Mergers and Acquisitions

Markets

Australian government open to CBS takeover of local network

Australia's communication's minister said Tuesday he did not have a preference for who owned troubled Australian television broadcaster Ten Network, with U.S. giant CBS Corp. making a takeover offer while a bid by local media moguls remains stymied in the Senate.

Markets

Australian government open to CBS takeover of local network

Australia's communication's minister said Tuesday he did not have a preference for who owned troubled Australian television broadcaster Ten Network, with U.S. giant CBS Corp. making a takeover offer while a bid by local media moguls remains stymied in the Senate.

Markets

It's a done deal: Amazon takes over Whole Foods

Amazon completed its $13.7 billion takeover of organic grocer Whole Foods on Monday, taking quick aim at the chain's "Whole Paycheck" image and bringing it in line with Amazon's practice of keeping prices low to lock in customer loyalty.

Markets

China merging state-owned energy giants

China's government says it will merge two of its biggest coal and power companies amid a campaign to make state industry that dominates the economy more efficient and profitable.