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Monday, March 10, 2014

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03/10/2014
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
GSK pays $1 billion to lift Indian unit stake to 75 percent
LONDON (Reuters) - GlaxoSmithKline said on Monday it had paid 64 billion rupees ($1.05 billion) to increase its stake in its Indian pharmaceuticals unit to 75 percent, as it banks on rising demand for medicines in emerging markets.
American Airlines, JetBlue to end interline traffic agreement
(Reuters) - American Airlines Group Inc and JetBlue Airways Corp plan to end their interline traffic agreement and reciprocal frequent flyer program accrual agreement.
U.S. mall operator DDR to exit Brazil in $343.6 million deal
(Reuters) - Shopping mall owner and operator DDR Corp has agreed to sell out of its Brazilian joint venture to focus on the acquisition and development of shopping centers at home in the United States.
Chiquita buys Fyffes to create world's biggest banana supplier
DUBLIN (Reuters) - U.S. fruit distributor Chiquita Brands International Inc is to buy Irish rival Fyffes Plc in an all-stock deal valued at $526 million to create the world's biggest banana supplier.
Schneider says in talks to sell sensors unit CST
PARIS (Reuters) - French electrical gear maker Schneider Electric confirmed on Monday it was in talks with potential buyers for its sensors unit CST, following a newspaper report saying it could reap up to $900 million from a deal.
Reckitt Benckiser to buy K-Y from Johnson & Johnson
LONDON (Reuters) - Reckitt Benckiser Group on Monday said it agreed to buy the global rights to the K-Y brand of intimate lubricants from Johnson & Johnson for an undisclosed price.
Senior buys Malaysia's UPECA Technologies in 75.5 million pound deal
(Reuters) - Aircraft parts and auto components maker Senior Plc said it acquired Malaysia-based UPECA Technologies, a high-precision components maker, for 75.5 million pounds ($126.2 million)including debt to expand in the South East Asian region.
India's Hotel Leelaventure in talks with KKR for loan
MUMBAI (Reuters) - India's Hotel Leelaventure Ltd , an operator of luxury hotels, is in talks with U.S. private equity firm KKR & Co LP to receive a loan of up to 20 billion rupees ($327.36 million), a source with direct knowledge of the matter told Reuters.
Japan Display sets IPO price at bottom of guidance
TOKYO (Reuters) - Japan Display Inc, the world's biggest maker of screens for tablets and smartphones, set the price of its stock listing at the bottom of its guidance range after foreign investors gave the offering a cool reception.
Bouygues to sell network to Iliad if SFR bid accepted
PARIS (Reuters) - France's Bouygues Telecom has agreed to sell its mobile network and much of its spectrum to smaller rival Iliad as a way to head off competition regulators' concerns about its pending bid for Vivendi's SFR .
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