Politics
Weakened Congress wondering if early elections will help
The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
RPT-Market Chatter-Corporate finance press digest
Dec 19 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:
* Pfizer Inc plans to cut about 20 percent of its sales force for primary-care drugs, Bloomberg News reported, as the pharmaceutical company copes with the loss of a patent for top-selling cholesterol drug Lipitor.
* United Parcel Service Inc has offered more concessions in a bid to win EU regulatory approval for its 5.2 billion euro ($6.87 billion) bid for TNT Express, two people familiar with the matter said.
* Industrial machinery maker SPX Corp is closing in on a roughly $4.2 billion deal to buy rival Gardner Denver Inc , as it makes progress in securing financing, a source familiar with the matter said.
* Getco Holding Company LLC will buy Knight Capital Group Inc for about $2 billion after sweetening its offer for the equities market-making firm to beat out rival Virtu Financial LLC, people close to the deal said.
* French state bank Caisse des Depots has teamed up with Abu Dhabi investment fund ADIA to form a powerful consortium to bid for Total SA's TIGF gas network business, sources said.
* BIDV, Vietnam's largest partly private lender by assets, has delayed its domestic share listing because of difficulties in financial markets and a stock market slump, the Vietnam Economic Times newspaper reported.
* India Infrastructure Finance Co Ltd said it will launch a $1 billion infrastructure debt fund, for which final approval from market regulator SEBI is expected soon, the Indian Express reported citing the Press Trust of India.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints






Follow Reuters