(Reuters) Australian iron ore miner Fortescue Metals <FMG.AX> and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal, an accusation Fortescue denied.

Australia's dominant phone provider Telstra Corp <TLS.AX> said on Friday its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission...

Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp <POT.TO> to rival BHP Billiton's <BHP.AX> $39 billion hostile offer...

U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second...

The Federal Deposit Insurance Corp is not entitled to $900m it demanded from the parent company of the failed Colonial Bank...

American International Group Inc has filed an application with the Hong Kong Stock Exchange seeking approval to list its Asian life insurance business...

A shareholder of Cogent Inc has sued the company's board, saying it agreed to sell the maker of identification systems too cheaply to U.S. manufacturer 3M Co...

Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to be bought by investment firm 3G Capital for $24 per share, or about $3.26 billion...

Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...

Baidu Inc, operator of China's dominant search engine, said that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space...

Essar Group and other Indian, Southeast Asian and Australian firms have expressed interest in Australian miner Kangaroo Resources' GPK coal project in Indonesia, a Kangaroo executive said...

Indian energy major Reliance Industries, controlled by billionaire Mukesh Ambani, has bought an additional 0.68 percent in EIH Ltd, raising its holding to 14.8 percent in the hotel chain...

The United States likely will strike a ground-breaking deal by the middle of next year to sell the United Arab Emirates a multibillion-dollar Lockheed Martin Corp missile defense system...

Algeria has dropped Orascom Telecom's adverts from all of the country's terrestrial television stations, a source with direct knowledge of the situation said, the latest move in a long-running dispute...

European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said...

China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...

Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil-for-shares swap, a price seen as high that could limit interest in...

Australian energy firm Santos Ltd plans to raise as much as A$2 billion ($1.8 billion) in a rights issue to fund its Curtis Island liquefied natural gas project, The Australian newspaper said...

Eli Lilly & Co won a patent battle protecting its osteoporosis drug Evista, as an appeals court declined to toss out a permanent injunction preventing production of a generic copy of the medicine...

A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch...

China's Brightoil is wrestling with top players BP and Shell for leadership of the world's largest fuel oil market, in a tough trading climate that makes it difficult for any...

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT...

A subsidiary of France's Vinci, the world's largest construction group, is eyeing more complex projects in Abu Dhabi as it starts operations in a fiercely competitive market...

Israeli energy, automotive and real estate conglomerate Delek Group reported a drop in quarterly net profit, weighed down by higher financial expenses due to yen strength versus the shekel...