Conagra to buy Pinnacle Foods for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the snack and frozen food markets amid fierce competition in the packaged food industry.
Wall Street gains after new U.S. plan for China investments
(Reuters) – U.S. stocks rose on Wednesday after the Trump administration said it would use a strengthened security review process to deal with threats from Chinese investments in domestic technologies, instead of imposing China-specific restrictions.
Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices
WASHINGTON (Reuters) – Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten…
Stock futures stage comeback on new U.S. plan for China investments
(Reuters) – U.S. stock index futures rose on Wednesday, reversing course from sharp losses earlier, after the Trump administration said it would use a strengthened security review process to deal with threats from Chinese investments in domestic techno…
U.S. business spending on equipment softening; trade gap shrinking
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher, suggesting moderate growth in business spending on equipment in the second quarter.
Trump administration to use review panel to curb China tech investments
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review panel process to deal with potential threats from Chinese acquisition of American technologies, instead of imposing China-specific …
Conagra to buy Pinnacle Foods for $8.1 billion, expanding frozen food line
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion in cash and stock, creating a frozen food powerhouse with brands such as Birds Eye, Healthy Choice and Marie Callender’s.
General Mills quarterly profit tops estimates
(Reuters) – Cheerios cereal maker General Mills Inc on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve distribution network paid off.
Stock futures point lower as trade worries linger
(Reuters) – U.S. stock index futures slid on Wednesday on concerns that a worsening U.S.-China trade relationship could disrupt businesses and hurt corporate profits.
Worsening trade row deepens chill felt by Chinese dealmakers seeking to do U.S. takeovers
HONG KONG (Reuters) – The rapidly deteriorating trade and investment relationship between Washington and Beijing is sending a further chill through Chinese dealmakers who have already seen the number of Chinese acquisitions of American assets take a bi…
