Reuters - U.S. oil and gas producer Anadarko Petroleum Corp. on Friday said it agreed to buy smaller rivals Kerr-McGee Corp. and Western Gas Resources Inc. for more than $21 billion in cash to expand in the U.S. Gulf of Mexico and Rocky Mountains regions.

Reuters - Venezuelan investor Gustavo Cisneros on Friday bowed out of an investor group led by Mexico's Televisa to bid for U.S. Hispanic broadcaster Univision Communications Inc. .

Reuters - About 40,000 hourly workers have accepted buyout and early retirement offers from General Motors Corp. and Delphi Corp. , exceeding expectations and potentially resulting in significant cost savings for the automaker.

Reuters - A Goldman Sachs-led consortium has outbid Australia's Macquarie Bank for Associated British Ports after raising its cash offer in an auction to nearly 2.8 billion pounds ($5.2 billion).