collected news

China's Yanzhou Coal courts Australia's Felix

China's strategic interest in the Australian resources sector is continuing after Yanzhou Coal Mining was unmasked as a suitor for Felix Resources, the coal mining group

Pinnacle collapse puts music labels at risk

Smaller record companies will be hit as one of the UK's largest distributors of independent music, which had a 4.3% share of the market last year, went into administration

China pursues state media listing

China National Publishing, the state-owned group through which the country controls the import and distribution of foreign media and books, is planning to restructure and list some of its subsidiaries

Celts spurn Grade over single ITV

STV and UTV, the two UK regional franchise holders of ITV licences, told Ofcom, that they wanted nothing to do with a single nationwide licence for Channel 3 in the UK

Fairfax chief exits Australia's oldest media group

Fairfax declined to provide a reason why David Kirk, the former captain of New Zealand's All Blacks rugby team and a Rhodes scholar, had resigned as chief executive

High & Low Finance: Trump Sees Act of God in Recession

Donald Trump has filed a lawsuit maintaining that the current financial crisis provides him with a good reason not to pay $40 million owed to Deutsche Bank.

U.S. to Auction Slots Soon at New York City Airports

Airlines, which assert that they own landing slots at Kennedy, La Guardia and Newark Liberty airports, hate the idea of an auction.

In Trade Post Contender, Political Benefits for Obama

Representative Xavier Becerra, Democrat of California, would punch several political tickets at once as the president-elect’s chief trade negotiator.

Loss Narrows at Toll Brothers, but Outlook Is Cloudy

The largest U.S. luxury home builder wrote down less inventory in the fourth quarter, but dire market conditions kept it from giving any kind of forecast.

A.M.D. Expects 25% Slide in Sales

The chip maker warned that fourth-quarter revenue would be much weaker than expected because of sluggish demand.

Merck Offers a Cautious Forecast for 2009

The company cited a harsh impact from the stronger dollar and continuing sluggish sales of several big medicines.

Breakingviews.com: Hedge Funds Need Makeover

The old hedge fund model has flaws to fix if they are to fight another day.

DuPont Cuts 2,500 Jobs and Warns of 4th-Quarter Loss

With steep drops in housing construction and auto sales, the company moves to trim $600 million in costs.

Icahn Increases Stake in Yahoo

The financier now owns about 5.4 percent of the Internet search company, according to a regulatory filing on Thursday.

Starbucks Issues a Warning on Profit

The warning came hours after the company’s chief executive tried to assuage concerns about the recession’s effect on the coffee retailer’s sales and profits.

Factory Orders Fall Sharply; Decline Is Steepest in 8 Years

The 5.1 percent decline was the third consecutive drop in demand for both durable goods and nondurable goods.

S.E.C. Charges a Venture Capitalist With Fraud

Federal authorities accused William Del Biaggio III of defrauding investors and using the money to buy his $25 million stake in the Nashville Predators hockey team.