Deals Today

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	11/7/2011
Hello Best Buy is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion and scrapping plans for a chain of European megastores. The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business. Reuters interviewed dozens of people involved in Groupon's IPO -- including bankers, investors, current and former employees -- and they paint a picture of the excruciating path the company took to go public. Groupon reignites Chicago's SiliconPrairie dream, Bloomberg reports. The NYT's profiles Reid G. Hoffman, the start-up whisperer of Silicon Valley. LATEST NEWS China's Tingyi soars after complex Pepsi deal HONG KONG (Reuters) - The complex tie-up between China's Tingyi and PepsiCo Inc got a positive response from investors in the Chinese noodle and beverage maker, sending the company's shares up as much as 13 percent on Monday. | Full Article Failed BP deal renews pressure on CEO Dudley November 07, 2011 08:50 AM ET LONDON (Reuters) - The collapse of BP's planned sale of a $7 billion stake in an Argentinean unit is Chief Executive Bob Dudley's second failed multi-billion dollar deal this year and has renewed investor concerns about his vaunted turnaround of the group. | Full Article EDF to up stake in Veolia joint venture: report November 07, 2011 02:25 AM ET PARIS (Reuters) - French utility EDF is to raise its stake in its energy services joint venture with Veolia to 50 percent, from 34 percent, according to French newspaper Les Echos. | Full Article Trafigura, Origo form coal/iron ore Mongolia j.v November 07, 2011 06:35 AM ET LONDON (Reuters) - Trafigura, one of the world's top oil and commodity traders and Origo Partners Plc, one of the largest private equity investors in Mongolian natural resources have formed a 50:50 joint venture to develop Mongolian coal and iron ore deposits with significant export potential. | Full Article Delphi sees IPO pricing at $22-$24 a share November 07, 2011 09:17 AM ET (Reuters) - Delphi Automotive Plc indicated a price range for its initial public offering that values the former General Motors parts unit below levels projected six months ago when the stock market was stronger. | Full Article TOP NEWS Papademos front-runner to be new Greek PM November 07, 2011 08:48 AM ET ATHENS (Reuters) - Lucas Papademos, a former deputy head of the European Central Bank, was on Monday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out of money in mid-December. | Full Article Berlusconi plays last cards, denies will resign November 07, 2011 07:54 AM ET ROME (Reuters) - Italian Prime Minister Silvio Berlusconi, under huge pressure from international markets and rebels in his party, tried to play his last cards on Monday to hang on to power and denied reports that he could resign within hours. | Full Article Olympus ex-CEO to meet panel member next week November 07, 2011 03:31 AM ET TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said he will meet in London next week with a member of the third-party panel probing past M&A deals at the endoscope maker. | Full Article Wall St edges up, energy, materials lead November 07, 2011 09:44 AM ET NEW YORK (Reuters) - Stocks turned positive in early trading on Monday, led by energy and material stocks as crude oil prices rose more than 1 percent. | Full Article Insight: Has Iran ended Israel's Begin Doctrine? November 07, 2011 09:44 AM ET JERUSALEM (Reuters) - Menachem Begin did not pull his punches. In 1981, as work neared completion on an Iraqi nuclear reactor that Israel believed would produce plutonium for warheads, the Israeli prime minister dispatched eight F-16 bombers to destroy the plant. Begin later said that the raid was proof his country would "under no circumstances allow the enemy to develop weapons of mass-destruction against our people". | Full Article TECHNOLOGY NEWS YouTube, Disney Interactive strike content alliance HTC to push into emerging markets, eyes new tablet Barnes & Noble may launch new Nook, cut some prices Dish Network loses subscribers, pays dividend Analysis: Stores gear up for "dogfight" in TV aisles RELATED VIDEO Charts show the only way is up for Italian yields - BarCap Equities fall on Italy debt concerns BP's $7bln S.America sale collapses A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. 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