News

Rupert Murdoch's flagship media business, the TV and film giant 21st Century Fox, plans to cut its links with his native land by delisting from the Australian stock market.

Margareta Pagano: Why winners should not be able to take all

Irene Rosenfeld, chairman and chief executive of Kraft, is being paid a $2.1m (£1.3m) cash award for her work last year. But that's only the icing on the cake: her total pay is a whopping $19.3m. According to Kraft, Rosenfeld is being paid the cash award part of the package even though she didn't meet all her financial incentive targets. This is mainly because she improved the "talent pipeline" by helping persuade certain Cadbury directors to stay on after the controversial bid.

Rival bid for New York as exchange battle heats up

Nasdaq OMX and the Intercontinental Exchange (ICE) hope to gatecrash Deutsche Borse's plan to merge with NYSE Euronext to form the world's largest stock exchange, unveiling their own rival bid yesterday. Their offer values the New York market at $11.3bn (£7bn), some $1bn more than the German exchange has offered to pay.

eBay pays £1.2bn for GSI Commerce

The auction website eBay is to buy the e-commerce company GSI Commerce for $1.96bn (£1.22bn) in cash in an attempt to win more business from large store chains.

Rival Nasdaq examines possible joint bid for market-leading NYSE

Investors are betting on a counter-bid for NYSE Euronext, the parent company of the New York Stock Exchange, which has agreed to merge with Germany's Deutsche Börse, amid talk that its smaller US rival Nasdaq OMX could make a takeover approach of its own.

Back on: The battle royale among stock exchanges

Singapore's takeover of Sydney might look like a local deal, but analysts say it could kick off a fresh wave of mergers, including London and the Nasdaq

David Loveday: Some tips from a boss who backs the bookies

James Moore talks betting, gambling overseas and flotations with the head of the gaming industry's Microsoft

The Business On... Bob Greifeld, Chief executive, Nasdaq OMX

So the marathon man is back

Telecoms pioneer Skype to float on Nasdaq in US

The group of investors which bought the internet telecoms pioneer Skype from eBay is planning a snap stock market flotation less than a year later.

Smart Technologies offers IPOs hope as it gets $660m Nasdaq listing away

Markets on both sides of the Atlantic breathed a sigh of relief as Smart Technologies, which makes interactive whiteboards, floated successfully in the US yesterday.

Chicago options exchange soars in US stock market debut

The last major unlisted bourse in North America went public yesterday when the Chicago Board Options Exchange, the biggest options trading venue in the US, began trading amid strong demand on Wall Street's Nasdaq index.

Administrators sell Raymarine

The US thermal imaging group Flir bought Raymarine yesterday in a $180m (£124m) deal after the debt-laden British manufacturer's banks put it into administration.

'Flash crash' triggers overhaul of trading rules

Regulators promised an overhaul of US stock exchanges and so-called "dark pools", after ruling out human error for last week's 20-minute stock market crash.

Apple updates MacBook Pro

Apple has updated its line of high-end laptops with faster processors, better graphics and longer battery life, as the company continues to take share in the personal computer market.

Business Diary: Free cinema tickets for suffering bankers

At last, someone who is prepared to show bankers some kindness. The Prince Charles Cinema in Leicester Square is showing Michael Moore's documentary Capitalism: A Love Story next week and is so concerned about the plight of our poor City folk that the first 50 bankers at each screening can get it in for free.

Microsoft profit beats on strong Windows 7 sales

Microsoft posted a bigger-than-expected 60 per cent jump in quarterly profit, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year.

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