NEW YORK-- Kraft Foods Inc. will spin off of its North American grocery business after the market closes Monday, a move intended to let it focus on its global snack brands. The remaining company will be called Mondelez International Inc. and will be home to brands such as Oreo, Cadbury and Nabisco.
Citigroup was second with $32.6 billion in 348 deals and J.P. Morgan Securities was third with $30.7 billion in 265 deals. The New York State Dormitory Authority was the top issuer of debt as of the end of the third quarter, selling $5.5 billion in 31 deals, Thomson Reuters reported.
Oct 1- Fitch Ratings has assigned a' BBB' rating to Darden Restaurants, Inc.' s. proposed $300 million senior unsecured notes due 2022. At Aug. 26, 2012, Darden had approximately $2.1 billion of total debt.
NEW YORK-- Shares of Allscripts Healthcare Solutions Inc. continued to rise Monday as Wall Street evaluated a report that the electronic health records company may sell itself to a private buyer. THE SPARK: Bloomberg News reported Friday that Allscripts is considering a sale and had engaged Citigroup Inc. as it considered its options.
The Supreme Court struggled with all types of questions Monday as it tried to figure out what kind of floating structures fall under maritime law, a question that could have a profound impact on popular businesses like floating casinos, hotels and restaurants.
CHICAGO, October 01 Fitch Ratings has affirmed the ratings of HCC Insurance Holdings, Inc., including the senior debt rating at' A', as well as the Insurer Financial Strength ratings of its operating subsidiaries at' AA'. The Rating Outlook is Stable.
LEADER DIES: James E. Burke, who as CEO steered Johnson& Johnson through the Tylenol poisonings that led to the first tamper-resistant packaging, died at 87 after a long illness.
WASHINGTON, Oct 1- The U.S. Supreme Court refused to consider an appeal by Bank of America Corp's Merrill Lynch unit of a ruling that allowed black brokers who accused it of bias to pursue their lawsuit as a class action.
CHICAGO, October 01 Fitch Ratings has affirmed the' BB+' rating on the following revenue bonds issued by Norman Regional Hospital Authority, OK:-- Approximately $88.5 million series 2007;-- Approximately $67 million series 2005;-- Approximately $45.9 million series 2002;-- Approximately $16.5 million series 1996 B. The Rating Outlook is revised to Positive from Stable.
CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.
*Euro zone heading toward recession, China still slowing. NEW YORK, Oct 1- U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe.
TRENTON, N.J.-- Former Johnson& Johnson CEO James E. Burke, who steered the health care giant through the Tylenol poisonings in the 1980 s that resulted in the first tamper-resistant product packaging, has died.
NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday. PETER JANKOVSKIS, CO-CHIEF INVESTMENT OFFICER AT OAKBROOK INVESTMENTS LLC IN LISLE, ILLINOIS. DAVID SLOAN, ECONOMIST, 4 CAST LTD, NEW YORK.
NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday. STORY: TABLE COMMENTS: DAVID SLOAN, ECONOMIST, 4 CAST LTD, NEW YORK. JOSEPH TREVISANI, CHIEF MARKET STRATEGIST, WORLDWIDE MARKETS, WOODCLIFF LAKE, NEW JERSEY.
CHICAGO-- Integrys Energy Group Inc., a provider of electricity and natural gas, said Monday that it is buying one of its suppliers, a Wisconsin power plant, for $440 million. Fox Energy Co. is owned by General Electric Co. and Tyr Energy Inc., a privately held company.
WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider an appeal by Bank of America Corp's. Merrill Lynch unit of a ruling that allowed black brokers who accused it of bias to pursue their lawsuit as a class action.
Oct 1- Electric and natural gas utility Integrys Energy Group Inc will buy privately held Fox Energy Co LLC for $440 million to add a 593 megawatt power generating plant in Kaukauna, Wisconsin.
CHICAGO, Oct 1- Lending to small U.S. businesses rose in August for a second straight month, a report showed on Monday, a sign the economy may have been regaining its footing even before the U.S. central bank's latest round of stimulus.
ST. LOUIS-- Bacon lovers can relax. "Use of the word `shortage' caused visions of gasoline lines in a lot of people's heads, and that's not the case," said Steve Meyer, president of Iowa- based Paragon Economics and a consultant to the National Pork Producers Council and National Pork Board.