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State Senator Joe Leibham to not seek recount for last week's election

SHEBOYGAN, WI (WHBL) - Joe Leibham will not seek a recount for last week's 6th House District Republican primary. The Sheboygan state senator lost the four man race to State Senator Glenn Grothman by 219 votes, which was close enough to ask for a recount that would have been paid for by local government units. In a statement made Friday afternoon, Leibham said he has contacted Grothman about his decision and wished him well in the November general election.  He adds he is happy of the ...

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Sberbank to buy Yandex online payments service: source

The Sberbank name is seen on a sign in a street in Russia's far eastern port of Vladivostok December 5, 2012. Message reads "Sberbank. Alway
The Sberbank name is seen on a sign in a street in Russia's far eastern port of Vladivostok December 5, 2012. Message reads "Sberbank. Alway

MOSCOW (Reuters) - Sberbank, Russia's top lender, plans to buy Yandex.Dengi, an online payment service owned by Russian search engine Yandex, a source familiar with the matter said.

Sberbank declined to comment. Yandex, which was not available to comment, was expected to hold a news conference on Wednesday.

Sberbank, which accounts for a third of overall lending in Russia, has been expanding in the consumer credit market amid weak corporate loan portfolio growth.

In recent years, it has launched its own credit card business and tied up with French bank BNP Paribas in a joint venture focusing on point-of-sale lending, a popular form of in-store consumer finance in Russia.

Yandex, which raised $1.4 billion when it floated on the U.S. stock market in May 2011, came under scrutiny during election protests over the past year when it was reported that opposition leaders were raising funds via Yandex.Dengi.

(Reporting by Katya Golubkova and Anastasia Teterevleva; Editing by Dan Lalor)

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