*Olam to use funds for key acquisitions. *Olam to issue new shares to Mitsubishi at S $2.75/ share. SINGAPORE, Aug 27- Mitsubishi Corp's decision to spend $1.1 billion for one fifth of Olam International is a key vote of confidence that will allow the Singapore agri-trader to exploit M&A opportunities thrown up by the slump in the global commodities market.» Read More
AIRING: This ad by the Obama campaign is airing in the closely contested states of Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio and Virginia. SCRIPT: Republican nominee Mitt Romney said in the first presidential debate that he's "not in favor of a $5 trillion tax cut. It cuts to an image of NBC News reporter Andrea Mitchell citing the Tax Policy Center report.
"We should be finishing harvest in record time," South Dakota State University agronomy specialist Mark Rosenberg told the American News. "
VIRUNGA NATIONAL PARK, Congo-- Just a few weeks ago, rangers and militiamen were engaging in gunfights in Africa's oldest national park. Cannons boomed as Congolese army troops shelled rebels.
NEW YORK-- The man widely known as "Big" gets even bigger: He's playing J.P. Morgan, one of history's towering business magnates. It was one of Morgan's businesses that funded the Titanic, and Chris Noth appears in a supporting role in "Titanic: Blood and Steel," an epic 12- part miniseries about the building of the great ship.
NEW YORK-- A billionaire wine investor waited too long to file a lawsuit that claimed a New York auction house misrepresented a Bordeaux as belonging to Thomas Jefferson. A three-judge federal panel issued the ruling Thursday. It said William Koch missed the deadline when he filed the suit in 2005..
RICHMOND, Va.-- Twenty-two projects that will promote Virginia's specialty crops have received federal funding. The Department of Agriculture and Consumer Services says the $496,000 in grant money is for crops ranging from wine grapes to Christmas trees. The individual grants range from $5,000 to $30,000.
Eight of the 10 industry groups in the S&P 500 rose, led by a 1.1 percent gain for materials stocks. "We're in rally mode, so slightly positive numbers will do nothing to hinder that," said Ralph Fogel, investment strategist and partner at Fogel Neale Partners in New York. The Labor Department also said employers added 114,000 jobs to their payrolls last month.
BUFFALO, N.Y.-- The Cuomo administration has announced a $3.3 million project that will enhance public access to a stretch of Buffalo, N.Y.' s Lake Erie shoreline.
DENVER-- Colorado's governor is hinting that he'll announce hundreds of new jobs in an economic development announcement Friday. John Hickenlooper planned a Denver event for the announcement.
PLYMOUTH, N.H.-- A utility that provides electricity to 83,000 customers in 115 New Hampshire communities is bracing for a possible strike by the union representing lineworkers and other jobs. The New Hampshire Electric Cooperative and the International Brotherhood of Electrical Workers local have been bargaining since April.
The BPU says the typical Public Service Electric and Gas customer will save $38 a year. The savings for Elizabethtown Gas customers will be $26. New Jersey Natural Gas customers can expect a nearly $15 savings and rates for South Jersey Gas customers will be nearly $7 lower.
GUATEMALA CITY-- At least six people were killed and 30 were shot in a clash between security forces and protesters opposed to high energy prices in Guatemala. "Thirty people arrived to the hospital with shot wounds and another four were intoxicated with tear gas," said Deputy Health Minister Marco Vinicio Arevalo.
ATLANTA-- Atlanta's public transit system has named a Texas transportation official as its new chief executive officer and general manager. Before that, he was the CEO of the Charlotte Area Transit System in North Carolina. Parker was selected after a nationwide search for a new CEO and general manager of the Metropolitan Atlanta Rapid Transit Authority.
CHICAGO-- Grain prices traded mixed Friday in early trading on the Chicago Board of Trade. Wheat for December delivery fell 1.75 cent to $8.6750 a bushel; December corn fell 7 cents to $7.50 a bushel; December oats were unchanged at $3.7075 a bushel; while November soybeans rose 4.50 cents to $15.56 a bushel.
SEATTLE-- Cell Therapeutics Inc. said Friday it plans to sell $60 million in preferred stock to raise money for the launch of its lymphoma drug Pixuvri and to fund studies of its drug pacritinib as a treatment for myelofibrosis. Cell Therapeutics said that it will sell preferred stock for $1,000 per share.
NEW YORK-- Shares of Fleetmatics jumped in their first day of trading on the New York Stock Exchange. The IPO priced at the high end of the $15 to $17 range Fleetmatics previously projected.
SAN DIEGO-- PriceSmart Inc. said Monday that a key revenue measurement grew 10 percent in September. The company has five warehouse clubs in Costa Rica, four in Panama, four in Trinidad, and others in Guatemala, the Dominican Republic, El Salvador, Honduras, Aruba, Barbados, Colombia, Jamaica, Nicaragua, and the U.S. Virgin Islands.