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Petrobras Starts to Divest Assets With Deal to Sell Argentine Oil Fields

By Paul Whitfield

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.

09:46AM 04/01/15

Vail Resorts Schusses Into Australia, Buys Perisher Ski Resort

By Paul Whitfield

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.

09:54AM 03/31/15

PSAM Doesn't Expect to Win Vivendi Vote, Says Source Close to Activist Investor

By Paul Whitfield

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.

03:30PM 03/26/15

Vivendi to Shareholders -- Reject Activist Plan to Break Up Company

By Paul Whitfield

P. Schoenfeld claims that excess cash has weighed on the company's share price and renews a breakup call.

02:34PM 03/25/15

Vivendi Rebuffs Activist Pressing For Sale of Universal Music Business

By Paul Whitfield

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.

02:00PM 03/23/15

China’s Kaisa: Talks Continue After Creditors Spurn Restructuring

By Paul Whitfield

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.

10:41AM 03/23/15

Holcim and Lafarge Strike New Deal to Save $39 Billion Merger

By Paul Whitfield

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.

09:48AM 03/20/15

Holcim, Lafarge Discuss New Role for Lafont as Merger Salvage Operation Continues

By Paul Whitfield

The Lafarge CEO could become co-chairman, while Lafarge's CFO has emerged as a candidate to head the combined group, according to sources.

11:13AM 03/19/15

Holcim Threatens to Walk Away From $39 Billion Lafarge Merger

By Paul Whitfield

Lafarge agrees to negotiate a new exchange ratio but rules out Holcim's demand for more control in management of the combined group.

09:44AM 03/16/15

Brazil's Petrobas Slides to 12-Month Low as Corruption Scandal Escalates

By Paul Whitfield

A newspaper report says Petroras has spoken to creditors about delaying the release of its audited results for another six months.

05:15PM 03/13/15

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