The Canadian aluminum producer Alcan rejected a $27.4 billion hostile bid from a rival, Alcoa, on Tuesday, calling the offer inadequate. Alcan said that it was in talks with other companies and added that it was considering the possibility of turning the tables with a counterbid for Alcoa.
The House, eager to do something about record high gasoline prices in advance of the Memorial Day weekend, voted narrowly Wednesday to approve stiff penalties for those found guilty of gasoline price gouging.
People who shine laser pointers at airplanes could face up to five years in prison under legislation approved Tuesday by the House.
The Japanese parliament enacted on Wednesday morning a bill aimed at facilitating the realignment of U.S. military forces in Japan.
A former Coca-Cola Co. executive assistant was sentenced to eight years in prison on Wednesday for conspiring to steal trade secrets from the beverage giant and trying to sell them to rival PepsiCo Inc. for as much as $1.5 million.
A Serbian court has found 12 men guilty of the 2003 assassination of the pro-Western Prime Minister Zoran Djindjic in Belgrade.
Intel, the world´s largest chipmaker, and European rival STMicroelectronics are merging their flash memory businesses into a new company.
British Airways said on Tuesday it had decided to join a bid for Spanish airline Iberia led by private equity firm Texas Pacific Group.
Google is to ban adverts for essay writing services - following claims that plagiarism is threatening the integrity of university degrees.
The Supreme Court said yesterday that it will not get involved in a lawsuit brought by a congressional staffer who was fired by former senator Mark Dayton of Minnesota.
The British authorities said today that they would seek the extradition of a Russian businessman, Andrei Lugovoi, to face trial for the murder of Alexander Litvinenko, a former K.G.B. agent who died last November in London of radiation poisoning caused by a rare isotope, polonium 210.
Brazil´s state-owned oil and gas company Petrobras on Friday signed an agreement with Portuguese corporations Galp Energia and Partex on oil exploration and production.
Deutsche Lufthansa AG, Europe´s second-biggest airline, and Brazilian carrier TAM SA plan to sell seats each other´s flights in a move that could enable TAM to join the Star Alliance group of airlines.
There is little doubt about how grass-roots organizations feel about a bipartisan immigration compromise reached in the Senate: They don´t like it.
UniCredit SpA and Banca Popolare di Milano Scrl announced a combined 27.5 billion euros ($37.2 billion) of takeovers yesterday as Italian banks compete for branch networks in Europe´s most profitable major market.
The White House has dismissed former US President Jimmy Carter as "increasingly irrelevant", following his sharp criticism of President George W Bush.
UK music business EMI Group has agreed to be bought by private equity firm Terra Firma for £3.2bn including debt.
Diethylene glycol, a poisonous ingredient in some antifreeze, has been found in 6,000 tubes of toothpaste in Panama, and customs officials there said yesterday that the product appeared to have originated in China.
The Supreme Court Monday said it will consider a case that could have big implications for the $3 trillion municipal bond market.
Alltel, the wireless phone company, agreed last night to be sold to a consortium of private equity firms for $27.5 billion, marking the largest buyout ever in the telecommunications industry.
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