Japan's Dai-ichi Life to buy US firm for $5.7 bnDai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home.
04 June 2014
France says proposed US fine on BNP Paribas 'unreasonable'France's foreign minister on Tuesday labelled as "unreasonable" a $10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba.
03 June 2014
El Salvador joins cut-rate oil groupingEl Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.
03 June 2014
New Apple software brings Macs and iPhones closerApple on Monday unveiled new operating software it hopes will create a seamless experience for users flitting between its coveted mobile devices and popular Macintosh computers.
03 June 2014
Saudi tests Cadbury chocolate for pork tracesSaudi Arabia has withdrawn Cadbury chocolate bars from the market for tests to ensure the products do not contain traces of pig DNA, after the banned substance was detected in Malaysia.
03 June 2014
You two: Bono, Edge join Fender boardU2 stars Bono and The Edge have joined the Fender board of directors, adding some rock and roll glamor to a company whose guitars they have been using for decades, it said.
31 May 2014
Apple buys music star Beats for $3 bnApple, seeking to bolster its position in the hotly contested online music sector, said Wednesday it was buying Beats Music and Beats Electronics in a much-hyped deal worth $3 billion.
Starbucks comes under 7-Eleven control in AustraliaThe owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its fortunes, the company said.
29 May 2014
Accor buys 97 hotels in Europe for 900 mn eurosHotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total of 900 million euros ($1 billion).
28 May 2014
Mining giants slam Australia's 'high' taxes, costs and currencyThree of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.
26 May 2014
Hundreds of thousands of Google's Nest smoke alarms recalledThe US Product Safety Commission on Wednesday issued a recall notice for 440,000 smoke and carbon monoxide alarms by Nest, a tech-driven start-up acquired by Google earlier this year.
22 May 2014
Australian tycoon sells racing empire to Mideast groupAustralian coal tycoon Nathan Tinkler on Wednesday said his thoroughbred breeding and racing empire had been bought by a consortium of local and Middle Eastern parties for an undisclosed sum.
21 May 2014
Google overtakes Apple as world's top brandUS search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said.
21 May 2014
Personal sports camera GoPro to hit stock marketThe company behind GoPro cameras used to capture sports action from players' perspectives filed on Monday to raise $100 million in a public stock offering.
21 May 2014
Australia's Treasury Wines rejects $2.85 bn takeover offerAustralia'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 airportA 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 bnCredit 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 bidBritish 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 eAccessInternet 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.
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