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Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

News Corporation has acquired a 14.58% stake in Premiere AG, the German pay-TV operator, for €287 million in cash.

Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10.

Family-owned Landmark Communications, the US-based media conglomerate, has confirmed it is putting itself up for sale.

Ford Motor Company has announced that fellow family-owned firm Tata Motors, part of the Tata Group, has been chosen as the highest bidder for its luxury Jaguar and Land Rover brands.

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