SYDNEY (Reuters) - Rio Tinto Ltd/Plc (RIO.AX) said a takeover proposal by rival BHP Billiton Ltd/Plc <BHP.AX remains "well out of the ballpark."
A company spokesman said BHP's three-shares-for-one proposal for Rio, worth around $139 billion, significantly undervalued Rio and its propsects.
NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers will lose Fox programing at midnight unless the cable service provider reaches a last-minute deal to pay News Corp fees to broadcast the network's shows.
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