Hong Kong telecoms giant PCCW on Thursday scrapped a 2.1 billion US dollar bid by chairman Richard Li to take the firm private after he lost a dramatic court showdown with the city's regulators. Li said he was "disappointed" by Wednesday's appeal court ruling but added the case had become a burden to the company and "unnecessarily ...

Minnesota is deep in the hole financially, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a major zoo and land holdings the size of the Central American country of Belize. Valuables like these are in for a closer ...

President Cristina Fernandez proposed a government takeover of nearly US$30 billion in private pension funds on Tuesday, saying retirees must be protected from the global financial crisis. But her move spooked investors and triggered steep falls in Argentine stocks and bonds. "While the U.S. and other ...