Investors OK takeover bid by News Corp
Shareholders in Consolidated Media voted in favour of a A$2 billion (HK$16.1 billion) takeover offer from Rupert Murdoch's News Corp. The deal will double the stake of News Corp's Australian unit in dominant pay-television operator Foxtel to 50 per cent and give it 100 per cent of content provider Fox Sports, at the same time as it cuts back its print operations. Reuters
JP Morgan sues ex-boss of London Whale
JP Morgan Chase sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale for market-moving wagers at the division responsible for a US$6.2 billion trading loss. Javier Martin-Artajo is a defendant in a London lawsuit filed on October 22 by the bank and made public yesterday. Bloomberg
Kerry's Tangshan project draws buyers