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The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch’s rejection.

The overall trend of increased global wealth continues despite the slowdown in the global economy, according to the 2008 World Wealth Report by Capgemini and Merrill Lynch.

Family-owned Huntsman Corp has hit back in the battle over its proposed merger with Hexion Specialty Chemicals by suing private equity firm Apollo Management

Huntsman Corporation has said it will “vigorously enforce all of its rights” to consummate the merger agreement it signed with Hexion Specialty Chemical last year.

Malvinder Singh, third generation CEO of Ranbaxy Laboratories, has revealed why he decided to sell the business in which his family held a 35% stake.

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