Combative Stronach Defends MI Developments Deal
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MI Developments chairman Frank Stronach bluntly told unhappy minority shareholders on Monday that he would not run the company on their agenda and offered few details on
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SWISS mining giant Xstrata issued documents backing its hostile $7.4 billion cash offer for WMC Resources yesterday and cranked up a fear campaign to focus shareholders on the downside risk if the bid were to lapse.
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Alcatel disputed criticism about its planned takeover of Lucent and insisted that the deal would be good for shareholders.
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The California-based group has challenged the European Commissionâs finding from March that Microsoft abused its dominance of PC operating systems, but its top counsel said negotiations remained the preferred course.
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FRANKFURT/TOKYO  - DaimlerChrysler AG DCXGn.DE  insisted on Thursday that joint development projects with  Mitsubishi Motors Corp 7211.T (MMC) would continue despite  its refusal this year to help bail out its Japanese partner.
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TORONTO (CP) - A Russian steel company has gone to court to block Deutsche Bank&#39;s refinancing proposal for Stelco Inc., one of a flurry of legal objections filed Friday against a sales process critics say is biased in favour of the German bank.
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Anglo-Australian mining giant Rio Tinto has defended the price it has offered for Canada&#39;s Alcan, saying that the robust economic growth of China and India would see the business prosper.
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In court filing, the Justice Department tries to fend off criticism of analysis approving mergers between AT&T and SBC and Verizon and MCI.
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Business figures defend the paying of bonuses to City executives after an attack by the chancellor.
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Michael Ovitz staunchly defended his efforts as president of the Walt Disney Co. yesterday in between biting exchanges with the attorney representing shareholders in a $140 million lawsuit.
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PRAGUE- In the arbitration proceedings with the firm CME the Czech Republic made a number of mistakes, but it bears no guilt in the damage CME incurred in connection with its investments in the Nova commercial ...
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MANILA: Philippine President Gloria Arroyo defended her expropriation of a 650-million-dollar airport terminal built by Germany&#39;s Fraport AG and its partners, saying she only resorted to this after talks collapsed.
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Company denies the chip has been delayed, but many had expected it sooner.
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As Swiss-based miner Xstrata pushes ahead with its A$7.4bn (US$5.8bn) hostile takeover bid for WMC Resources, debate over the deal has narrowed to one key issue - the potential of the Australian miner&#39;s giant Olympic Dam project.
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DETROIT -- A top Ford Motor Co. executive defended the company's revised turnaround plan against criticism that it did not go far enough, saying yesterday that moving any faster would end up costing the automaker more.
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GEORGETOWN, Del.  - Michael Ovitz staunchly  defended his efforts as president of the Walt Disney Co. on  Thursday in between biting exchanges with the attorney  representing shareholders in a $140 million lawsuit.
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Michael S. Ovitz found himself on the defensive late Wednesday about his continuing relationship with the talent agency he had left for Disney.