Olam to become top-tier cocoa processor with $1.3 bln ADM deal
NEW YORK/SINGAPORE (Reuters) – Olam International Ltd will buy Archer Daniels Midland Co’s cocoa business for $1.3 billion, catapulting the Singapore-based commodities firm into the top tier of global suppliers to the growing chocolate business.
Apache to sell stakes in LNG projects to Woodside for $2.75 billion
BENGALURU/SYDNEY- (Reuters) – Apache Corp has agreed to sell stakes in two liquefied natural gas developments, Wheatstone in Australia and Kitimat in Canada, for $2.75 billion to Woodside Petroleum , which “stress-tested” the projects against low crude…
Oil sinks, Russian moves fail to quell nerves
LONDON (Reuters) – A plunge in oil below $60 and the failure of an emergency interest rate rise to stabilise Russia’s rouble sent another shock through global financial markets on Tuesday, adding to a growing sense of crisis in a volatile end to 2014.
Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources
SINGAPORE/HONG KONG (Reuters) – Standard Chartered has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, tw…
China industrial activity shrinks in December, calls grow for more stimulus
BEIJING (Reuters) – Activity in China’s factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.
Sony Pictures warns staff on fraudsters misusing stolen data
(Reuters) – Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information.
Olam agrees to buy ADM’s cocoa business
NEW YORK (Reuters) – Olam International Ltd will buy Archer Daniels Midland Co’s cocoa business for $1.3 billion, it said on Monday, catapulting the Singapore-based commodities merchant into the top tier of the niche bean processing industry.
Crocs appoint Gregg Ribatt as CEO
(Reuters) – Crocs Inc , known for its colorful clog shoes, said it appointed Gregg Ribatt as chief executive, effective late January 2015.
EU opens in-depth probe into Mondelez, DE Master Blenders coffee merger
BRUSSELS (Reuters) – European Union antitrust regulators opened an extensive investigation into a proposal by Mondelez International Inc and competitor D.E Master Blenders 1753 to combine their coffee businesses, concerned this may reduce competition.
Boeing boosts share buyback to $12 billion, lifts dividend 25 percent
(Reuters) – Boeing Co raised its share repurchase authorization to $12 billion from $10 billion and said it would increase its quarterly dividend by 25 percent, a sign of confidence in its cash outlook for the year.
