BP will give its first full account of the causes of the Deepwater Horizon disaster, and is expected to say that there were failures committed by BP but also by other companies involved in drilling the Macondo well

The state-owned Chinese group has asked Singapore’s state investment agency to join a consortium to mount a counterbid to BHP’s $39bn offer for Canada’s PotashCorp, but Temasek has made no decision, says a person familiar with the matter

Foster’s has rejected an unsolicited A$2.7bn cash offer for its wine business from an international buy-out group, saying the proposal “significantly” undervalues the unit

Hewlett-Packard has sued to block Mark Hurd, its former chief executive, from taking up a senior role at Oracle, adding a twist to a saga that has transfixed Silicon Valley

Private equity group trades verbal blows with US lender after mediation talks collapse, setting the stage for an acrimonious battle over who is to blame for the $6.1bn takeover of music group EMI

Martin Sullivan, who was ousted as AIG chief executive just three months before the world’s largest insurer was rescued by the US government, has returned to the industry with a leading executive role at Willis Group

Vodafone has agreed to sell its entire stake to banks led by Goldman Sachs, Morgan Stanley and UBS, who will in turn sell the shares on to institutional investors

A wide-ranging overhaul of the rules governing equity markets, including tougher controls on high-frequency traders, is being weighed by the Securities and Exchange Commission in the wake of the May 6 “flash crash”, the agency’s head said

In his first ‘state of the union’ address to the European parliament, Commission president José Manuel Barroso, appealed for action to consolidate an uneven economic recovery

Stricken social housing group moves to appoint administrators and asks for its shares to be suspended after its lenders refuse to provide the funding it needs to restructure