FALLS CHURCH, Va., March 29 /PRNewswire-FirstCall/ -- CSC (NYSE: CSC) today announced a five-year information technology (IT) contract extension with leading retailer Kmart Australia, valued at approximately $25 million (AUD$36.4 million).

Aussie home-improvement retailer Wesfarmers seems to be gaining traction in its drive to conclude the $16.6bn takeover of rival retailer Coles Group.

Kohlberg Kravis Roberts and CVC Asia Pacific have withdrawn from a private equity consortium set to bid for Australian grocer Coles.

By Gavin Evans Macquarie Bank and its buyout partners said Sunday that they would not extend their cash offer for Qantas Airways, the biggest airline in Australia, as they tried to bring their six-month campaign for Qantas to a close.

By ROHAN SULLIVAN SYDNEY, Australia - Australia's Qantas Airways said Wednesday it had been approached by Macquarie Bank and private equity firm Texas Pacific Group in an apparent takeover bid, sending the airline's stock soaring as much as 20 percent.