*Brazil antitrust watchdog rules against Telefonica. *Telefonica prefers sale of Brazil unit, Fossati against. Telecom Italia's 67 percent stake in TIM Participacoes has become an issue since TIM Brasil's biggest rival, Spain's Telefonica, agreed a deal in September to gradually take over Telecom Italia's controlling shareholder group, Telco.» Read More
*W.R. Grace shares up 2 pct. Oct 11- Dow Chemical Co will sell its polypropylene licensing and catalysts business to smaller peer W.R. Grace& Co for $500 million as the U.S. chemical maker looks to shed its non-core businesses.
*Telecom Italia, TIM shares rise more than 6 percent. MILAN/ FRANKFURT, Oct 9- Telecom Italia is considering a sale of its 67 percent stake in Brazilian mobile operator TIM Participacoes in a bid to reduce its debt, said a person familiar with the matter on Wednesday.
Oct 8- U.S. tax preparer H&R Block Inc is planning to terminate the sale of its banking assets to a unit of Republic Bancorp Inc, sending shares down 6 percent in extended trading. H&R Block in July said it would sell its banking unit to avoid a sharp rise in costs associated with the introduction of stricter banking rules by the U.S.
NEW YORK/ LONDON, Oct 8- Nestle is looking to sell its Jenny Craig diet business and is speaking to a small group of potential buyers about the brand, according to three sources familiar with the matter. The sources, who declined to be identified as talks are private, said on Tuesday that Nestle was working with Goldman Sachs on the sale process.
MILAN, Oct 4- Finmeccanica said it had agreed to sell power unit Ansaldo Energia to an Italian state-backed fund, a deal that will help the company cut debt and focus on its core aerospace, defence and security businesses.
WASHINGTON, Sept 26- Generic drugmaker Mylan Inc has won U.S. antitrust approval to buy Agila, a unit of India's Strides Arcolab Ltd, subject to divesting some products, the Federal Trade Commission said on Thursday. India's cabinet approved the deal on Sept. 3.
LONDON/ NEW YORK, Sept 26- Nestle SA, the world's largest food company, is looking to divest its PowerBar energy bars, a pioneer of sports nutrition products, according to four people familiar with the matter. The brand, which one of the sources said generates about $175 million in revenue, was founded by Brian Maxwell, a Canadian athlete and entrepreneur.
Sept 27- Japanese consumer electronic company Panasonic Corp said it will sell an 80 percent stake in its healthcare business to U.S. investment firm KKR& Co. LP for about 150 billion yen, the Nikkei reported.
NEW YORK, Sept 26- SunGard Data Systems Inc is in talks with buyout firm Apax Partners LLP to sell its data management unit, which it has been hoping to divest for as much as $2 billion, several people familiar with the matter said.
Sept 25- American Express Co, squeezed by tighter corporate travel budgets, said it was in talks to sell half of its business travel division for up to $1 billion to an investor group led by Certares International Bank LLC. This has hurt American Express, which gets more than a quarter of its U.S.-billed business from affluent corporate customers.
Sept 25- American Express Co said it is in talks with an investor group led by Certares to create a joint venture that would run the credit card company's business travel division. The investor group will invest between $700 million and $1 billion in the joint venture for a 50 percent stake, AmEx said in a statement.
DENVER, Sept 24- Barrick Gold Corp is in talks on further asset sales, with the focus on divesting smaller, higher-cost mines, Chief Executive Jamie Sokalsky told Reuters on Tuesday. Barrick, the world's largest gold producer, announced a deal last month to sell three of its high-cost mines in Australia for $300 million.
BRUSSELS, Sept 19- Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. Dexia had initially agreed to sell the asset management arm to Hong Kong- based GCS Capital for 380 million euros, but that deal fell through in July.
Sept 11- India's Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat state to UltraTech Cement Ltd for around 38 billion rupees including debt.
Pluspetrol plans to retain Harvest's 32 percent interest in Petrodelta SA, a joint venture between Harvest and Venezuela's state-owned Petroleos de Venezuela SA, and spin off the company's other assets to Harvest's shareholders.
Sept 9- SunEdison Inc cut the full-year revenue outlook for its semiconductor business amid weak demand and said it plans to spin off the unit in a $250 million initial public offering to focus on the high-margin solar power business.
Sept 9- SunEdison Inc filed to spin off its semiconductor unit, SunEdison Semiconductor, through an initial public offering of up to $250 million, as the company looks to focus on its high-margin solar power business.
Sept 3- News Corp said it sold its Dow Jones Local Media Group, which includes eight daily and 15 weekly newspapers, to a unit of Fortress Investment Group LLC. Financial terms of the deal were not disclosed.
Nokia CEO Elop to rejoin Microsoft when deal closes. HELSINKI/ SEATTLE, Sept 3- Two years after hitching its fate to Microsoft's Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros.
Aug 23- Mobile chipmaker Qualcomm Inc said it would sell its unit Omnitracs Inc to private equity firm Vista Equity Partners for about $800 million in cash. The deal includes Omnitracs' operations in the U.S., Canada and Latin America. Omnitracs' technology helps in fleet management and telematics.