Kill the competition: Gloomy Britain ... bailout backflip ... Intel shock
November 13, 2008
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
Rio Tinto says it is comfortable with debt level
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's share price plummeting.
Japan gives 11-day ultimatum to BHP...
The Japanese Government has ordered BHP Billiton, the world's largest miner,
to provide details of its proposed $78 billion ($£48.3 billion) takeover of
Rio Tinto within 11...
EU threat to Rio Tinto takeover
EUROPEAN regulators are this week expected to threaten to stop the proposed
takeover of Rio Tinto by BHP Billiton because of the dominance the pair have
over the world’s...
BHP Billiton scraps $66 billion bid...
BHP Billiton this morning scrapped its $66 billion hostile bid for rival Rio
Tinto, stating that it no longer believes the deal is in the best interests
of its shareholders...
BHP Billiton and Rio Tinto: the cost...
It usually takes years for shareholders to discover how much value has been
destroyed by an ill-conceived merger. For investors in BHP Billiton and Rio
Tinto, the bills have...
BHP Billiton and China's Baosteel...
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.
BHP Billiton says Chinese demand...
The world’s largest mining company, BHP Billiton, unveiled a record $15.4
billion profit this morning, fuelled by high commodity prices and continued
strong demand from China.$
BHP Billiton posts record 15.4-billion-dollar profit (AFP)
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong despite a global slowdown.
BHP Billiton posts record 15.4-billion-dollar profit (AFP)
AFP - The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices and strong Asian demand.
BHP Billiton reports record annual...
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
EU widens antitrust probe into BHP...
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed...
Fortescue ship refloated in Port Hedland
BHP Billiton says the grounding of a ship at the Port Hedland harbour illustrates why third parties should not be given access to its Pilbara rail network.
Investors furious as BHP pulls plug...
BHP Billiton’s hostile pursuit of Rio Tinto, its mining rival, ended
yesterday, bringing to a halt an extraordinary bonanza for advisers who have
reaped more than £400...
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
US antitrust regulator clears BHP...
Global mining giant BHP Billiton said Thursday that U.S. antitrust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto.
BHP Billiton reports record annual profit
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton reports record annual profit (AP)
AP - BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton books production records
BHP Billiton Ltd has booked full year production records for seven of the many commodities it sells, despite higher costs and supply disruptions.
E.U. Opens Fire On BHP
Regulators lodge objections to bid for Rio Tinto on competition grounds.
Europe May Balk At Mining Mega-Merger
A report surfaced that the European Union may object to BHP Billiton's proposed Rio Tinto takeover on antitrust grounds, sending both companies' shares plummeting in Sydney.
BHP Billiton posts record...
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong...
BHP Billiton posts record year profit...
Reuters - Top miner BHP Billiton ,
bidding for rival Rio Tinto in what would be
the world's second-biggest takeover, posted a 12.4 percent rise
in full-year net profit to...
BHP Billiton wins US approval for...
America's anti-trust regulators have given partial approval to BHP Billiton's
$38 billion ($£19.1 billion) offer for Rio Tinto but the deal is still
awaiting the opinion of...