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Friday, January 24, 2014

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01/24/2014
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
EBay reliance on PayPal for growth lowers chances of spinoff
NEW YORK (Reuters) - EBay Inc is fighting the proposal by activist investor Carl Icahn to spin off PayPal because it views the payments service as crucial to long-term growth prospects of the e-commerce company.
Italian fashion group Roberto Cavalli denies talk of sale
MILAN (Reuters) - Italian fashion group Roberto Cavalli said on Friday it had not signed any agreement on a possible sale of the group.
KKR, BlackRock, funds in talks to buy stake in China Huarong: sources
HONG KONG (Reuters) - KKR & Co and BlackRock Inc are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd as the bad debt manager seeks to raise more than $2 billion, people familiar with the matter told Reuters.
Wacker Chemie takes control of wafer JV with Samsung Electronics
FRANKFURT (Reuters) - German speciality chemicals maker Wacker Chemie will take control of a wafer joint venture it holds with South Korea's Samsung Electronics , it said on Friday.
Lenovo to buy IBM's low-end server unit for $2.3 billion
(Reuters) - Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal.
Icahn takes another $500 million bite out of Apple
SAN FRANCISCO (Reuters) - Activist investor Carl Icahn picked up another $500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to $3.6 billion, while ratcheting up his months-long campaign to pry open the company's cash hoard.
Carlyle to invest in haircare product maker Vogue
NEW YORK (Reuters) - Private equity firm Carlyle Group LP said on Thursday it has agreed to acquire a strategic minority stake in privately held Vogue International, the maker of the Organix Hair Care product line.
AOL to acquire firm that personalizes content for $83-mln
(Reuters) - AOL Inc has agreed to buy Gravity, a company that tailors content according to the reader's interest, for $83 million, a move to help better target advertising the company said on Thursday.
Air France-KLM may reinvest in Alitalia if conditions met
PARIS (Reuters) - Air France-KLM will look at reinvesting in Italian carrier Alitalia if the conditions it set for its restructuring are met, the Franco-Dutch airline's chief executive said on Thursday.
McKesson wins deal for 75 pct stake in Celesio
FRANKFURT (Reuters) - U.S. drugs distributor McKesson succeeded in its second attempt to win control of German peer Celesio in a deal with Celesio's two largest shareholders, German investment group Haniel and U.S. hedge fund Elliott.
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