FCC pauses clock on AT&T-DirecTV, Comcast-TWC merger reviews


WASHINGTON - The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc and DirecTV and of Comcast Corp and Time Warner Cable Inc over the issue of confidential programming agreements.

Exclusive: Advent, Avista near deal for UCB's Kremers Urban - sources 22 Oct 2014

- A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter.


UK's Lloyds was not pushed to sell branches to Co-op: lawmakers 12:11am BST

LONDON - Lloyds Banking Group's aborted attempt to sell hundreds of branches to the Co-operative Bank was not influenced by politicians, a committee of lawmakers said on Wednesday.

BGC launches formal $675 million offer for rival broker GFI 22 Oct 2014

- Interdealer broker BGC Partners Inc went ahead with the formal launch of its hostile $675 million bid for rival GFI Group Inc on Wednesday after talks between the two companies reached a deadlock.


Private equity eyes $13 billion Bayer plastics business: sources 22 Oct 2014

FRANKFURT/LONDON - Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.


Abbott, Mylan silent on why changing tax-inversion terms 22 Oct 2014

- Drugmakers Abbott Laboratories and Mylan Inc on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.

Delphi Automotive looking to sell thermal unit for $1 billion: Bloomberg 22 Oct 2014

- Auto parts maker Delphi Automotive Plc is looking to sell its business that makes heating and cooling systems for cars, and will seek as much as $1 billion, Bloomberg reported, citing people with knowledge of the matter.

Lockheed Martin and Turkey's Roketsan sign F-35 missile deal 22 Oct 2014

ISTANBUL - Lockheed Martin and Turkish missile manufacturer Roketsan signed an agreement Wednesday to produce and sell Turkey's SOM-J air-launched cruise missile for the F-35 Lightning II combat jet, the companies said.

Boeing books first sales to Iran since 1979 22 Oct 2014

SEATTLE - Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis.

Luxottica names P&G executive as proposed new co-CEO 22 Oct 2014

MILAN - Luxottica , the world's largest eyewear group, named a senior Procter & Gamble manager as its new co-chief executive on Wednesday, seeking to solve a governance crisis after losing two chief executives in the span of six weeks.

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