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Friday, May 17, 2013

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05/17/2013
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
Clearwire investors aim to force Sprint to sweeten bid
NEW YORK (Reuters) - Minority shareholders of Clearwire Corp are expected to vote down a buyout offer from Sprint Nextel Corp next week and force the No.3 U.S. wireless company to cough up more cash for control of Clearwire's valuable spectrum.
Morrison seals $306 million Ocado deal for online groceries
LONDON (Reuters) - British supermarket chain Morrison is investing more than 200 million pounds ($306 million) in a 25-year deal with online grocer Ocado , seeking to catch rivals in home delivery and sending Ocado shares sharply higher.
Freeport shares could rise regardless of Plains vote outcome
(Reuters) - Freeport-McMoRan Copper & Gold Inc appears to be in a win-win situation as Plains Exploration shareholders prepare for Monday's vote on the miner's nearly $6 billion takeover bid, part of its strategy to expand into energy.
Gildemeister says Mori Seiki not preparing full takeover
DUESSELDORF, Germany (Reuters) - Gildemeister said an Austrian competition authority announcement stating Mori Seiki was seeking sole control over the German machine tool maker referred to Mori Seiki's plan to take just close to a quarter of its shares.
Dish asks FCC to suspend review of SoftBank's Sprint bid
NEW YORK (Reuters) - Dish Network Corp asked U.S. regulators on Thursday to stop reviewing SoftBank Corp's proposed acquisition of Sprint Nextel Corp's , citing the Japanese company's reported attempt to thwart its bid for the U.S. wireless carrier.
Northrop aims to buy back 25 percent of shares by end of 2015
WASHINGTON (Reuters) - U.S. arms maker Northrop Grumman Corp said on Thursday it plans to buy back 25 percent of its outstanding shares by the end of 2015, after its board of directors approved $4 billion in further share repurchases.
Hess seats three activist-backed directors, ends proxy fight
NEW YORK/HOUSTON (Reuters) - Hess Corp placed three directors backed by hedge fund Elliott Management on its board on Thursday, settling a months-long feud over the oil company's governance and long-term strategy.
Ex-BP boss Hayward takes Glencore chair after Xstrata clearout
LONDON/ZUG, Switzerland (Reuters) - A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
Telus tests Canada's spectrum resolve with Mobilicity bid
TORONTO (Reuters) - Telus Corp , one of Canada's biggest wireless phone companies, said on Thursday it will pay C$380 million ($370 million) for debt-laden Mobilicity, testing the resolve of a government committed to opening the market to smaller players.
Morgan Stanley issues $705.6 million in stock for employee bonuses
NEW YORK (Reuters) - Morgan Stanley has issued 30 million shares as part of the Wall Street bank's employee bonus plan, according to a securities filing.
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