AirAsia's Bid Draws Indonesia Scrutiny
AirAsia Bhd. may need to buckle up for turbulent weather: The bid by Asia's largest budget airline to buy Indonesia's Batavia Air has caught the attention of politicians and bureaucrats, who want a closer look before allowing another high-profile buyout by a foreign firm. While analysts and
Total Buys Oil Interests In Kurdistan, Challenging Baghdad
Total SA (TOT) challenged the Iraqi authorities Tuesday as it announced the acquisition of a 35% interest in two oil-exploration blocks in Kurdistan, a semi-autonomous region in northern Iraq, just days after the central government in Baghdad blacklisted Chevron Corp. (CVX) from contracts in the
Facebook Shares Sink to Record Low
Shares of the social networking site slid 6.2% as investors continue to worry about decelerating user growth, lackluster earnings and its ability to sustain its rich valuation.