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Monday, May 26, 2014

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05/26/2014
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
Some elephant hunting tips for Warren Buffett
NEW YORK (Reuters) - Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:
Sony, Shanghai Oriental Pearl to set up China PlayStation JVs
BEIJING (Reuters) - Japan's Sony Corp and China's Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday.
South Korea's Kakao to merge with Daum in back door listing
SEOUL (Reuters) - South Korea's Kakao Corp said it will merge with the country's No.2 Internet portal Daum Communications Corp in a back-door listing that values the messenger operator at 3.1 trillion won ($3 billion).
Finland to sell Destia to Ahlstrom Capital: source
HELSINKI (Reuters) - Finland's five-party government has agreed to sell Destia, a road and rail construction group fully owned by the state, to private equity firm Ahlstrom Capital for around 150 million euros ($204 million), a source with knowledge of the plan told Reuters.
India aims to recover 228 million euros in Finmeccanica bank guarantees
NEW DELHI (Reuters) - India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica , the defense ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks.
Intercontinental rejected $10 billion offer from U.S. suitor: Sky
LONDON (Reuters) - The world's largest hotelier, Intercontinental Hotels Group (IHG) , has rejected a 6 billion pound ($10.1 billion) takeover offer from a U.S. bidder, Sky News reported, citing unidentified sources.
Flipkart raises $210 million fresh funding from four investors
MUMBAI (Reuters) - Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global, it said in a statement on Monday.
Rosneft, BP agree to explore for shale oil in Russia amid sanctions
ST PETERSBURG, Russia (Reuters) - Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions over Ukraine in March.
Takeover shores up U.S. lobbying giant Patton Boggs
(Reuters) - Troubled U.S. lobbying giant Patton Boggs avoided a financial cliff on Friday when a larger law firm agreed to acquire many of its partners and its name, which for decades was synonymous with influence in Washington, D.C.
Indian court lifts stay on Sun Pharma's $3.2 billion Ranbaxy takeover
MUMBAI (Reuters) - An Indian court on Saturday lifted a temporary stay it imposed on generic drugmaker Sun Pharmaceutical Industries Ltd's $3.2 billion takeover of Ranbaxy Laboratories Ltd , a lawyer involved in the case said, paving the way for both companies to complete the deal.
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