ADM said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash.» Read More
SHANGHAI/ HONG KONG, July 30- When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.
July 29- Edwards Lifesciences Corp posted stronger second-quarter earnings on Tuesday, propelled by a gain from a legal settlement and higher sales of heart valves that are implanted using a less-invasive procedure than traditional open-heart surgery.
NEW YORK, July 29- Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage.
WASHINGTON, July 29- Corporations that move their tax domiciles abroad would be denied federal contracts under legislation offered on Tuesday by Democrats in the U.S. Congress, targeting tax-driven deals known as inversions.
NEW YORK— McDonald's says it has been notified by a labor regulator that it can be named a "joint employer" for workers in its franchisee-owned restaurants. The same is true for many other companies, including Burger King Worldwide Inc. and Yum Brands, which owns KFC, Taco Bell and Pizza Hut.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for larger U.S. imports.
CHICAGO— Grain futures were lower Tuesday on the Chicago Board of Trade. Wheat for Sept delivery was 14.75 cents lower at $5.20 a bushel; Sept corn was 6.25 cents lower at 3.6150 a bushel; Dec oats were 4.25 cents lower at $3.3325 a bushel; while Nov soybeans declined 12.75 cents to $10.95 a bushel.
July 29- JPMorgan Chase& Co, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago and Dubai, according to the report.
Several states already allocate some lottery revenue to veterans, including three of Missouri's neighbors— Kansas, Iowa and Illinois— along with Texas and West Virginia.
The maker of popular Type 2 diabetes pill Januvia said Tuesday that net income increased to $2 billion, or 68 cents per share, from $906 million, or 30 cents per share, in the same quarter a year earlier.
VILLA PARK, Ill.— In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and takes home $435 per paycheck.
WASHINGTON, July 28- One of the biggest hold-out creditors in Detroit's bankruptcy will argue next month for a dismissal of the historic case to lead to more equitable treatment of all the city's creditors, according to a report obtained by Reuters on Monday.
*By invoking 1969 law, Obama could bypass Congress- former Treasury official. *Treasury Secretary Lew renews call for urgent action by U.S. Congress.
*Demand weak in Europe and Asia; supplies ample. *U.S., EU prepare more sanctions on Russia over Ukraine. NEW YORK, July 28- Brent crude oil slipped on Monday as forecasts for ample supplies in the Atlantic basin and weak demand in Europe and Asia mitigated fears of escalating tension in Ukraine and the Middle East.
*Soybeans supported by strong demand led by China. Wheat futures were lower but trimmed losses in the wake of a U.S. Agriculture Department announcement showing a wheat sale to Nigeria and a soybean sale to top importer China.
NEW YORK— As a transgender woman who began her transition about a year ago, Kylie Jack is still figuring out her fashion style, but she wanted one thing right away: well-fitting bras. Friends recommended Petticoat Fair in Austin, Texas, where she lives.
Walker has made outsourcing an issue in the governor's race by criticizing Democratic gubernatorial challenger Mary Burke for profiting from outsourcing done by her family's company, Trek Bicycle Corp. But the Republican governor has received campaign donations from multiple companies that outsourced jobs, according to campaign finance reports.
CHICAGO— Architects from Beijing and Chicago will design George Lucas' new museum to be built along Chicago's lakefront.
*China ops to come under direct control of U.S. headquarters. "This is my company and events like these have a personal toll... they simply don't represent the values I stand for or those of my company," Sheldon Lavin, the millionaire chairman, CEO and owner of Illinois- based OSI Group LLC told a news conference in Shanghai.