Newsletter BOX: Deals Today

08/28/2013

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

Nestle chairman says wants to keep all options open on L'Oreal

ZURICH (Reuters) - Nestle wants to keep its options open for its stake in cosmetics firm L'Oreal and will not extend a purchase contract with France's Bettencourt family, the food group's chairman told a Swiss newspaper.

Hesse economy minister says Commerzbank sale a possibility

FRANKFURT (Reuters) - The sale of Commerzbank , Germany's second biggest lender, is a possible option, the economy minister in the German state of Hesse was quoted on Wednesday as saying.

China's Simcere to be taken private by Chairman for $495 million

(Reuters) - China's Simcere Pharmaceutical Group said it agreed to be bought by a consortium that includes its founder-chairman Jinsheng Ren in a deal worth $495.4 million.

Holcim and Cemex to exchange, combine assets in Europe

ZURICH (Reuters) - Swiss cement maker Holcim plans to exchange some assets and combine others with Mexican competitor Cemex in Europe, seeking cost savings in response to tough conditions in the construction sector.

Hyundai Heavy set for $1.4 billion ships sale in Gulf: source

DUBAI/SEOUL (Reuters) - South Korea's Hyundai Heavy Industries is close to winning an order worth about $1.4 billion to build 10 huge container ships for the United Arab Shipping Company (UASC), a source close to the matter said.

Russian airshow kicks off with Superjet deals

ZHUKOVSKY, Russia (Reuters) - Russia's first civil plane since the fall of the Soviet Union bagged a clutch of deals with mainly domestic buyers on the first day of an airshow near Moscow, as the country battles to revive its aircraft industry amid stiff foreign competition.

Swiss parliamentary committee backs buying Gripen fighters

ZURICH (Reuters) - A parliamentary committee has backed Switzerland's purchase of 22 Gripen fighter jets from Sweden's Saab , clearing a major hurdle for the $3.4 billion deal.

Pentagon, United Technology agree on F-35 engines

WASHINGTON (Reuters) - The Pentagon on Tuesday announced it had reached agreement with United Technologies Corp to build 38 engines for a sixth batch of Lockheed Martin Corp F-35 fighter jets, securing discounts of 2.5 percent to 9.6 percent on the engines.

Boston mayor reaches deal for Caesars casino at horse racetrack

BOSTON (Reuters) - Boston Mayor Thomas Menino reached a proposed deal with developers on Tuesday to build a $1 billion Caesars casino in the city's East Boston section that he said would generate at least $32 million in annual revenue for the city and create thousands of jobs.

Abramovich to buy Moscow office complex for up to $800 million: sources

MOSCOW (Reuters) - Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia's second-largest office deal, three sources told Reuters.