The agreement with Argentina's General de Combustibles marks the first of $13.7 billion of planned asset disposals by the embattled Brazilian oil giant.
The Colorado-based ski resorts operator hopes to lure more Australian skiers to visit U.S. slopes, and send more Americans to the mountains down under.
The New York-based investor is privately resigned to the likelihood its demand for a $9.9 billion payout will fail, but hopes to push Vivendi to explain its M&A plans.
P. Schoenfeld claims that excess cash has weighed on the company's share price and renews a breakup call.
France's Vivendi SA is preparing for a tussle with P. Schoenfeld Asset Management LP, a New York-based activist investor that asked the French company to sell its music operations.
The Chinese property developer says the discussions with a committee representing the holders of more than 50% of its bonds will continue after the bondholders rejected its restructuring proposal.
Swiss building materials maker Holcim will take a larger slice of the merged company, and Lafarge's divisive CEO has lost his chance to be CEO of the combined business.
The Lafarge CEO could become co-chairman, while Lafarge's CFO has emerged as a candidate to head the combined group, according to sources.
Lafarge agrees to negotiate a new exchange ratio but rules out Holcim's demand for more control in management of the combined group.
A newspaper report says Petroras has spoken to creditors about delaying the release of its audited results for another six months.