Arnault, Colony take 10-percent stake in Carrefour; chairman resigns
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French billionaire Bernard Arnault and US fund Colony Capital said Wednesday that they have amassed a near 10 percent stake in Carrefour, the world's second largest retailer.
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The proposed takeover of Manchester United by the American billionaire Malcolm Glazer collapsed last night when it emerged that the club&#39;s major shareholder, John Magnier
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The announcement that the Baer family will give up control of Julius Baer Holding sent shares to a 10-month high on speculation the company might be bought.
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Wal-Mart Stores Inc. , the world's biggest retailer, struck a $1 billion deal to take over a Chinese rival by 2010, challenging Carrefour  as the largest operator of super-centers in booming China.
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The man behind Argonaut games went into administration a week ago has bought back most of the group.
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The private-equity firm invests more than 10% of its assets in the latest quarter.
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Philip Knight is to resign as chief executive of sports footwear and clothing giant Nike although he will remain as chairman.
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Luc Vandevelde resigned as chairman of Carrefour SA in a shakeup that followed the disclosure that two new shareholders had acquired a nearly 10 percent stake in the world's second largest supermarket retailer.
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SRF to take control of Neuf Cegetel France's second largest network operator SRF has notified Neuf Cegetel, in which SFR already holds a 40 per cent stake, of its intention to buy up a controlling interest in the company. This will take the form of another 30 per cent, currently owned by the Louis Dreyfus group.â¦
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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Media & professional: Board member resigns in protest at the endorsement of Murdoch's $5bn Wall Street Journal takeover bid.
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TORONTO (CP) - Eugene Melnyk, who used his personal fortune to buy the Ottawa Senators last year, stepped aside Thursday as chief executive of Biovail Corp.
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MANCHESTER United were plunged into civil war last night after three directors were ousted from the board by the American sports tycoon Malcolm Glazer.
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Shares in Pfizer Inc, the world's biggest drugmaker, fell more than 10 percent in early trade in Europe on Monday, after news it had scrapped its most important experimental drug.
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The management shake-out at Carlsbad-based Callaway Golf Co. continued today with the resignation of president and chief operating officer Patrice Hutin.
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Global brewer and winemaker Foster&#39;s Group has sold its remaining 10 per cent stake in former subsidiary Australian Leisure &amp; Hospitality into the Woolworths takeover offer.
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FBR Capital Markets, the Arlington investment bank, said yesterday it would lay off 10 percent of its workforce "in response to adverse market conditions."