Premier Foods agrees to meet McCormick after improved offer
LONDON (Reuters) – Britain’s Premier Foods agreed on Wednesday to hold talks with McCormick & Co after the U.S. company raised its takeover proposal for a second time, pushing for a deal that would boost its stable of kitchen cupboard brands.
Foxconn agrees to buy Sharp after slashing original offer
TOKYO/TAIPEI (Reuters) – Taiwan’s Foxconn agreed to acquire Japan’s Sharp Corp at a big discount to its original offer, capping a month of wrangling that sowed more doubt over whether the two companies can work well together and fend off fierce competi…
U.S. private sector adds 200,000 jobs in March: ADP
NEW YORK (Reuters) – U.S. private employers added 200,000 jobs in March, above economists’ expectations, a report by a payrolls processor showed on Wednesday.
Citigroup says being audited in Germany over dividend trades
FRANKFURT (Reuters) – (The story was refiled to correct this March 22, 2016 story to read audited, not investigated, in the headline and paragraph 1)
Investors tiptoe back into emerging markets as storm clouds linger
LONDON (Reuters) – Emerging markets may well appear cheap again after years of attrition, but there’s considerable trepidation about venturing back out to the developing world until the financial and political storms have finally lifted.
Yellen comforts world stocks with cautious rate rise whispers
LONDON (Reuters) – World stocks rose on Wednesday as markets pared back expectations for how fast and how far U.S. interest rates might rise this year, bruising the dollar and boosting sovereign bonds.
Takata shares dive on report that airbag-related recall costs may be $24 billion
TOKYO (Reuters) – Japan’s Takata Corp could face about $24 billion in costs to recall its airbag inflators in a worst case scenario, Bloomberg news reported, sending its shares tumbling by a fifth to an all-time low.
Finland hopes for new growth from shrunken forest industry
LAPPEENRANTA, Finland (Reuters) – It has created a modest 200 jobs in a Finnish forestry industry that has lost around 20,000 in the past decade, but UPM-Kymmene’s new biofuels plant offers long-awaited growth and hope.
Five years after Japan quake, rewiring of auto supply chain hits limits
TOKYO (Reuters) – Five years after a huge earthquake temporarily crippled parts of Japan’s auto supply chain, some companies have adjusted the industry’s famed “Just in Time” production philosophy in a bid to limit any repeat of the costly global disru…
Hackers breach computer networks of some big U.S. law firms: WSJ
(Reuters) – Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday.
