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Thursday, January 24, 2013

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01/24/2013
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
Cisco to buy Israel-based software maker for $475 million
(Reuters) - Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.
Delta in talks with Airbus, Boeing to buy jets: Bloomberg
(Reuters) - Delta Air Lines Inc is in talks with Airbus SAS and Boeing Co to buy $1 billion or more new jets, Bloomberg reported, citing people familiar with the matter.
Sternlicht's Starwood to buy LNR Property for $1 billion
(Reuters) - Real estate mogul Barry Sternlicht's Starwood Property Trust and investment firm Starwood Capital will buy LNR Property LLC, the biggest manager of distressed commercial debt, for $1.05 billion to expand into the booming market for such loans.
Embraer books Republic Airways deal worth up to $4 billion
SAO PAULO (Reuters) - Brazil's Embraer SA , the world's largest maker of regional jets, said on Thursday it signed a deal to provide Republic Airways Holdings Inc with 47 E-175 jets, with an option to acquire an additional 47 aircraft.
Rafako consortium wins $1.7 billion deal from Tauron
WARSAW (Reuters) - A consortium of Polish boiler maker Rafako and builder Mostostal Warszawa has won a 5.4 billion zloty ($1.7 billion) deal to build a coal-fired unit for Tauron at its Jaworzno power plant.
Exclusive: Electra hires bank to explore Allflex sale
LONDON (Reuters) - Private equity firm Electra has hired Rothschild to explore a sale or a refinancing of electronic animal identification company Allflex, which is worth about $1 billion, four industry sources with knowledge of the plan said.
Toshiba, GE say eyeing fossil-fuel power JV
TOKYO (Reuters) - Toshiba Corp and General Electric Co will enter a global strategic alliance to develop and sell fossil-fuel power equipment and consider a joint venture in the business, the firms said on Thursday.
GDF scraps sale of gas storage unit: sources
FRANKFURT/PARIS (Reuters) - GDF Suez , Europe's biggest utility, has scrapped the sale of a stake in its German gas storage unit, as bids came in too low, two people familiar with the matter said.
Cipla Medpro likely to push India's Cipla to raise bid
JOHANNESBURG/ MUMBAI (Reuters) - Drug company Cipla Medpro is expected to demand more than the $215 million on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.
Guardian-owner ends talks on Auto Trader sale: FT
LONDON (Reuters) - The publisher of Britain's Guardian and Observer newspapers has ended talks on selling its stake in Trader Media Group because the price offered fell short of expectations, the Financial Times said on Thursday.
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