Court Rejects Hedge Fund's Motion to Block Merger of Samsung Affiliates
A South Korean court on Wednesday rejected a motion by a U.S.
hedge fund to block a planned $8 billion takeover of the
construction arm of the Samsung conglomerate by the de facto
holding company of the business group, clearing the way for
shareholders to vote on the deal. (published 0236 GMT)
Sprint Hangs Up on Throttling Policy
Sprint Corp. said it would end a policy of slowing video speeds
for unlimited data customers, after an outcry over the practice
undermined the carrier's attempt to promote a new phone plan
Tuesday. (published 0241 GMT)
Puerto Rico Utility, Creditors Close to Deal to Avoid Default, Sources Say -- Update
The Puerto Rico Electric Power Authority and its creditors were
close to a deal Tuesday that would allow the cash-strapped utility
to pay more than $400 million to bondholders, said people familiar
with the matter, potentially staving off what investors feared
might be the first default of many from the U.S. commonwealth.
(published 0202 GMT)
Sysco Ends Plans to Merge With US Foods -- 2nd Update
Sysco Corp. abandoned its planned acquisition of rival US Foods
Inc. following a federal judge's ruling against the deal, forcing
the food-distribution giant to find a new strategy for its future
that is likely to include smaller acquisitions. (published 0053
GMT)
Asciano Receives Takeover Approach from Brookfield
Australian ports operator Asciano Ltd. said it had received an
8.83 billion Australian dollar takeover proposal from Brookfield
Asset Management Inc. . (published 0056 GMT)
Donna Karen to Step Down as Chief Designer of Namesake Company
DKNY is losing the DK. (published 0114 GMT)