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Monday, June 16, 2014

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06/16/2014
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 names partnership members in new IPO prospectus
BEIJING (Reuters) - Chinese e-commerce giant Alibaba Group Holding revealed the members of its 28-person partnership in its updated initial public offering prospectus on Monday.
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
(Reuters) - U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad.
Vodafone targets 'connected cars' with Italian deal
LONDON (Reuters) - Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.
Mitsubishi Heavy, Hitachi eye global clout with Alstom bid
TOKYO (Reuters) - Mitsubishi Heavy Industries' involvement in Siemens' bid for the power assets of France's Alstom fits in with the Japanese company's plans to build a global presence after a recent major reorganization of its business.
Airbus, Safran create space launch joint venture
PARIS (Reuters) - Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe's Ariane space rocket from U.S. low-cost rival SpaceX.
Italy lottery operator GTECH in talks to buy U.S. International Game Technology
MILAN (Reuters) - Italian lottery operator GTECH said on Monday it was in preliminary talks to buy Las Vegas-based slot machine maker International Game Technology in a deal that could involve a cash and paper offer.
Convergence considers IPO after GSK spin-off, as European biotech revives
LONDON (Reuters) - Convergence Pharmaceuticals, a specialist pain drug company spun off from GlaxoSmithKline, is preparing for a possible stock market listing as British biotech companies enjoy a revival of interest from investors.
Mitchells & Butlers acquires Orchid Group for 266 million pounds
LONDON (Reuters) - Pub group Mitchells & Butlers said on Monday it acquired rival operator Orchid Group for 266 million pounds in cash, in a deal which it expects to lead to a double digit boost to earnings.
Aquila in talks with white knight to thwart Baosteel
MELBOURNE (Reuters) - Aquila Resources Ltd and its new strategic stakeholder Mineral Resources Ltd plan to announce a deal, both companies said on Monday, which could thwart Chinese steel giant Baosteel Resources' $1 billion bid for Aquila.
Vodafone targets "connected cars" with Italian deal
LONDON (Reuters) - Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.
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