Business News

  • U.S. Scrutinizes Joint Venture By Cargill, ConAgra, CHS
    The U.S. Justice Department is investigating a plan by ConAgra Foods Inc., Cargill Inc. and CHS Inc. to combine their North American flour-milling businesses into a new joint venture that would form the industry’s biggest player.
  • NestlĂ© Cuts Baby-Formula Price in China
    Nestlé is cutting the prices of some infant nutrition products in China, a move that follows a Beijing investigation into possible price fixing and anti-monopoly violations by foreign companies.
  • FDA to Allow Generics Makers More Ability to Change Label
    The FDA plans to issue a new rule that would allow generic-drug companies to make changes in their labeling, a step which could open the generic makers up to liability if their drugs injure patients.
  • Koch Brothers Angle for Bigger Role in Deals
    The billionaire Koch brothers behind Koch Industries want to be players in the deal pitches that investment bankers typically bring to Warren Buffett and are telling Wall Street deal-makers “give us a call, too.”
  • Murray, Djokovic's Biggest Fans on Madison Ave.
    Cable TV and advertising executives will be holding their breath as tennis fan favorites Andy Murray and Novak Djokovic play for the right to compete in Sunday’s Wimbledon men’s final.
  • SoftBank, Sprint Deals Clear FCC
    SoftBank’s three-way merger with Sprint Nextel and Clearwire won final approval from U.S. regulators, clearing the pay for a combination of the wireless carriers to proceed.
  • Diller Defends Coca-Cola Transactions
    Media mogul Barry Diller accused federal regulators of unfairly targeting him over violations of reporting rules when he bought nearly one million shares in Coca-Cola between 2010 and 2012.
  • DoCoMo Sounds Alarm for Japan's Phone Makers
    Japan’s biggest mobile phone carrier, NTT DoCoMo, is putting its marketing muscle behind Sony and Samsung smartphones, setting up a squeeze on the country’s smaller handset makers.
  • Martha Stewart Takes a Pay Cut
    Martha Stewart agreed to reduce her base salary by $200,000 as part of a modified contract with her namesake company, Martha Stewart Omnimedia, in a bid to return the firm to profitability.

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