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Glencore delays $26 billion Xstrata bid after Qatar move

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LONDON - Commodities trader Glencore pushed back its $26 billion bid for miner Xstrata on Wednesday after shareholder Qatar stunned the pair with a late demand for better terms. | Video

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Sunoco, Carlyle near labor deal for Philadelphia refinery 1:35pm EDT

NEW YORK - Sunoco Inc and Carlyle Group moved closer to a deal to prevent the shutdown of Sunoco's Philadelphia refinery, the biggest on the East Coast, after a tentative labor agreement was reached, sources familiar with the situation said.

Buyout duo drop new bid, freezing Iglo sale: sources 12:32pm EDT

LONDON - Blackstone and BC Partners will not table a fresh bid for frozen foods group Iglo, leaving owner Permira in control of the subject of one of Europe's largest buyouts and eyeing a refinancing to pay itself a hefty dividend, people familiar with the situation said.

Exclusive: Deutsche Bank walks away from iWatt IPO 2:16pm EDT

NEW YORK - Deutsche Bank has resigned as the lead underwriter for a proposed initial public offering by iWatt Inc, which makes chips used in Apple products, following a dispute over valuation with the company's chief executive, two sources familiar with the matter said.

Mexican tycoon Slim scores new win in Europe 5:46pm EDT

MEXICO CITY - Mexican tycoon Carlos Slim notched another victory in Europe on Wednesday as he acquired a quarter of Dutch telecom KPN , bolstering his expanding mobile phone empire.

Linde bidding to buy Lincare for $3.4 billion: report 3:22pm EDT

FRANKFURT - German industrial gas producer Linde AG is the leading bidder for Lincare Holdings Inc and could offer at least $3.4 billion for the U.S. oxygen provider, the Financial Times Alphaville blog reported on Wednesday, citing sources.

Lloyds agrees terms with Co-op on Verde branch sale 1:52pm EDT

LONDON - Lloyds Banking Group said it had reached an understanding over the terms of a deal to sell over 600 branches to the Co-operative Group , creating a new competitor for Britain's established but unpopular high street banks.

Fresenius hospital deal thrown in doubt by rival 1:44pm EDT

FRANKFURT - German hospital operator Asklepios emerged as a possible interloper in the agreed takeover of peer Rhoen-Klinikum by diversified healthcare group Fresenius , sending Rhoen's shares sharply lower.

Private equity funds signal new bid for Fondiaria 1:57pm EDT

TURIN/MILAN, Italy - Two Italian private equity funds said on Wednesday they would be tabling a renewed offer for insurer Fondiaria-SAI

Saudi Aramco to sell Vela ops for $1.3 billion to Saudi Bahri 12:31pm EDT

DUBAI, June 27 - State oil giant Saudi Aramco has signed an agreement to sell its Vela marine unit to Saudi National Shipping Co (Bahri) for $1.3 billion in cash and shares, the two firms said on Wednesday

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