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Thursday, January 2, 2014

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01/2/2014
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
Fiat shares jump on Chrysler merger deal but worries remain
MILAN (Reuters) - Fiat shares jumped on Thursday after it struck a $4.35 billion deal to gain full control of Chrysler Group LLC, but doubts remained over whether the Italian carmaker can use the merger to cut losses in Europe.
21st Century Fox sells Star China TV stake
(Reuters) - 21st Century Fox said on Thursday it would sell its 47 percent stake in Star China TV to the TV channel operator's management and private equity fund China Media Capital.
Cyprotex expands cosmetics testing offer with CeeTox deal
LONDON (Reuters) - British drugs testing company Cyprotex said on Thursday it had bought rival CeeTox from North American Science Associates Inc to expand its offer to the cosmetic and personal care industry.
Britain's Channel 5 owner exploring possible sale: FT
(Reuters) - The owner of Britain's free-to-air Channel 5 is exploring a possible sale of the TV broadcaster, the Financial Times reported, citing two people familiar with the situation.
India scraps AgustaWestland helicopter deal, agrees to arbitration
NEW DELHI (Reuters) - India cancelled its $770 million helicopter deal with Italian defense group Finmeccanica's AgustaWestland unit on Wednesday over what it termed a breach of integrity, but agreed to take part in an arbitration process.
America Movil's mega share buyback seen continuing into 2014
MEXICO CITY (Reuters) - Latin American phone giant America Movil spent $5.4 billion this year propping up its share price and more buybacks are likely with new regulation and lingering uncertainty over its money-losing European investments, analysts said.
China's largest auto parts company makes last-minute Fisker bid
(Reuters) - China's largest auto parts company made a surprise bid for Fisker Automotive just days before the bankrupt maker of the Karma plug-in hybrid sports car was to be sold to a Hong Kong tycoon, according to court documents.
Buyout kings seek U.S. partnerships as deal prices rise
NEW YORK (Reuters) - Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive.
Apollo's failed deal for Cooper sows doubt on future Indian M&A
MUMBAI (Reuters) - The ambition from Indian mid-sized companies for large debt-fuelled acquisitions abroad was dealt a major setback after the unraveling of a $2.5 billion bid by India's Apollo Tyres Ltd to buy Cooper Tire & Rubber Co .
Nasdaq to acquire 5 percent in Borsa Istanbul
ISTANBUL (Reuters) - Nasdaq OMX Group will take a 5 percent stake in Turkey's Borsa Istanbul in a tie-up that will allow the Turkish exchange to use Nasdaq's market technologies to attract new customers, the two exchanges said on Tuesday.
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