(Reuters) - The panel rejected an application by the bid group, Airline Partners Australia , to allow last-minute backing from a large U.S. investor that would have given it enough shareholder support to extend the world's largest airline buyout.
"The Panel has decided not to commence proceedings in relation to APA's application," it said in a statement.
Read more at Reuters.com Mergers News
Saturday, May 5, 2007
Chavez to force steelmaker to supply Venezuela
(Reuters) - "If you do not agree, give me it, I'll grab the company, I'll pay whatever it costs, I am not going to rob you," Chavez said at an event to form a single political party from the dozens of groups that support him.
The man who calls Cuban leader Fidel Castro his mentor said he would pass the law for Sidor using powers Congress gave him to rule by decree this year.
Read more at Reuters.com Mergers News
The man who calls Cuban leader Fidel Castro his mentor said he would pass the law for Sidor using powers Congress gave him to rule by decree this year.
Read more at Reuters.com Mergers News
Buffett says may hire 4 CIOs, insurance to weaken
(Reuters) - The 76-year-old billionaire said he has received 600 to 700 inquiries for the CIO job since lamenting in his Feb. 28 annual shareholder letter that Berkshire has no internal candidates young enough to serve a long time.
Buffett has said Berkshire has three candidates to succeed him as chief executive.
Read more at Reuters.com Mergers News
Buffett has said Berkshire has three candidates to succeed him as chief executive.
Read more at Reuters.com Mergers News
Saudi Arabian Shares Decline, Led by Sabic; Kuwait Advances: Arab Stocks
(Bloomberg) -- Saudi Arabia's benchmark stock index declined for a second consecutive trading session, led by Saudi Basic Industries Corp. and Samba Financial Group. Shares in Kuwait rose.
Saudi Arabia's Tadawul All Share Index fell 73.11, or 1 percent, to 7460 at 12:47 p.m. in Riyadh. The measure has declined 5.1 percent this year.
Read more at Bloomberg Stocks News
Saudi Arabia's Tadawul All Share Index fell 73.11, or 1 percent, to 7460 at 12:47 p.m. in Riyadh. The measure has declined 5.1 percent this year.
Read more at Bloomberg Stocks News
US April jobs growth softens, unemployment rises
(Reuters) - The U.S. economy added a modest 88,000 jobs in April, the slimmest gain in more than two years, and the unemployment rate edged up, the government said on Friday in a report that showed weak economic growth taking a toll on the job market.
The Labor Department said the jobless rate ticked up to 4.5 percent from 4.4 percent in March, suggesting tight labor market conditions have finally begun to ease following tepid economic growth in the first three months of 2007.
Read more at Reuters Africa
The Labor Department said the jobless rate ticked up to 4.5 percent from 4.4 percent in March, suggesting tight labor market conditions have finally begun to ease following tepid economic growth in the first three months of 2007.
Read more at Reuters Africa
Late support revives Qantas bid-buyout group
(Reuters) - The group bidding for Australia's Qantas Airways Ltd. said on Saturday it would press on with the A$11 billion takeover offer after winning last-minute backing from a large U.S. investor.
The Airline Partners Australia (APA) consortium said it would appeal to regulators to keep the bid alive following the unidentified investor's late intervention, which came just hours after it said the offer had not won enough support to proceed.
Read more at Reuters Africa
The Airline Partners Australia (APA) consortium said it would appeal to regulators to keep the bid alive following the unidentified investor's late intervention, which came just hours after it said the offer had not won enough support to proceed.
Read more at Reuters Africa
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