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Retail Distributors

  • *S&P 500 marks high for third straight day. Dec 9- Major U.S. stock indexes powered to another day of fresh records on Friday as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. "You have this post-election exuberance that has been infecting every area of the market," said Peter Costa, president...

  • *Europe and Asia's top banana distributors to join forces. DUBLIN, Dec 9- Japan's Sumitomo Corp has agreed to buy Fyffes for 751 million euros in a deal that will merge the largest banana distributors in Asia and Europe and provide a windfall to shareholders in the Irish company. Sumitomo said it had secured acceptances from 27 percent of shareholders, including...

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell as previously reported in October amid a surge in sales, supporting views that inventory investment would provide a modest boost to economic growth in the fourth quarter. The Commerce Department said on Friday that wholesale inventories decreased 0.4 percent after rising 0.1 percent in September.

  • DUBLIN, Dec 9- Sumitomo Corp is to buy Europe's biggest banana importer Fyffes for 751 million euros in a deal that aims to diversify and expand the Japanese trading company's business. Sumitomo is offering 2.23 euros in cash per share, a 49 percent premium to Thursday's price, and said it had secured acceptances from 27 percent of shareholders, including Balkan...

  • DUBLIN, Dec 9- Sumitomo Corp is to buy Europe's biggest banana importer Fyffes for 751 million euros in a deal that aims to diversify and expand the Japanese trading company's business. Sumitomo is offering 2.23 euros in cash per share, a 49 percent premium to Thursday's price, and said it had secured acceptances from 27 percent of shareholders, including Balkan...

  • Gregory 'Greg' Maffei, chief executive officer of Liberty Media Corp., speaks during a Bloomberg Television interview in New York, U.S.

    Liberty Media CEO Greg Maffei says that media giants are adjusting to the changing landscape of subscription-based video.

  • WASHINGTON, Nov 9- U.S. wholesale inventories in September rose slightly less than previously reported, the Commerce Department said on Wednesday. Inventories edged up 0.1 percent during the month, the department said. The department's monthly advance economic indicators report published last month had estimated that wholesale inventories rose 0.2...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for the prior three months were revised lower. "A lot of the pieces of the puzzle have come back together in a positive direction, with a pickup in the export of goods to the rest of the world and new home sales," said Chris Rupkey,...

  • Treasury debt prices fell on Wednesday, in line with losses in Europe and Britain, in generally quiet trading ahead of a debt auction later in the session and key U.S. gross domestic product data due on Friday. "There is no real catalyst except that Europe is under pressure here, with German bond yields and gilts higher," said Justin Lederer, Treasury analyst at Cantor...

  • Oct 17- Pfizer Inc said on Monday it plans to begin shipping its biosimilar version of Johnson& Johnson's blockbuster rheumatoid arthritis drug Remicade in late November at a 15 percent discount to current wholesale prices. The Pfizer drug, to be sold under the name Inflectra, is already available in Europe and other overseas markets and would be the second...

  • Oct 17- Food retailer and wholesaler Supervalu Inc said it will sell its Save-A-Lot business to Canadian private equity firm Onex Corp for $1.37 billion rather than spinning off the discount grocery chain as previously planned, the companies said on Monday. Save-A-Lot has a network of about 1,370 company-owned and licensed stores across 37 states in the...

  • WASHINGTON, Oct 7- U.S. wholesale inventories in August fell more than previously reported as businesses ran down their stocks of farm goods and clothes, the Commerce Department reported on Friday. Inventories dropped 0.2 percent during the month, the department said. A drop in inventory investment weighed heavily on economic growth in the second quarter, and...

  • TORONTO, Oct 6- Canada's major internet service providers must lower the wholesale rates they charge smaller rivals for access to their networks, the country's telecom regulator said on Thursday, saying it would protect consumer choice. The Canadian Radio-television and Telecommunications Commission said it has set lower interim rates that established...

  • TORONTO, Oct 6- Canada's major internet service providers must lower the wholesale rates they charge smaller rivals for access to their networks, the country's telecom regulator said on Thursday, in a move it said would protect consumer choice. The Canadian Radio-television and Telecommunications Commission said it has set lower interim rates that...

  • What the gov't can do on Herbalife: Herb Greenberg

    Herb Greenberg, Pacific Square Research Partner, and CNBC's Scott Wapner, discuss Bill Ackman's attack on Herbalife's business model.

  • An employee operates a forklift at the distribution center of the Oregon Freeze Dry facility in Tangent, Oregon.

    U.S. wholesale inventories rose less than expected in December, suggesting a moderation in the pace of stock accumulation.

  • Dhanin Chearavanont, billionaire and chairman of Charoen Pokphand Group Co. (CP Group), pauses while attending a conference hosted by the Thailand-China Chamber of Commerce in Bangkok, Thailand.

    A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.

  • In one of Herbalife's fastest-growing markets, sellers' extraordinary health claims are drawing unwanted attention.

  • Chinese lamb stew hot pot

    Shanghai authorities are testing mislabeled mutton from a wholesaler that supplies a chain of hot pot restaurants run by U.S. fast food firm Yum Brands.

  • These Are Gold's Key Levels: Pro

    Gold prices topped $1,675 an ounce, rising along with the euro after the European Central Bank gave no hints on near-term rate cuts.