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Thursday, October 31, 2013

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10/31/2013
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
Air France-KLM writes off value of Alitalia stake
PARIS (Reuters) - Air France-KLM has written off the value of its 25 percent stake in troubled Italian airline Alitalia, it said on Thursday.
Divorcing bwin.party founders to sell stakes in New Jersey license bid
LONDON (Reuters) - Two founders of bwin.party digital entertainment , who are divorcing, have agreed to sell their stakes in the online gaming group if it is successful in winning a license in New Jersey, the third U.S. state to allow online gambling.
Air France-KLM writes off Alitalia stake
PARIS (Reuters) - Air France-KLM wrote off the value of its stake in Italy's Alitalia on Thursday, casting doubt over its willingness to invest further in the struggling carrier as a weak economy chips away at its own debt reduction plans.
Extended Stay America IPO could value company at up to $4.2 billion
(Reuters) - Hotel chain Extended Stay America Inc said it expects to sell 28.3 million common shares at $18-$21 each in an initial public offering, valuing the company at as much as $4.2 billion.
US Airways, American consider merger settlement: sources
WASHINGTON (Reuters) - US Airways Group and American Airlines are considering giving up takeoff and landing slots at Washington's Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said.
Australia's Bega wins regulator nod for WCB bid
SYDNEY (Reuters) - Australia's competition regulator said on Thursday it would not block a bid for Warrnambool Cheese and Butter Factory Company Holdings Ltd by domestic rival Bega Cheese Ltd , enabling Bega to re-enter the international battle for the dairy company.
Australia's Nine Entertainment set to raise some A$600 million in IPO: source
SYDNEY (Reuters) - Media and entertainment group Nine Entertainment Co Pty Ltd is set to raise some A$600 million ($569 million) in an initial public offering and is expected to list on December 6, a person familiar with the process said.
Twitter hit with $124 million lawsuit over private stock sale
NEW YORK (Reuters) - Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it.
PwC gobbles up Booz & Co as Big 4 rebuild in consulting
(Reuters) - PricewaterhouseCoopers said on Wednesday it agreed to buy Booz & Co., ratcheting up an aggressive move by large audit firms back into the lucrative consulting business more than 10 years after U.S. regulators tried to tease apart the two sectors.
NTT Data to buy Spanish IT firm for about 50 billion yen: Nikkei
(Reuters) - NTT Data Corp will buy Spanish information technology group Everis Spain SLU for about 50 billion yen ($509.45 million) as it tries to expand in Latin America, the Nikkei reported, quoting company sources.
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