PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More

Aug. 1 (Bloomberg) — Groupe Adeo SA , the French owner of the Leroy Merlin home-improvement store chain, agreed to buy Kingfisher Plc ’s Castorama Italy unit for 560 million euros ($872 million) in cash to bulk up in the country. Kingfisher rose as Read More

THE combination of rising interest rates and the global credit crunch has pushed the economy to the brink of recession. Consumers have reined in their spending and borrowing, while businesses are finding it hard to get the finance they need to Read More

LOS ANGELES (AP) - Media conglomerate Tribune Co. has appointed Steve Charlier as senior vice president of news and operations for the company’s broadcasting group. Tribune Broadcasting operates 23 television stations, WGN America on national cable Read More

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