A protracted bidding war for Australian retailer Coles Group Ltd. closed on Saturday, with conglomerate Wesfarmers Ltd. presenting a bid that could be worth up to A$19.7 billion ($16.7 billion) for the whole company.
Court ruled the U.S. bank's 'Chinese Walls' were not breached when it traded shares in a company it knew was a takeover target.
Wine and spirits company Constellation Brands Inc. said on Thursday that quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its British business.
Risk aversion triggered by troubles with U.S. mortgage securities rippled across financial markets on Wednesday, depressing European and Asian stocks and boosting safe haven government bonds.
Goldman Sachs is selling its 30.48 percent stake in South Korean cable TV operator C&M, valued at $970 million, a newspaper said on Monday, in the latest sale of Korean assets by foreign investment firms.
Utah mining prospector Kyle Kimmerle has more than a hunch that uranium will make him rich. It is a conviction so strong he has bet his house on it.
Researchers at a U.S. company trying to push the margins of stem cell research said on Friday they had grown human embryonic stem cells using a non-controversial method that did not harm the embryos.
H&R Block Inc., the largest U.S. tax preparer, on Thursday posted a fourth-quarter loss on the depressed value of a mortgage unit slammed by deterioration in the U.S. subprime market.
Morgan Stanley, a top Wall Street firm, has raised an $8 billion real estate fund through its property arm to focus on North America, Europe, the Middle East and Asia.
Oil prices eased on Tuesday, pulling back from a 10-month high posted in the previous session on concerns that a strike call in Nigeria could further cut crude output in the world's eighth-biggest oil exporter.
The world's largest mining group is considering a bid to rival a $28.7 billion offer for the aluminum giant.
Asian stocks rose to record highs on Monday on growing optimism about the U.S. economy, but diminished expectations for an imminent Japanese interest rate rise pushed the yen to an all-time low versus the euro.
Hedge funds, known for flexing their financial muscles around the globe but still largely shut out of China, hope the quickening pace of Beijing's reforms will open new gateways into the world's fourth-largest economy.
Oil and industrial metals prices extended the week's sharp falls on Wednesday on fears that rising interest rates will dent demand from investors and consumers.
Commonwealth Bank of Australia on Wednesday announced the extension of its Gen-i Australasia telecommunication services relationship to Feb 2009.
Insurance Australia Group Ltd., Australia's largest auto and home insurer, ended three year talks to buy a stake in China Pacific Property Insurance Co., saying the company's parent resisted the move.
GPT Group, one of Australia’s largest diversified property trusts, reported moderate March quarter growth on Wednesday, helped by increased consumer confidence and interest rate stability.
Coca-Cola Amatil Ltd. (XFS: CCA) said it expects single digit earnings growth for 2007 despite rising costs.
Tattersall’s Ltd agreed to buy Golden Casket Lottery Corp. on Monday for $530 million, giving the firm a dominant position in Australian lottery sales.
Palm, Inc. (NASDAQ: PALM) announced Friday it is introducing the Palm Treo 750 smartphone in Australia.
The FTSE edged up on Wednesday, led by sugar and sweetener maker Tate & Lyle and banking consolidation talk, but miners and oils limited gains as some commodity prices fell.
Water firm AWG said on Monday it has agreed a 2.2 billion pound takeover offer from Osprey, an investment group including Canadian, Australian and British firms.
