Corporate-bond buyers are accepting the lowest relative yields since before the 2008 financial crisis to own dollar-denominated notes that face declining returns as the Federal Reserve considers paring record stimulus.
Nine Entertainment Co. shares fell 3.4 percent on their stock market debut, almost 14 months after U.S. funds Apollo Global Management LLC and Oaktree Capital Group LLC took control of the broadcaster in a debt-for-equity swap.
The Australian radio station that made a hoax call to a London hospital about the Duchess of Cambridge said it’s canceling the show and will cooperate with authorities after a nurse who answered the phone was found dead.
Billionaire Gina Rinehart and John Singleton may seek control of Australia’s Fairfax Media Ltd. to pursue asset sales after teaming up to boost their say at the newspaper publisher, analyst Mark McDonnell said.
The Australian radio station that made a hoax call to a London hospital about the Duchess of Cambridge said it’s suspending the show and will cooperate with authorities after a nurse who answered the phone was found dead.
News Corp.’s A$1.94 billion ($2 billion) offer for pay-television company Consolidated Media Holdings Ltd. gained Kerry Stokes’s support after the billionaire’s Seven Group Holdings Ltd. was blocked from bidding.
Rupert Murdoch, Kerry Stokes and James Packer have veered from allies to bitter enemies over the years as each jockeyed to expand their Australian media empires. The three billionaires are at it again.