Business

A deal would have brought together some of the world's best-known brands.

$186b Big Food merger off table after Kraft walks away

​US food company Kraft Heinz Co withdrew its proposal for a $US143 billion ($186 billion) merger with larger rival Unilever, the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target.

Samsung chief arrested in corruption investigation

Jay Y. Lee has been arrested over his alleged role in a corruption scandal

The de facto leader of Samsung, Lee Jae-yong, was arrested Friday on bribery charges, a dramatic turn in South Korea's decades-old struggle to end collusive ties between the government and powerful family-controlled conglomerates.

Wall Street jumps to record on 'phenomenal' tax hopes

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US stocks jumped to another record, a key index of global sharemarkets hit a 20-month high and crude rallied as investors continued to bask in the afterglow of President Donald Trump's promise of "phenomenal" tax reform.

Salud! Tequila billionaires reap windfall from Cuervo float

The Beckmanns have capitalised on investors' bullish view of the Mexico City-based company despite growing tensions over ...

Juan Francisco Beckmann Vidal and Juan Domingo Beckmann - the heirs to the family that controls tequila giant Jose Cuervo - are seeing their net worth soar a day after the company carried out Mexico's biggest IPO in more than three years.

Billions spent, a 99% failure rate and no 'magic bullet'

Late last year, Eli Lilly shared disappointing results of a late-stage clinical trial of its experimental drug ...

Despite a 99 per cent failure rate and a recent setback, Alzheimer's researchers are plowing ahead with hundreds of experiments - and a boost in US federal money - to try to crack a deadly disease that has flummoxed them for decades.