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Wednesday, May 7, 2014

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05/7/2014
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's deal-making ripples across Silicon Valley
SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley.
Siemens chief unveils overhaul, says won't be forced into Alstom bid
BERLIN (Reuters) - German engineering giant Siemens unveiled a long-awaited restructuring on Wednesday in a bid to catch up with more profitable rivals and said it would not be forced into making an offer for the energy assets of French rival Alstom.
Repsol exits Argentina with $1.26 billion YPF stake sale
MADRID (Reuters) - Spanish oil major Repsol bid farewell to 15 years of business in Argentina with the sale of a stake in energy firm YPF to Morgan Stanley for $1.26 billion on Wednesday.
Sweden's Meda says it a predator, not prey in drugs industry consolidation
STOCKHOLM (Reuters) - Swedish drugmaker Meda , a recent takeover target of U.S. rival Mylan Inc , said on Wednesday acquisitions could double its size in two years and that it considered itself a predator and not prey in a consolidating pharma industry.
Alstom scraps annual dividend, no update on GE-Siemens
PARIS (Reuters) - Alstom , the ailing French industrial engineering group facing a politically charged takeover battle for its power business, scrapped its dividend on Wednesday as it said it burned cash and saw orders fall 10 percent in its full year.
Alibaba files for what may be biggest tech IPO
SAN FRANCISCO (Reuters) - Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history.
Japan's SoftBank says won't sell Alibaba shares in listing
TOKYO (Reuters) - Japan's SoftBank Corp said it would not sell any of its shares in Chinese online commerce company Alibaba Group Holding Ltd , which is preparing for what could be the largest market debut by a technology company in history.
Ting Hsin, Foxconn submit rival bids for Taiwan's Asia Pacific Telecom: source
TAIPEI (Reuters) - Ting Hsin International Group, parent of Chinese noodle maker Tingyi Holding , and Foxconn Technology Group have launched rival bids for small Taiwanese mobile telecoms operator Asia Pacific Telecom Co , a source with direct knowledge of the matter said on Wednesday.
Germany's Siemens presents long-awaited overhaul
BERLIN (Reuters) - German conglomerate Siemens unveiled a long awaited corporate overhaul on Tuesday under which the company will be restructured into nine divisions, its healthcare unit managed separately, and its hearing aids business publicly listed.
Bayer wins Merck & Co's $14 billion consumer unit auction
FRANKFURT (Reuters) - Germany's Bayer AG has trumped rival bidders for Merck & Co Inc's consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
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