The Canadian aluminum producer Alcan rejected a $27.4 billion hostile bid from a rival, Alcoa, calling the offer inadequate. Read more..

By IAN AUSTEN - The New York Times

In Europe, shareholder activism now seems to be moving into the hands of ordinary investors. Read more..

By JULIA WERDIGIER - The New York Times

Nortel Networks said it would pay 1 million Canadian dollars ($921,000) as part of a settlement with the Ontario Securities Commission. The payment is not a fine. The company called it a contribution toward the cost of the commission’s inves... Read more..

By IAN AUSTEN - The New York Times

The acquisition will increase the original Internet video offerings produced by CBS’s interactive unit. Read more..

By BLOOMBERG NEWS - The New York Times

The $2.1 billion deal gives Vivendi unmatched market power in determining how much performers and songwriters earn from their creations. Read more..

By THE NEW YORK TIMES - The New York Times

German investor confidence rose to an 11-month high in May as company profits surged and economists raised their forecasts for growth this year. The Center for European Economic Research in Mannheim said its index of investor and analyst expectati... Read more..

By BLOOMBERG NEWS - The New York Times

Google said it invested $3.9 million this month in 23andMe, a biotech company co-founded last year by Sergey Brin’s wife. Read more..

By MIGUEL HELFT - The New York Times

Ben Weston, the chief of its hedge fund development and management group, has left the firm after two years. Read more..

By BLOOMBERG NEWS - The New York Times

OSI Restaurant Partners agreed to a higher $3.1 billion takeover offer from a group led by Bain Capital Partners and Catterton Partners. Read more..

By BLOOMBERG NEWS - The New York Times

The hedge fund stars may gleam, but the average fund did worse last year, after fees, than the S.& P. Read more..

By DAVID LEONHARDT - The New York Times