UwidoNews

JOE KERNEN reporting: It finally happened. General Electric and Comcast striking their long anticipated deal giving Comcast a 51 percent stake in the parent company of CNBC,

Warren Buffett said Kraft Foods Inc's proposed $19.6 billion acquisition of Cadbury Plc is a "bad deal" and questioned how Chief Executive Irene Rosenfeld chose to pay for it.While Buffett indicated he would not sell his stake in Kraft, shares of the company fell more than 2 percent as the U.S. food group came under pressure from its largest shareholder.

The bid had been widely expected to hand Panasonic a majority stake as Sanyo's top three shareholders agreed to sell part of their shareholdings into the tender for a premium to ensure

Reliance Industries Ltd., owner of the world’s largest refining complex, plans to acquire the remaining shares of unit Reliance Petroleum Ltd., after the stock dropped 54 percent in the past year.
Directors will consider the plan on March 2, Mumbai-based Reliance Industries said in a statement to the Bombay Stock Exchange today. Reliance Industries holds a 70 percent stake in Reliance Petroleum, according to data compiled by Bloomberg.

General Motors (GM) is partnering Maini REVA, to develop and produce Electric Vehicles (EV) for the Indian market.

Microsoft and Yahoo are holding talks on a possible search advertising agreement and the chief executives of the two companies have met to discuss the deal, media reported Friday.

Shares of Bharati Shipyard Ltd and Great Offshore rose on Friday after Bharati acquired the 14.9 percent stake of Great Offshore that was pledged with the company.Shares in Bharati, a maker of offshore vessels and rigs, rose as much as 19 percent, while shares in offshore and oilfield services provider Great Offshore gained nearly 10 percent.

China’s cabinet yesterday said it will cut output of carbon dioxide per unit of gross domestic product by between 40 percent and 45 percent from 2005.

If the agreement holds, it would resolve a long-standing debate within the Democratic caucus over whether the government should create a so-called public option that President Obama has said would drive down prices by offering competition.
http://www.usatoday.com/news/washington/2009-12-08-health-care-senate-de...