BHP to scale back capital spending by a fifth Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.
15 May 2013
Icahn revamps Dell offer, calls buyout 'giveaway' A battle for US computer giant Dell heated up Friday as corporate raider Carl Icahn and other investors made a new offer and called a planned buyout led by company founder Michael Dell a "giveaway."
11 May 2013
New Zealand's Mighty River in strong stock market debut Shares in hydro-electric generator Mighty River Power debuted on the New Zealand stock exchange at NZ$2.73 ($2.29) Friday, a 9.2 percent premium on the NZ$2.50 initial public offer (IPO) price.
11 May 2013
Branson open to total sale of Virgin Australia Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline's branding is more important to him than ownership.
Best Buy withdraws from Europe US electronic goods retail giant Best Buy confirmed Tuesday it was withdrawing from Europe, selling its stake in its joint venture launched with Carphone Warehouse Group.
30 April 2013
Japan's ANA to test modified Dreamliner Japan's ANA is to test one of its modified Dreamliner jets on Sunday, three months after the worldwide fleet of 787s was grounded, as Boeing seeks to reassure passengers that the planes are safe.
Activists plant North Pole flag to fight oil drilling Activists have planted a flag at the North Pole along with millions of signatures calling for the Arctic to be declared a global sanctuary protected from oil drilling.
15 April 2013
Benckiser group to buy Dutch Masterblenders for 7.5bn euros Dutch tea and coffee producer D.E. Masterblenders said Friday that it has reached a conditional agreement with a German investor group led by Johann A. Benckiser on a 7.5-billion-euro ($9.8-bn) takeover deal.
12 April 2013
Woodside shelves huge gas project in Australia Australia's Woodside Petroleum Ltd. on Friday announced it was shelving onshore plans for the controversial multi-billion-dollar Browse liquefied natural gas export project.
Huawei looks to win back faith of United StatesChinese tech giant Huawei said Monday that it hoped to "solve the challenges and problems" it has in the United States after Washington labelled it a security threat last year.
08 April 2013
Shell puts last Australian refinery on market Global energy giant Shell announced Thursday it was selling its last remaining Australian refinery to focus on more sizeable assets abroad, a move that threatens 470 jobs.
04 April 2013
Apple apologises after China outrage Apple chief executive Tim Cook has apologised to Chinese consumers after the US technology giant was subjected to a barrage of criticism in state-run media over alleged "arrogance" and double standards.
02 April 2013
UPS to pay $40 million for illegal pharma shipments UPS Friday agreed to forfeit $40 million and implement a compliance program after a Department of Justice probe found the company delivered drugs on behalf of illegal online pharmacies.
BlackBerry shows signs of life in transition quarter Showing signs of fresh life, smartphone maker BlackBerry eked out a small profit in a transition quarter in the midst of its rollout of a make-or-break platform to challenge Apple and Android.
29 March 2013
American Airlines, US Airways merger approved A US bankruptcy court judge approved Wednesday the merger of American Airlines and US Airways, which will create the country's largest airline.
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