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Wednesday, October 16, 2013

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10/16/2013
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
Indian tyremaker Apollo locks horns with U.S. bid target Cooper
MUMBAI (Reuters) - India's Apollo Tyres Ltd said its lenders were unlikely approve its bid for U.S.-based Cooper Tire & Rubber Co unless the $2.5 billion price tag was cut to take account of unresolved labor disputes.
Advance Auto Parts to buy General Parts in $2.04 billion deal
(Reuters) - Advance Auto Parts Inc said it would buy General Parts International Inc in a deal that values the closely held company at $2.04 billion, creating the largest automotive after-market parts provider in North America.
Liberty Global plans full takeover of Ziggo: magazine
BRUSSELS (Reuters) - U.S. cable group Liberty Global is planning a complete takeover of Dutch cable firm Ziggo, German weekly Manager Magazin reported.
SoftBank buys $1.5 billion stake in Finnish mobile games maker Supercell
TOKYO/HELSINKI/SAN FRANCISCO (Reuters) - Japanese tech and telecoms group SoftBank Corp is paying 150 billion yen ($1.53 billion) for a 51 percent stake in Finnish mobile game maker Supercell, valuing the small maker of hit games "Clash of Clans" and "Hay Day" at $3 billion.
IMI to sell two non-core businesses to Berkshire's Marmon Group
(Reuters) - Engineering company IMI Plc said it would sell its beverage dispense and merchandising businesses for 690 million pounds ($1.10 billion) to the Berkshire Hathaway-owned Marmon Group, in a bid to focus on the lucrative industrial end-markets of its core fluid power and severe service units.
Rosneft mulls boosting share in Belarus oil refinery: Ifax
MOSCOW (Reuters) - Rosneft could be interested in Belarus' state stake in Mozyr oil refinery, a profitable duty-free destination for the Russian companies, Interfax news agency quoted Rosneft's head Igor Sechin as saying on Wednesday.
EU regulators to probe Spanish airport deals for Ryanair, others
BRUSSELS (Reuters) - European Union state aid regulators are investigating whether marketing deals between the Spanish authorities and low-cost airline Ryanair breach EU rules, the European Commission said on Wednesday.
Air France decision on Alitalia rescue evenly balanced: source
ROME/PARIS (Reuters) - A decision by Alitalia's biggest shareholder, Air France-KLM, on whether to participate in an emergency share issue for the near-bankrupt Italian airline is evenly balanced, a source close to the Franco-Dutch carrier said on Tuesday.
GE Money Bank sets price range for Swiss IPO
ZURICH (Reuters) - General Electric expects to value its Swiss consumer finance unit GE Money Bank at a total market capitalization of up to 1.53 billion Swiss francs ($1.67 billion) when it lists it in the fourth quarter.
Brazil's OGX ousts CEO as Batista weighs ceding control
SAO PAULO/RIO DE JANEIRO (Reuters) - OGX Petróleo e Gas Participações SA ousted its chief executive as part of a restructuring plan to avert bankruptcy, the same day shares of the ailing Brazilian oil producer posted their biggest jump ever on hopes that founder Eike Batista might cede control of the company.
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