News that Whole Foods chief John Mackey has been criticizing rival Wild Oats in an online forum for investors has stirred up controversy, but that's not what might sink the organic grocery chain's bid to buy its competitor, reports Stephen Beard.
With worldwide investments expected to double to almost $300 trillion by 2015, institutional investors must now think Turkey and China. Ashley Milne-Tyte looks at the growing importance of emerging markets.
It's official: mining giant Rio Tinto has agreed to buy Canadian aluminum group Alcan. And the deal worth than more $38 billion easily tops the unwelcome offer from U.S. rival company Alcoa. Stephen Beard reports.
China is worried about its reputation, and rightly so, as importers throw up trade barriers. Responding to worldwide concern over the safety of its products, the government banned the use of a dangerous chemical in toothpaste. Scott Tong has more.
Canadian aluminum maker Alcan has been in a bind for the last two months, fighting off a hostile takeover from U.S. rival Alcoa. Today there's word that Alcan may have found a willing partner in London-based Rio Tinto. Michael Hlinka gives us the back story.
The subprime mortgage fallout just keeps on coming as the U.S. dollar hits another all-time low against the euro. And that could spook international investors as well as would-be American tourists. Stephen Beard explains.
Developers and realtors in pockets of Southern California are channeling a new stream of South Korean investment money to stave off the slump that's hit much of the U.S. housing market. Lenora Chu has the story.
China today executed Zheng Xiaoyu, former head of its food and drug agency, for taking payoffs from drug companies to OK untested medicines, one of which led to the deaths of 10 people. Scott Tong tells us what else China's doing to improve safety.
Citizens of Zimbabwe have been faced with staggering 4,000% inflation, but President Robert Mugabe's latest move to address the situation is about to leave the African nation without food or gas to buy at any price. Gretchen Wilson fills us in.
