LONDON (Reuters Life!) – Global warming will leave the Arctic Ocean ice-free during the summer within 20 years, raising sea levels and harming wildlife such as seals and polar bears, a leading British polar scientist said on Thursday.
NEW YORK (Reuters) – The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.
LONDON (Reuters) – Mining group Xstrata Plc gave up pursuit of rival Anglo American on Thursday due to “value” issues after many Anglo shareholders rejected its merger of equals proposal and demanded a premium.
SEOUL (Reuters) – Private equity houses, including U.S. firms Blackstone and KKR , are showing greater flexibility in approaching target assets as they face more pressure to deploy their capital, an M&A banker said.
BRUSSELS (Reuters) – Anheuser-Busch InBev, has agreed to sell breweries in nine eastern European countries to CVC Capital Partners for an initial $2.23 billion, passing its target for divestments since its merger a year ago.