Michael Murray

Rinehart Faces Ownership Threat to Pilbara Iron Ore Mines

Gina Rinehart, Asia’s richest woman, is being sued for half her stake in some Western Australian assets, which include a mine being developed with Rio Tinto Group, by the family of her father’s former partner.

Testosterone Chases Viagra in Libido Race as Doctors Fret

Eli Lilly & Co. and Abbott Laboratories are offering help to the 13.8 million American men who have low levels of testosterone. Doctors warn that demand for the treatments could lead to overuse with deadly side effects.

Rinehart Seeks to Reclaim 3 Billion-Ton Iron Ore Stake

Gina Rinehart, Asia’s richest woman, is attempting to reclaim a stake in one of Australia’s most valuable iron ore assets, after a judge awarded the holding to Wright Prospecting Pty two years ago.

Short-Selling, U.K. Insider Trading, Libor: Compliance

Spain and Italy reinstated a short- sale ban on stocks as bank shares plunged to record lows, bond yields rose and the euro traded below its lifetime average against the dollar on concern the debt crisis is growing.

Hancock Land Accord Died With Company Founder, Ex-Partner Says

An agreement Gina Rinehart claims gives her a stake in a 3 billion ton iron ore property in Australia died with her father Lang Hancock in 1992, and the stake is rightfully owned by the family of Hancock’s former partner Peter Wright, a lawyer for Wright’s company said.

Rinehart’s Hancock Skirts Reciprocity on Benefits: Judge

Billionaire Gina Rinehart’s Hancock Prospecting Pty availed benefit from a 1984 division of assets agreement with then partner Wright Prospecting Pty and didn’t reciprocate, according to an appeals judge hearing a dispute over a 3 billion ton iron ore property in Australia.

U.S. Rail Regulator Deceived Congress, California’s Denham Says

The top U.S. railroad regulator was accused by a House member from California of misleading Congress to promote the state’s proposed high-speed train network, which President Barack Obama’s administration supports as cost estimates escalate.

IBM, Fujifilm, Buffalo Wings: Intellectual Property

International Business Machines Corp. , Samsung Electronics Co. and Microsoft Corp. led the winners of U.S. patents in 2010, when grants of a main safeguard of intellectual property jumped 31 percent.

Insurers Post First Sales Gain Since 2006 on Rates, Economy

U.S. property and casualty insurance sales rose for the first time in four years as carriers raised rates and individual and commercial clients expanded coverage amid an economic rebound.

Insurers Post Biggest Underwriting Loss Since 2008 Storms

U.S. property and casualty insurers posted the biggest underwriting loss since 2008 as carriers with business outside the country paid claims tied to natural disasters such as the March earthquake and tsunami in Japan.

"The note at the foot of the memo in the hand of Lang Hancock reads:' Agreed in principle subject to documentation with choice of list of assets to be made by EAW before the end of the week. EAW now chooses Group 1 & X, LGH to take Group 2 & Y."

- Michael Murray on Jun 11, 2012

Australia

New York

Asia

Supreme Court

Tesla Surges After Posting Profit; Value Exceeds Fiat’s

Bangladesh Building Collapse Death Toll Reaches 1,000

Yen Weakens Past 100 Per Dollar for First Time in Four Years

N.Y. Senate Fracking Backer Tied to Firm With Gas Lease

U.S. Stocks Fall as Investors Weigh Plosser Comments