LONDON - UK music group EMI is considering imposing a deadline of January 31 for potential merger partner Bertelsmann to either table its takeover offer or pull out.
Shares in troubled online retailer Letsbuyit.com plunged by as much as 70% yesterday, as it failed to reach a decision over its future during talks with court-appointed officials in the Netherlands.
Asda is planning to build 13 new stores this year, creating a total of 5,000 new jobs.
News Corporation is to abandon its online medical joint ventures with internet healthcare group WebMD following a decline in the medical brand’s share price from 75 to 7 since last January.
Troubled German media group EMTV is facing compensation claims from shareholders that could run to DM10m ( 3.2m), amid accusations that it misled investors about its financial performance.
Online music company Napster has signed a deal with Edel, one of the world’s largest independent music companies.
Yahoo! is set to ban the sale of Nazi memorabilia from its online auction sites.
News Corp has unravelled its ambitious joint venture with Web MD, the online health site. Under the terms of the move, two key elements of the agreement have been dissolved. Rupert Murdoch's operation originally took a 10.8% stake in Web MD in December 1999, as part of a broad $1 billion (£0.6 billion)...
JCDecaux retains London Transport contract
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