Ten Network creditors accept CBS takeover bid

Creditors of Australian broadcaster Ten Network Holdings have voted to accept a takeover bid from US network CBS. The struggling broadcaster is home to shows such as Masterchef, The Bachelor and Neighbours. CBS beat a rival offer from Twenty-First Century Fox executive chairman Lachlan Murdoch and his business partner …

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Some Auckland petrol stations run out of fuel after burst pipe

Several petrol stations in Auckland have been hit by fuel shortages as problems caused by damage to a pipeline in New Zealand’s largest city spread. Z Energy confirmed to the BBC that 13 service stations had run out of 95 octane petrol by Tuesday. The firm said fuel was …

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Slow drive?

Are electric cars really about to take over from the old-fashioned internal combustion engine? Judging by some of the headlines we’ve seen recently, you could be forgiven for thinking petrol and diesel engines were about to be consigned to the scrap heap. Yet the reality is rather different. There …

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Wisconsin approves $3bn deal for Foxconn factory

Wisconsin has approved a package of subsidies worth up to $3bn (£2.2bn) to Taiwanese manufacturing giant Foxconn in exchange for a new US factory.Republican Governor Scott Walker signed the controversial deal into law on Monday.He told reporters that work on the plant, which is to make LCD panels, should …

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