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Congra Foods Sells Commodity Trading and Merchandising Operations
ConAgra Foods Inc. (NYSE: CAG) agreed to sell its profitable commodity trading and merchandising operations to hedge fund Ospraie Management for $2.13 billion and posted a 60% jump in fiscal third-quarter net income, largely due to that division.
Mitsubishi Group Sets up 100 Billion Yen in Buyout Funds
Japanese trading company Mitsubishi Corp. (NYSE: MTU) and Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) will set up a 100 billion yen ($1 billion) corporate buyout fund next month to target mainly domestic firms, according to a published report.
Mexico Builds Hospitals to Lure American Patients
Health-care companies and investors see a new market in patients like Flanagan. Tecnologico de Monterrey, the private university that owns San Jose Hospital, plans a $100 million medical center in Monterrey. Grupo Star Medica, the builder of seven Mexican centers in five years, is accelerating an expansion aimed at Americans, funded partly by billionaire Carlos Slim.
Google Stock Looks Like a Buy
Google Inc. (NASDAQ: GOOG) released February
s paid click data to calm investor fears of a slowdown in GOOG’s core business, they believe most of the deceleration is due to the continuing quality initiatives by the company itself, which should drive significant upside longer-term.
Top Stocks with Insider Buying
These are top featured stocks that recently have seen big insider purchases or new buyback programs as well as super investors accumulating shares.
AMD Releases Competitor Chip to Intel
Advanced Micro Devices Inc. (NYSE: AMD) has finally matched Intel (NASDAQ: INTC) in the battle of silicon specifications, fielding a quad-core desktop microprocessor after months of missteps and delays.
Short Term Winning Stocks during Beijing 2008 Olympics
As Chinese stocks face both global and domestic economic challenges, sorting out the winners from the losers has gotten more complicated — with a few obvious exceptions in sectors that should get a lift from the Summer Olympic Games.
Tata on Jaguar: Will Tata Move Jaguar and Land Rover to India?
India’s Tata Motors Inc. (NYSE: TTM) must have some magic management dust to sprinkle on Jaguar if it thinks it can turn the troubled British luxury car maker and its storied compatriot Land Rover — both of which it agreed yesterday to buy from Ford Motor Co. — into money-making enterprises.
2 Big Brazilian Exchanges Decide to Merge
Two of Brazil’s big exchanges have struck a deal to merge, creating a stocks-and-commodities-trading holding company expected to be called Nova Bolsa, or “New Exchange.”
Taiwan Raises Key Interest Rates
Taiwan’s central bank raised key rates Thursday for the 15th successive quarter, saying the island’s real interest rates still remain below desired “neutral” levels and that the economy is facing growing inflationary pressure.
European Central Bank May Inject Funds if Necessary
The European Central Bank Thursday said it will continue “to closely monitor liquidity conditions” in light of tensions in the interbank euro money markets, and stands ready to inject extra funds if needed.
American Express Acquires GE Corporate Payment Services
American Express Company Inc. (NYSE: AXP) agreed to purchase General Electric Company’s (NYSE:GE) GE Money’s corporate payment services, which provides commercial payment and purchasing cards to corporations, for $1.1 billion.
Adode Launches Free Photoshop Online
The maker of the popular photo-editing software Photoshop, Adobe Systems Incorporated (NASDAQ:ADBE), on Thursday launched a basic version available for free online.
Comcast and BitTorrent Team Up Together
Long at loggerheads, cable provider Comcast Corporation (NASDAQ:CMCSA) and popular file-sharing company BitTorrent Inc. now are working together.
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