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Tuesday, September 12, 2017

DowDuPont alters post-merger breakup plan

(Reuters) - DowDuPont, which was formed when chemical giants Dow Chemical and DuPont merged earlier this month, said on Tuesday it was making changes to its initial plans of how it would split up the company post merger.

Exclusive: Toshiba favors Bain group for chip sale; Western Digital talks stall - sources

Tokyo (Reuters) - Toshiba Corp now favors a group led by Bain Capital LP and SK Hynix Inc to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western Digital Corp , two people briefed on the matter said on Tuesday.

UK minister to give update on Fox-Sky deal on Tuesday

LONDON (Reuters) - Britain's media secretary will make a statement in parliament later on Tuesday about Rupert Murdoch's bid to buy the rest of pay-TV group Sky , the leader of the house said on Twitter.

Glencore sale of Rosneft stake earns rivals' respect, bankers' relief

LONDON (Reuters) - Glencore's move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader's rivals -- and relief from its bankers.

Rupert Murdoch's Fox joins court challenge to CBS' Australian TV buyout

SYDNEY (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc joined a court challenge on Tuesday against rival U.S. cable network CBS Corp's proposed buyout of struggling Australian television broadcaster Ten Network Holdings Ltd.

Danone eyeing solid Evian sales thanks to modernized plant

EVIAN-LES-BAINS, France (Reuters) - Danone , the world's third-largest bottled water company, unveiled the modernization of its sole plant producing the popular Evian brand on Tuesday, in a move to increase capacity and underpin Evian's solid growth.

IKEA to invest 90 million euros in first store in Slovenia

LJUBLJANA (Reuters) - Swedish furniture retailer IKEA plans to invest about 90 million euros ($107.6 million) in building its first store in Slovenia, which is due to start in the near future, IKEA said in a statement on Tuesday.

Dover considering sale of upstream energy unit

(Reuters) - U.S. industrial conglomerate Dover Corp said on Monday it was exploring strategic alternatives, including a sale, for its upstream energy unit.

Brazil judge suspends aspects of J&F leniency, asset sales in limbo

BRASILIA (Reuters) - A Brazilian judge on Monday suspended criminal aspects of the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, adding to uncertainty about billions of dollars of asset sales.

Lotte founder's eldest son to sell most of stakes in four units

SEOUL (Reuters) - Shin Dong-joo, the elder son of Lotte Group's founder, has decided to sell most of his stakes in Lotte Shopping and three other units of South Korea's No.5 conglomerate, his company said without providing the value of the sale.