Rio Tinto shares rose after BHP Billiton launched a $147.4 billion formal bid for the company. CNBC's Sri Jegarajah and Amanda Drury bring you the latest including comments from Marius Kloppers, CEO of BHP Billiton.

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Race Car Driver Danica's Big Weekend Thu 23 May 13 \| 01:55 PM	Boston's Pricey Real Estate Thu 23 May 13 \| 01:46 PM	April New Home Sales Up 2.3% Thu 23 May 13 \| 01:44 PM	2 More Arrests In London Murder Thu 23 May 13 \| 01:42 PM	Beginning of a 5% Correction: Pro Thu 23 May 13 \| 01:40 PM
Cashin on the Markets Thu 23 May 13 \| 01:35 PM	Nasdaq Rebounds After Morning Sell Off Thu 23 May 13 \| 01:33 PM	Safe Haven Demand Boosts Gold Thu 23 May 13 \| 01:30 PM	Aeropostale Executive Confronted Thu 23 May 13 \| 01:27 PM	NOAA Predicts Above Normal Hurricane Season Thu 23 May 13 \| 01:13 PM
What Should Corporate Taxes Look Like? Thu 23 May 13 \| 01:13 PM	Global Sell Off & Recovery Thu 23 May 13 \| 01:03 PM	Nasdaq Check: Tech Stocks Recover Thu 23 May 13 \| 01:02 PM	Doug Kass Takes on Goldman Thu 23 May 13 \| 01:02 PM	3 Senior Execs at SAC Capital Receive Subpoenas Thu 23 May 13 \| 01:00 PM
FMHR Final Trade Thu 23 May 13 \| 12:58 PM	Managing a Losing Trade: PBF Thu 23 May 13 \| 12:51 PM	Gap Gets Set to Report Earnings Thu 23 May 13 \| 12:41 PM	Bear Doug Kass 'Staying the Course' Thu 23 May 13 \| 12:39 PM	Futures Now: Will Japan Save Gold? Thu 23 May 13 \| 12:30 PM
Retail's Winners, Losers to Watch: Pro Thu 23 May 13 \| 12:22 PM	Japan Equities Plunge Thu 23 May 13 \| 12:15 PM	No Risk in QE Tapering: Strategist Thu 23 May 13 \| 12:10 PM	Pullback 'A Great Opportunity': Najarian Thu 23 May 13 \| 12:01 PM	ISS Pays SEC $300,000 to Settle Charges Thu 23 May 13 \| 12:00 PM
Future of the Rally: All Eyes on the Fed Thu 23 May 13 \| 12:00 PM	Songza Takes on Music Streaming Titans Thu 23 May 13 \| 11:50 AM	Bass: BOJ Facing 'Rational Investor Paradox' Thu 23 May 13 \| 11:47 AM	European Markets Close Thu 23 May 13 \| 11:30 AM	European Markets Close Sharply Lower Thu 23 May 13 \| 11:30 AM

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BHP Billiton Launches Hostile Bid for Rio

BHP Billiton Launches Hostile Bid for Rio

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