Foster's admits wine venture was a...
FOSTER'S GROUP has conceded that its $7 billion foray into wine has been a disaster, announcing the shock departure of its chief executive, Trevor O'Hoy, writing down its wine...
06/10/08
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Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Foster's admits wine venture was a disaster
June 10, 2008
FOSTER'S GROUP has conceded that its $7 billion foray into wine has been a disaster, announcing the shock departure of its chief executive, Trevor O'Hoy, writing down its wine assets by up to $700 million and admitting that it overpaid in its $3.2 billion acquisition of Southcorp.
EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto
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 concerns about higher prices and reduced choice for EU customers of the mining concerns.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
07/22/08
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BHP Billiton pushes banks on $55b loan
BHP Billiton is expected to sign banks into the record $US55 billion ($A59.71 billion) loan backing bid Rio Tinto.
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.
Shares of BHP Billiton, Rio Tinto...
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover...
BHP eyes acquisitions
BHP Billiton is increasingly considering acquisitions in petroleum to add to growth opportunities within its business.
BHP Billiton not aware of any effort...
BHP Billiton Ltd. said Thursday it is not aware of any move by China to take a substantial stake in the miner, responding to a media report that helped boost the company's...
Lend Lease cashed up for acquisitions
Property developer Lend Lease is looking for acquisitions, hoping to take advantage of the fallout in property markets driven by financial market volatility.
02/28/08
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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...
CSL to acquire Talecris for $3.4b
Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
08/13/08
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BHP Billiton raises hostile bid for...
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a...