Thor ups offer for Empire State
Thor Equities, one of New York City's largest landlords, has raised its offer to buy the Empire State Building in central Manhattan. Thor has offered to buy Empire State Building Associates, which owns the land, the 102-storey tower, and the master lease on the historic skyscraper, for $US1.4 billion in cash.
Koch to buy Molex for $7.8b
Koch Industries, the sprawling US global industrial conglomerate, has announced it is buying Molex, a manufacturer of electrical components, for $US7.2 billion ($7.8 billion). Molex makes electronic and fibre-optic interconnection systems in 15 countries and employs more than 35,000 people worldwide.
Compo talks over spill
Shell officials have begun talks in Nigeria's southern city of Port Harcourt with representatives for the Bodo community on compensation and clean-up, five years after one of the worst oil spills in Nigeria's history.