry Medvedev was quoted as saying.
Veolia to sell assets, cut debt as profit falls
PARIS (Reuters) - French utility Veolia Environnement reassured investors that its plans slim down the group and reduce debt remain on track after it reported a 25 percent drop in nine-month profit.
India's Gulf Oil buys U.S. chemicals company for $1 billion
MUMBAI (Reuters) - Indian lubricants maker Gulf Oil Corp said on Tuesday it has acquired U.S.-based specialty chemicals company Houghton International from a private equity fund for $1.05 billion.
Sinopec close to buying Total Nigeria stakes: report
PARIS (Reuters) - China's Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion, the Bloomberg news agency reported on Tuesday, citing two people familiar with the matter.
Metlife close to buying Constitution Center in Washington: WSJ
(Reuters) - MetLife Inc is close to an agreement to buy the 1.4 million-square-foot Constitution Center in Washington, D.C., for $750 million, the Wall Street Journal reported, citing people familiar with the transaction.
Apollo in talks to buy McGraw-Hill education: source
NEW YORK (Reuters) - Apollo Global Management LLC is in exclusive talks to buy the educational publishing unit of McGraw-Hill Companies Inc , prevailing over rival bidders Cengage Learning Inc and buyout firm Bain Capital LLC, a person familiar with the matter said.
Legislator in Canada's ruling party blasts CNOOC bid for Nexen
OTTAWA (Reuters) - A top legislator in Canada's ruling Conservative Party on Tuesday made public his fierce opposition to a bid by China's CNOOC Ltd for Nexen Inc, underlining the political challenges facing Ottawa as it studies the takeover.
Pearson may weigh FT offers; company denies report
(Reuters) - Pearson Plc has decided to consider offers for the Financial Times newspaper this year and may seek at least $1 billion, Bloomberg reported, citing people with knowledge of the situation.
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