Australia bars foreigners from buying world's largest ranch

The Australian government announced on Thursday it had barred foreigners from buying a company that owns the world's largest cattle ranch and other Australian farmland greater in area than South Korea. The company, S. Kidman & Co. Ltd., owns 10 cattle ranches, a bull breeding stud and a feed lot covering 101,411 square kilometers (39,155 square miles) in four states. That's an area bigger than South Korea and almost as big as the U.S. state of...