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Monday, November 25, 2013

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11/25/2013
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 units of Pfizer and Wyeth to merge
MUMBAI (Reuters) - Pfizer Ltd , the Indian unit of U.S. drug maker Pfizer Inc , is to take over local affiliate Wyeth Ltd , they said on Saturday after their boards approved the deal.
Chrysler IPO could raise $1.5 billion-$2 billion: WSJ
(Reuters) - Chrysler Group LLC expects to set a price range for its initial public offering as early as this week to raise $1.5 billion to $2 billion, the Wall Street Journal reported, citing people familiar with the matter.
Saudi Electricity signs 1.7 billion riyals deal with U.S. GE
KHOBAR, Saudi Arabia (Reuters) - Saudi Electricity Co (SEC) signed two contracts worth around 1.7 billion Saudi riyals ($453 million) with U.S. General Electric for maintenance of gas turbines at new power plants in Riyadh, SEC said on Sunday.
Babcock in talks to buy stake in Avincis: source
LONDON (Reuters) - Engineering services group Babcock is in exclusive discussions to take a stake in helicopter transport services company Avincis, a source close to the situation said on Sunday.
Saputo hikes offer for control of Australia's Warrnambool
SYDNEY (Reuters) - Canada's Saputo Inc declared its A$505 million ($463 million) bid for Warrnambool Cheese and Butter Factory Co unconditional on Monday and said it would hike its offer if it won control of Australia's oldest dairy maker.
Switzerland's Trafigura sells stake in Africa unit for $500 million
(Reuters) - Global trading firm Trafigura said it sold a $500 million stake in its African unit Puma to Angolan companies rather than to opt for an earlier plan raise cash through a share sale.
France's Orange nears sale of its Dominican business to Altice: Bloomberg
(Reuters) - France's largest telecom operator Orange SA is close to reaching an agreement with Altice on the sale of its Dominican Republic business, Bloomberg reported on Sunday citing three people familiar with the matter.
Lloyds to sell up to half TSB stake at IPO: newspaper
LONDON (Reuters) - Britain's Lloyds Banking Group will probably sell 30 to 50 percent of its stake in the 631 bank branches being rebranded as TSB when the new entity floats on the stock market in 2014, a newspaper reported.
Comcast considering bid for Time Warner Cable: CNBC
(Reuters) - Comcast Corp is a potential bidder for Time Warner Cable Inc, CNBC said on Friday, citing people familiar with the situation.
Microsoft to win EU okay for $7.3 billion Nokia deal: sources
BRUSSELS (Reuters) - Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.
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