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Tuesday, February 11, 2014

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02/11/2014
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
Nestle cuts stake in L'Oreal, but staying for 'long haul'
PARIS (Reuters) - Swiss food group Nestle is selling an 8 percent stake in L'Oreal to the French cosmetics firm for 6.5 billion euros ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share.
Mallinckrodt to buy Cadence Pharma for $1.3 billion
(Reuters) - Specialty pharmaceuticals company Mallinckrodt Plc said it would buy Cadence Pharmaceuticals Inc for about $1.3 billion to acquire Cadence's pain drug Ofirmev.
Etihad says meeting with Alitalia's banks over stake
SINGAPORE (Reuters) - Etihad Airways is holding talks with Alitalia's banks in Rome this week about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabhi based airline said.
Virgin America picks banks for potential 2014 IPO: FT
(Reuters) - Virgin America, the U.S. carrier in which Richard Branson's Virgin Group has a minority stake, has appointed Barclays and Deutsche Bank to lead an initial public offering, the Financial Times reported on Monday, citing people familiar with the situation.
Alibaba offer for AutoNavi values digital map firm at $1.58 billion
(Reuters) - Alibaba Group Holding Ltd , China's largest e-commerce firm, offered on Monday to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58 billion.
Blackstone-backed hotel chain La Quinta files to go public
(Reuters) - La Quinta Holdings Inc, a hotel chain backed by Blackstone Group LP, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
Capital Group boosts stake in yoga wear company Lululemon
TORONTO (Reuters) - Capital Group, one of the world's largest investment management firms, said on Monday it had boosted its stake in Lululemon Athletica Inc , a vote of confidence in the embattled yogawear retailer.
China firms head for U.S. IPOs, not fussed by accounting flap
HONG KONG (Reuters) - Chinese companies are flocking to the U.S. IPO market in their biggest numbers since 2010, drawn by soaring valuations for tech start-ups and undeterred by a flare-up in an accounting row between Washington and Beijing.
Vodafone may have $30 billion-$40 billion acquisition capacity: CEO
NEW YORK (Reuters) - Vodafone Group Plc could have the capacity to spend $30 billion to $40 billion on acquisitions in coming years and no deal should be too big if it makes strategic sense, Chief Executive Vittorio Colao said on Monday.
ArcelorMittal considers buying Italian steelmaker Ilva: sources
ROME (Reuters) - The world's biggest steel producer ArcelorMittal is among parties considering buying Italian steelmaker Ilva, depending on the cost of an environmental cleanup plan ordered by the government, several sources said on Monday.
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