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Thursday, December 13, 2012

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12/13/2012
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
Sprint offers $2.1 billion to buy rest of Clearwire
(Reuters) - Sprint Nextel Corp is offering $2.1 billion to buy the rest of wireless internet provider Clearwire, to get full ownership of its wireless spectrum.
Best Buy founder to make $5-$6 billion this week: report
(Reuters) - Best Buy Co Inc founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by the end of the week, the Minneapolis Star Tribune reported late Wednesday, citing a source.
Investor Ross eyes Europe bank assets
LONDON (Reuters) - American billionaire Wilbur Ross is buying into a vehicle set up to buy UK banking assets and has signaled he will use the shell to pursue acquisitions in continental Europe.
MUFG to buy BofA Merrrill Lynch's stake in Japan private banking joint venture
TOKYO (Reuters) - Mitsubishi UFJ Financial Group has agreed to buy out Bank of America Merrill Lynch's stake in their Japanese private banking joint venture for about $480 million.
Legg Mason to buy Fauchier Partners from BNP Paribas unit
(Reuters) - Asset manager Legg Mason Inc said it will buy Fauchier Partners, a Europe-based manager of funds of hedge funds, from BNP Paribas Investment Partners.
Credit Agricole finalizes Cheuvreux sale
PARIS (Reuters) - Credit Agricole has finalized the sale of its Cheuvreux brokerage unit to rival firm Kepler, a latest step in the French bank's broader retreat from investment banking.
Japan's MUFG to buy 20 percent of VietinBank for $720 million
TOKYO (Reuters) - Japan's Bank of Tokyo-Mitsubishi UFJ plans to buy 20 percent of VietinBank from the Vietnamese government for about 60 billion yen ($720 million), a source close to the deal said, as Japan's cash-rich big banks expand into fast-growing Southeast Asian markets.
Cashed-up Chinese aircraft lessors spread their wings
HONG KONG (Reuters) - The sale of one of the world's top aircraft leasing companies to a Chinese consortium is the boldest signal yet that China's aviation industry will increasingly look to the cash-rich home market for specialist finance to support its expanding fleet.
BAE wins $400 million deal for U.S. Navy aircraft
WASHINGTON (Reuters) - The U.S. unit of Britain's BAE Systems Plc said it has won a contract valued at up to $400 million over the next five years to maintain and service more than 300 U.S. Navy trainer aircraft.
Renault raises 1.48 billion euros from Volvo stake sale
PARIS (Reuters) - French carmaker Renault said it raised 1.48 billion euros ($1.93 billion) from selling its remaining 6.5 percent stake in truckmaker Volvo .
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