Billabong Founder Survives Shareholder Revolt

Billabong International Ltd. founder Gordon Merchant was reappointed to the board of Australia’s largest surfwear company, surviving a push by an investor group to dump him for opposing a takeover bid.

European Stocks Close Lower for Fourth Day in Five
59:06 - European stocks closed lower to end the week as the Stoxx 600 fell 0.3 percent. Bloomberg's Mark Barton breaks down the day's trading on "Bloomberg Markets: European Close." (Source: Bloomberg)
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