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Business
Australian Associated Press
Wall St has record highs on stimulus hopes
Optimism about more pandemic relief under the new Biden administration has helped lift the S&P 500 and Nasdaq to record highs.
Business
Australian Associated Press
Aust shares close at 11-month high
ASX investors nudged the market to an 11-month high as lower unemployment and US President Joe Biden's first day in office encouraged optimism.
Business
Reuters
After failed Carrefour bid, Couche-Tard seeks to reassure befuddled shareholders
Canadian convenience store operator Alimentation Couche-Tard Inc has been quietly reassuring shareholders about its growth strategy after its abrupt plan to buy French retailer Carrefour SA befuddled investors and cast doubt about the stock's short-term prospects. Couche-Tard's $20 billion approach for Carrefour was rejected by the French government earlier this month on food security concerns. The bid for Carrefour pushed the Quebec-based company into unchartered territory - an untested market, a relative new business segment and its biggest deal yet - surprising shareholders.

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