Deals Today

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	11/9/2011
Hello "Alibaba Group Holding Ltd. and Softbank Corp. are talking with private-equity funds about making a bid for all of Yahoo! Inc. without the company's blessing," Bloomberg reports. "If Yahoo! had its own personal profile on Facebook, its relationship status on the social network would read 'It's complicated'," according to a blog in The Economist. Goldman Sachs is seeking to raise up to $1.54 billion by selling 2.4 billion shares in Industrial and Commercial Bank of China, sources said. "Asia will emerge as the counterweight to the United States as opposed to Europe," said David M. Rubenstein, co-founder of buyout firm Carlyle. "Similarly I think China and the United States will be the two most important fundraising markets and the two most important investment markets." "With the successful public offering of deals site Groupon Inc. last week, Yelp tapped Goldman Sachs Group Inc. and Citigroup Inc. to lead an initial public offering as soon as early next year," the WSJ reports. LATEST NEWS Olympus investment losses may have exceeded $1 billion TOKYO (Reuters) - Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the 92-year-old firm's share price plunged due to doubts about its future. | Full Article Goldman Sachs selling up to $1.54 billion ICBC stake November 09, 2011 06:06 AM ET HONG KONG (Reuters) - Goldman Sachs Group Inc is seeking to raise up to $1.54 billion by selling 2.4 billion shares in Industrial and Commercial Bank of China Ltd (ICBC) , sources familiar with the matter told Reuters on Wednesday. | Full Article Endemol set to reject prospective bidders: report November 09, 2011 06:17 AM ET LONDON (Reuters) - Endemol, the debt-burdened Dutch TV production company, and its lenders are set to rebuff offers from Time Warner and others for the group, the Financial Times reported on Wednesday. | Full Article Exclusive: Red Solo cup maker explores sale November 08, 2011 05:23 PM ET (Reuters) - The maker of the red Solo cup, a plastic tumbler that for years has been a mainstay of American parties and picnics and more recently the subject of a hit country music single by Toby Keith, is exploring a sale. | Full Article Exclusive: Germany may buy EADS stake November 09, 2011 07:59 AM ET BERLIN/FRANKFURT (Reuters) - Chancellor Angela Merkel's coalition partners no longer object to Germany buying a stake in EADS after the failure to find a private investor for part of Daimler's holding in Europe's largest aerospace company, political and banking sources said on Wednesday. | Full Article TOP NEWS Italian borrowing costs at breaking point November 09, 2011 08:40 AM ET ROME/LONDON (Reuters) - Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's promise to resign failed to raise optimism about the country's ability to deliver on long-promised economic reforms. | Full Article Greek PM to meet president as coalition hopes rise November 09, 2011 09:03 AM ET ATHENS (Reuters) - Prime Minister George Papandreou will meet the Greek president on Wednesday, raising hopes that party leaders may finally have come to terms on a national unity government as the nation hurtles toward an economic and political precipice. | Full Article Wall St set to drop at open on Italy fears November 09, 2011 09:20 AM ET NEW YORK (Reuters) - Stocks were set to slide at the open on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling. | Full Article GM profit beats Street; cuts Europe outlook November 09, 2011 08:03 AM ET DETROIT (Reuters) - General Motors Co posted a stronger-than-expected quarterly profit as it gained market share in North American and Asian markets, but backed away from its full-year break-even target in Europe due to deteriorating conditions there. | Full Article Cain looks to move past controversy at debate November 09, 2011 07:07 AM ET ROCHESTER, Michigan (Reuters) - Republican Herman Cain will try to move past an escalating sexual harassment controversy on Wednesday during a U.S. presidential debate on economic issues held in the hard-hit manufacturing state of Michigan. | Full Article TECHNOLOGY NEWS Google offers support to Android firms in lawsuits Microsoft, AOL, Yahoo, strike ad alliance In Microsoft's shadow, Seattle's tech scene surges Samsung Electronics eyes record spending in 2012: report Public Wi-Fi hotspots to grow 4-fold by 2015: study RELATED VIDEO Inside the News: Euro bears could opt to swap profit-Boulton Perfect storm forming in Italian bond market, Albano says Breakingviews: Italy faces nerve-racking game of chicken A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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