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Friday, December 21, 2012

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12/21/2012
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
GE to buy Avio's aviation business for $4.3 billion
MILAN (Reuters) - U.S. conglomerate General Electric has agreed to buy the aviation business of Italian aerospace company Avio for 3.3 billion euros ($4.3 billion), or 8.5 times Avio's 2012 EBITDA, the companies said on Friday.
ICE's NYSE swoop creates derivatives giant
LONDON (Reuters) - IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.
Insurer Aviva sells U.S. unit for $1.8 billion
LONDON (Reuters) - Aviva , Britain's No. 2 insurer, has agreed to sell its U.S. business for $1.8 billion, far less than it paid for it and the biggest disposal so far in a reorganization aimed at boosting its underperforming share price.
Pinnacle Entertainment to buy Ameristar Casinos for about $869 million
(Reuters) - Casino operator Pinnacle Entertainment Inc will acquire Ameristar Casinos Inc for about $869 million to expand mainly in the U.S. Midwest and South.
Slow growth offline, fear of Amazon drives retail deals
(Reuters) - Bricks and mortar retailers like Nordstrom Inc and Walgreens have found a way to deal with growing pressure from Amazon , by joining forces with small e-commerce companies.
France's Stallergenes eyes acquisitions in 2013
PARIS (Reuters) - French allergy drug maker Stallergenes wants to grow abroad through partnerships and acquisitions, and hopes ongoing discussions could lead to a deal in 2013, its head said.
Panasonic to sell Sanyo digital camera business to private equity fund
TOKYO (Reuters) - Panasonic Corp said on Friday that it would sell its Sanyo digital and digital movie camera business to Japanese private equity fund Advantage Partners for an undisclosed sum.
Olympus, Sony say medical business merger delayed
TOKYO (Reuters) - Japan's Olympus Corp and Sony Corp said on Friday that a planned merger of the two firms' medical business will take longer than expected due to delays in obtaining regulatory approval abroad.
Conwert buys 60 percent stake in KWG
VIENNA (Reuters) - Conwert Immobilien is to buy 60 percent of German residential property group Kommunale Wohnen from its major shareholder, boosting the Austrian company's German portfolio by two thirds.
JPMorgan Chase buys Silicon Valley firm to expand card marketing
NEW YORK (Reuters) - JPMorgan Chase & Co , one of the biggest card issuers and transaction processors, said it has bought Silicon Valley firm Bloomspot Inc to expand its consumer marketing programs for merchants.
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