Big Asia deals stall

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Two major takeover deals in the Asian region broke down, rattling the shares of targets Rio Tinto and Sanyo Electric Wednesday. World mining No.1 BHP Billiton dropped its $66 billion bid for the sector's No.2, citing its Australian rival's debt position and falling metals prices amid global recession, while Goldman Sachs said it had broken off talks with consumer electronics giant Panasonic for its stake in Sanyo. Dan Sloan reports.

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