business's Blog

TORONTO/SINGAPORE (Reuters) – China’s state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada’s Potash Corp , the world’s largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

http://feeds.reuters.com/reuters/businessNews

SAN FRANCISCO (Reuters) – Hewlett-Packard Co is suing former Chief Executive Mark Hurd following his hiring by rival technology firm Oracle Corp, court documents showed.

http://feeds.reuters.com/reuters/businessNews

BERLIN (Reuters) – Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

http://feeds.reuters.com/reuters/businessNews

WASHINGTON (Reuters) – Boeing is “actively” looking at potential acquisition opportunities in response to a changing security environment and will not rule out a merger with another large defense contractor, Boeing’s head of defense said on Tuesday.

NEW YORK (Reuters) – U.S. regulators are probing certain practices around “quote stuffing,” where large numbers of rapid-fire stock orders are placed and canceled almost immediately, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.

http://feeds.reuters.com/reuters/businessNews

NEW YORK (Reuters) – The Playboy Enterprises Inc special board committee tapped to evaluate Hugh Hefner’s offer to take the company private said on Tuesday it retained Raine Securities LLC and Kaye Scholer LLP as its financial and legal advisors, respectively.

TORONTO (Reuters) – Casey’s General Stores , the U.S. Midwest convenience-store chain fending off a takeover bid from Canada’s Alimentation Couche-Tard Inc , said on Tuesday it has received a rival proposal, sending its share price soaring.

DUBAI (Reuters) – Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances.

SINGAPORE (Reuters) – China’s state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada’s Potash Corp , sources with knowledge of the deal said on Tuesday.

HONG KONG/LONDON (Reuters) – Vodafone , the world’s largest telecom operator by revenue, launched the sale of its 3.2 percent stake in China Mobile on Tuesday, sources with direct knowledge of the process told Reuters.