Sallie Mae saga shows takeover market cooling down

A group of private equity firms and banks have threatened to scuttle their planned $25 billion buyout of Sallie Mae, the student lender said on Wednesday, in the most dramatic sign yet that a once-booming takeover market may be cooling.

IN BRIEF (Page 16)

Business International

Robust economic growth pushes stocks to lifetime peak

World stocks surged to another lifetime peak on Wednesday as robust economic growth and flourishing corporate takeover activity helped to ease concerns about the prospect of higher borrowing costs.

Bollenbach saves the best for last

Stephen Bollenbach, chief executive officer of Hilton Hotels Corp, made sure his last deal was his biggest.

IN BRIEF (Page 16)

Special Supplement

Global draw of event on the rise

The annual China Harbin International Fair for Trade and Economic Cooperation (Harbin Fair) is becoming a grand platform for international companies intending to tap the Russian market.

Harbin Fair reaps rich harvest

The 18th China Harbin International Fair for Trade and Economic Cooperation (Harbin Fair) has been a great success, said a senior official of the Heilongjiang provincial government.

Cross-border bridge on Heilong River to bring Russia closer

The first bridge across the Heilong River, which borders China and Russia, is due for completion by 2010, a Russian government official said.

Going green proving lucrative for Heilongjiang

The famed green food industry of Heilongjiang Province reaped a bountiful harvest at the 18th China Harbin International Fair for Trade and Economic Cooperation (Harbin Fair), with the inking of 16 project deals involving a total investment of 6.86 billion yuan.

Business International