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Australia's Treasury Wines rejects $2.85 bn takeover offer Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.

21 May 2014

South Korea's Kumho to upgrade Philippine airport A South Korean firm has won an $82.9-million contract to upgrade an airport at one of the Philippines' hottest tourist destinations, authorities said.

20 May 2014

Credit Suisse guilty on US felony charge, pays $2.6 bn Credit Suisse pleaded guilty and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

20 May 2014

AstraZeneca rejects Pfizer's final $117bn bid British drugs giant AstraZeneca rejected on Monday a final takeover bid from US rival Pfizer worth $117 billion, saying it undervalued the firm and created uncertainty and risk for shareholders.

20 May 2014

Yahoo Japan cancels $3.2 bn plan to buy eAccess Internet giant Yahoo Japan said Monday it had cancelled plans to buy domestic telecom company eAccess from its parent SoftBank Corp. in a deal that was valued at about $3.2 billion.

20 May 2014

Apple, Google call truce in smartphone patent war The technology titans behind the top two smartphone platforms in the world called a truce Friday in a long-running patent war.

17 May 2014

Mass layoffs expected at ArcelorMittal Temirtau ArcelorMittal Temirtau plans to dismiss almost one thousand Kazakhstan workers in 2014.

16 May 2014

Samsung promises compensation over cancer claims Samsung Electronics promised on Wednesday to pay compensation to a number of employees who claim they contracted cancer from working at the company's semiconductor plants.

14 May 2014

Petrobras probe on US refinery 'near end' An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.

13 May 2014

Kenes Rakishev buys into Magnum Cash & Carry Businessman Kenes Rakishev has bought a stake in Magnum Cash & Carry retailer network.

05 May 2014

Rolls-Royce says in talks to sell energy unit to Siemens German engineering giant Siemens, which is seeking to buy French firm Alstom's energy division, is in talks to purchase Rolls-Royce's energy production arm, the British aircraft engine maker said.

01 May 2014

India to tap in Caspian oil in Kazakhstan India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.

27 April 2014

Apple splitting stock as iPhone sales soar Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing."

24 April 2014

GSK, Novartis unveil major healthcare revamp British pharmaceutical giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.

23 April 2014

Mattel reports loss as Barbie sales plummet Toymaker Mattel has a problem: Barbie's performance has not been very pretty of late.

19 April 2014

S. Korea state insurer sues three tobacco makers South Korea's state health insurer said Monday it had filed a lawsuit against three domestic and foreign tobacco makers, seeking damages of 53.7 billion won ($51.6 million) for payouts over smoking-related illnesses.

15 April 2014

Citigroup cuts 200-300 jobs US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

15 April 2014

US launches probe into weight loss company Herbalife US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday.

13 April 2014

Samsung Galaxy S5 makes global debut The latest version of Samsung's flagship Galaxy smartphone went on sale worldwide Friday, days after the electronics giant announced it was facing a second consecutive quarter of profit decline.

12 April 2014

Chevron, YPF ramp up Argentina shale investment US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.

12 April 2014

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