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Thursday, April 3, 2014

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04/3/2014
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
UK didn't interfere in Lloyds branch sale: Osborne
LONDON (Reuters) - Britain's finance ministry did not interfere in the process of state-backed Lloyds Banking Group's planned sale of hundreds of branches to the Co-operative Bank, finance minister George Osborne has told lawmakers.
Alibaba's Jack Ma invests $532 million in financial software firm
BEIJING (Reuters) - Jack Ma, the founder of China's Alibaba Group Holding Ltd, the world's biggest e-commerce firm, will pay 3.3 billion yuan ($531.78 million) to take a controlling share of financial software firm, Hundsun Technologies Inc.
Dubai buys stake in luxury hotel manager Kerzner
DUBAI (Reuters) - Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, has bought a stake in global hotel management firm Kerzner International from investors including the family of South African casino tycoon Sol Kerzner.
Ex-Evercore banker pleads guilty to insider trading charges
NEW YORK (Reuters) - A former investment banker at Evercore Group pleaded guilty on Wednesday to criminal charges that he engaged in insider trading and used proceeds to pay a one-time mistress to support their child.
Japan's FamilyMart to sell BGF stake, exit South Korea
SEOUL (Reuters) - Japan's FamilyMart Co Ltd plans to exit South Korea by offering up to 283 billion won ($268 million) of shares in an initial public offering of the country's biggest convenience store chain in May, a BGF Retail spokesman said on Thursday.
Apple in talks to buy Japan chip venture to secure iPhone supply chain
TOKYO (Reuters) - Apple Inc, seeking to secure its mobile supply chain, has opened discussions to buy control of a Japanese venture that makes key microchips for its iPhone screens, sources familiar with the matter say.
Osisko strikes deal with Yamana to stymie Goldcorp bid
TORONTO/VANCOUVER (Reuters) - Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C$930 million ($843 million), a deal that potentially thwarts a hostile bid from Goldcorp Inc .
Chinese security software maker Cheetah Mobile files for U.S. IPO
(Reuters) - Security software maker Cheetah Mobile Inc, a unit of Chinese software company Kingsoft Corp Ltd , filed with U.S. regulators on Wednesday to raise about $300 million in an initial public offering of American Depositary Shares.
Plug Power buys fuel-cell stack maker ReliOn for $4 million
(Reuters) - Plug Power Inc said it bought fuel-cell stack maker ReliOn Inc for about $4 million in an all-stock deal, as the company looks to diversify its supplier base.
China's COFCO to pay $1.5 billion for stake in Noble's agribusiness
SINGAPORE/HONG KONG (Reuters) - COFCO Corp has agreed to pay $1.5 billion for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.
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