Paul Edwards News
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After spending more money on acquisitions across Asia than any domestic rival, Australia & New Zealand Banking Group Ltd. would do better for its shareholders by unraveling some of that wager.
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Australia & New Zealand Banking Group Ltd., Australia’s third-largest bank by market value, plans to cut about 50 jobs in institutional and international banking as lenders trim costs amid weak credit demand.
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General Motors Co., after ditching costly Super Bowl ads, is betting a five-year sponsorship of the Manchester United soccer club will bolster its Chevrolet line in the first test of the brand’s new global marketing strategy.
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Pioneer Mortgage Services Pty, a Queensland-based lender, sued Australia & New Zealand Banking Group Ltd. and Columbus Capital Pty, alleging breach of contract regarding a portfolio of mortgages.
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Skadden Arps Slate Meagher & Flom LLP represented Upsher-Smith Laboratories Inc., which agreed to buy Proximagen Group Plc, a U.K. biotechnology company pursuing treatments for central nervous system diseases, for as much as 356.8 million pounds ($554.7 million).
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Airbus SAS and Boeing Co. may force mergers among component suppliers in the next 12 months as they seek to slash production and research expenses, according to aerospace executives and analysts at the Farnborough Air Show.
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General Motors Co. Chief Executive Officer Dan Akerson’s conflicts with maverick marketer Joel Ewanick started weeks before he was ousted for not properly disclosing as much as a third of the cost of a $559 million soccer deal, people familiar with the situation said.
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Skadden Arps Slate Meagher & Flom LLP represented Upsher-Smith Laboratories Inc., which agreed to buy Proximagen Group Plc, a U.K. biotechnology company pursuing treatments for central nervous system diseases, for as much as 356.8 million pounds ($554.7 million).
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U.S. budget cuts may spur a spending spree at BAE Systems Plc and other European companies reliant on the world’s biggest defense market as they rush to expand in military technologies best-placed to dodge the contraction.
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Mark Cuban, the billionaire owner of the Dallas Mavericks, must face insider-trading allegations that were dismissed last year by a lower-court judge, an appeals court ruled.
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