Family Dollar rejects rival's $9.7bn takeover bid

Family Dollar, the US discount retailer, has rejected a $9.7bn (£5.8bn) bid from larger rival Dollar General. Family Dollar said the offer could face competition issues and "did nothing to address" the matter.

Poundland in £750m stock market float

Discount chain Poundland plans a £750m flotation on the London Stock Exchange.

Moody's downgrades Co-op Bank's debt rating to 'junk'

Ratings agency Moody's has downgraded the Co-operative Bank's debt rating to "junk" status, citing fears that it is vulnerable to potential losses.

Ford tells shareholders to be patient about stock price

WILMINGTON: The executive chairman of Ford Motor Co asked for patience from investors who pressed him about the company's languishing stock price at the automaker's annual meeting on Thursday.

ArcelorMittal cuts $4.3bn from value of Europe business

Steel giant ArcelorMittal is to write down the value of its European business by about $4.3bn (£2.6bn) because of the economic downturn on the continent.