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Thursday, March 20, 2014

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03/20/2014
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
Alibaba invests $280 million in messaging app Tango
SAN FRANCISCO (Reuters) - Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
Exclusive: GrowthGate Capital plans Dubai IPO for logistics firm
DUBAI (Reuters) - Buyout firm GrowthGate Capital plans to take freight-forwarding company Able Logistics Group public in Dubai around the end of this year, a senior GrowthGate executive told Reuters, in a sign of growing strength in the region's equity markets.
JPMorgan sells physical commodities unit to Mercuria for $3.5 billion
NEW YORK (Reuters) - JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.
Banking foundation cuts historic ties with Monte Paschi share sale
ROME/MILAN (Reuters) - In just six months, Antonella Mansi has cut the umbilical cord that for 500 years united Monte dei Paschi di Siena to its medieval home town.
Technology Crossover Ventures raises $2.23 billion fund
SAN FRANCISCO (Reuters) - Late-stage venture investing firm Technology Crossover Ventures said Wednesday it had raised a $2.23 billion fund, one of the largest venture funds raised in recent years.
Mayroy sells 7 percent stake in French drugs company Ipsen
PARIS (Reuters) - Mayroy, the biggest shareholder in French pharmaceutical company Ipsen , announced on Wednesday the sale of a 7 percent stake in Ipsen via private placement, bringing its stake down to 57.6 percent.
Exclusive: Telesat owner Loral shortlists Apax, pension funds for sale - sources
NEW YORK (Reuters) - Loral Space & Communications Inc , which holds a majority stake in Canadian satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners LLP and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said.
Icahn changes course, urges eBay to sell 20 percent of PayPal
(Reuters) - Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff.
Dutch Gasunie sees cross-shareholding potential with Fluxys, OGE
AMSTERDAM (Reuters) - Dutch Gasunie sees Belgian pipeline operator Fluxys and Germany's Open Grid Europe (OGE) as potential shareholders if parliament allows cross-shareholdings for network operators, Gasunie's chief executive said on Wednesday.
Zodiac Aerospace says ready for new acquisitions
PARIS (Reuters) - French aerospace and defense supplier Zodiac Aerospace said on Wednesday it was ready to make new acquisitions after posting a 9.2 percent rise in revenue for the first six months of its financial year.
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