The news at a glance

Potash Corp.: Canada blocks a foreign bid; Air safety: Qantas grounds Airbus jets; Entertainment: Court loss clouds EMI’s fate; Automobiles: Chrysler reports loss but raises forecast; E-retailing: Amazon goes diaper shopping

Potash Corp.: Canada blocks a foreign bid

“Bowing to political pressure to protect a rich natural resource,” Canada’s Conservative government has blocked an Australian mining company’s takeover bid for Potash Corp., said Rob Gillies in the Associated Press. BHP Billiton had offered $38.6 billion for the Saskatchewan-based company, which controls a quarter of the world’s reserves of potash, “a fertilizer ingredient critical to the world’s food supply.” Canadian Prime Minister Stephen Harper decided to oppose the deal, despite his reputation as a free-market conservative, after political leaders in Canada’s western provinces expressed opposition. Harper’s minority government needs their support to remain in power.

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