ADM said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash.» Read More
Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.
PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.
CHICAGO-- Grains futures rose Wednesday on the Chicago Board of Trade. Wheat for December delivery gained 8.5 cents to $8.5625 per bushel; December corn rose 7.25 cents to $7.455 per bushel; December oats increased 3.25 cents to $3.9575 per bushel and November soybeans gained 15.5 cents to $15.0925 per bushel.
WASHINGTON-- Drug and medical device maker Abbott Laboratories reported a higher third-quarter profit Wednesday, edging past analyst expectations, even as revenue slipped. Spokeswoman Adelle Infante said that the layoffs were in Abbott's nutrition, medical devices, established pharmaceuticals and molecular diagnostics divisions.
NEW YORK-- McDonald's Corp. reports its third-quarter results Friday, which should give a glimpse of how the world's biggest hamburger chain is coping with intensifying competition and the challenging global economy. WHAT TO WATCH FOR: After outperforming its rivals for years, some analyst think McDonald's may be entering a period of slower growth.
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CHICAGO-- Grain prices rose Wednesday in early trading on the Chicago Board of Trade. Wheat for December delivery rose 3.25 cents to $8.51 per bushel; December corn gained 0.75 cent to $7.39 per bushel; December oats were unchanged at $3.9225 per bushel and November soybeans increased 4.25 cents to $14.98 per bushel.
DOWNERS GROVE, Ill.-- Dover Corp.' s third-quarter net income rose 40 percent, helped by acquisitions and by the absence of a big loss tied to discontinued operations from a year ago. Dover earned $241 million, or $1.31 per share, in the quarter ended Sept. 30, compared with $172.3 million, or 91 cents per share, a year earlier.
LISLE, Ill.-- Heavy truck and engine company Navistar International Corp. said Wednesday that it named John Pope to its board. Pope's appointment and Harrison's retirement are effective immediately, keeping the total number of Navistar board members at 10, Navistar said.
JACKSON, Miss.-- A federal appeals court has upheld the more than 14- year sentence George Coe Jr. received for his role in a telemarketing scam case in Mississippi. Prosecutors said the scam netted tens of thousands of dollars from victims in California, Illinois, Kansas, Maryland, Michigan, Mississippi, New Hampshire and Vermont.
WASHINGTON-- Drug and medical device maker Abbott Laboratories reported higher third-quarter profit Wednesday, edging past analyst expectations, even as revenue slipped. Net income for the three months through Sept. 30 jumped to $1.9 billion, or $1.21 per share, from $303 million, or 19 cents per share, a year ago.
BELLEVILLE, Ill.-- The families of a three babies sickened by a rare bacterial infection, including a 10- day-old Missouri infant who died, filed a lawsuit Tuesday against the Illinois- based manufacturer of a powdered baby formula that they believe is responsible.
CHICAGO-- A for-profit nursing home company owned by a politically connected Chicago businessman is a partner in a project Illinois Gov. Pat Quinn announced Tuesday that aims to control health spending for high-cost Medicaid recipients.
CHICAGO-- Northern Trust Corp. said Wednesday that its third-quarter net income rose 5 percent due to higher fees from clients for managing their money. The wealth management firm, which is based in Chicago, earned $178.8 million, or 73 cents per share, in the three months through Sept. 30, up from $170.4 million, or 70 cents per share, in the same quarter last year.
CHICAGO-- Houston, San Francisco and South Florida are bidding for the 2016 and 2017 Super Bowls. NFL owners will vote next May between San Francisco _ the 49 ers are building a new stadium in Santa Clara, Calif., _ and South Florida for the 50th Super Bowl in 2016. The loser of that race will then compete with Houston for hosting the 2017 game.
CHICAGO-- The NFL is doubling down on London. The league announced Tuesday that the Minnesota Vikings will host the Pittsburgh Steelers at London's Wembley Stadium on Sept. 29, 2013. This is the first time the NFL will play two regular-season games in London in the same season.
ABC, NBC and the CW all debuted new dramas last Wednesday to varied receptions. It finished a strong second behind CBS' long-running "CSI: Crime Scene Investigation" at the 10 p.m. ET slot. Despite that showing, long-slumping NBC can boast about its best showing for an early TV season in a decade.
ABC, NBC and the CW all debuted new dramas last Wednesday to varied receptions. NBC's " Chicago Fire" was a disappointment in the same time slot. NBC continued its best start in a decade in the ratings.
CHICAGO-- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board. Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984..
New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition. Haslam was introduced as the Browns' new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner.