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ConAgra Foods stock seen rising 30 percent: Barron’s

ConAgra Foods' stock could climb up to 30 percent in the coming months as the U.S. packaged food company seeks to shed businesses, improve existing brands and achieve lower overheads, Barron's said in its … Original post:  ConAgra Foods stock seen rising 30 percent: Barron’s  Read More →

Automakers recall 12 million U.S. vehicles over Takata air bags

Eight automakers said on Friday they are recalling more than 12 million U.S. vehicles for defective Takata air bag inflators, widening the largest-ever auto safety effort to more passenger-side devices. Honda Motor Co is recalling 4.5 million U.S. vehicles while Fiat Chrysler Automobiles NV is recalling 4.3 million, according Original post: Automakers recall 12 million U.S. vehicles over Takata air... [Read more]

Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the … See the original post:  Yellen says Fed rate hike likely appropriate in coming months  Read More →

U.S. Virgin Islands sues Takata, Honda over airbags

The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking View original here: U.S. Virgin Islands sues Takata, Honda over airbags  Read More →

Exclusive: U.S. queries AB InBev on distribution incentives amid merger probe

By Diane Bartz WASHINGTON (Reuters) – U.S. antitrust officials are investigating Anheuser-Busch InBev over its new incentives that encourage independent distributors to sell more of its own beer brands at the expense of competing craft brews, two people with knowledge of the matter said. Budweiser owner AB InBev has 45.8 percent of the U.S. beer market but has seen sales… See original... [Read more]

Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates… Continued here:  Asian shares gain, dollar firm as US data soothes rate fears  Read More →

Tribune gets $70.5 million investment from billionaire Soon-Shiong

Tribune also rejected Gannett Co Inc's latest takeover offer, but said on Monday that it would allow the publisher of USA Today access to some confidential corporate information. Los Angeles-based Soon-Shiong, through his fund Nant Capital LLC, will hold about 12.9 percent in Tribune and join the publisher's board as vice chairman on June 2. Soon-Shiong, a South African-born surgeon, is... [Read more]

Bayer defies critics with $62 billion Monsanto offer

By Ludwig Burger and Georgina Prodhan FRANKFURT (Reuters) – German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry. Monsanto Co's stock rose 5 percent to $106.61 by midday trade on the New York Stock Exchange –... [Read more]

Dean Foods’ Davis said he threw phone in creek to hinder FBI

By Nate Raymond NEW YORK (Reuters) – Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI … Read the original: Dean Foods’ Davis said he threw phone in creek to hinder FBI  Read More →

U.S., Japan disagreement on yen moves overshadows G7 meeting

By Leika Kihara and Tetsushi Kajimoto SENDAI, Japan (Reuters) – The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of 7 finance leaders' gathering in the Asian nation. Japan and the United States are at logger-heads over currency policy with Washington… Here... [Read more]

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