Tyson wins bid for Hillshire in battle of meat titans
(Reuters) – Tyson Foods Inc won the bidding war for Hillshire Brands Co with an all-cash offer that values the maker of Jimmy Dean sausages at $8.55 billion and would be the biggest deal yet for the global meat business.
Detroit automakers commit $26 million to aid bankrupt city’s retirees
(Reuters) – Detroit’s three automakers said on Monday they had committed $26 million toward $100 million pledged by the city’s art museum to save its collection from being tapped to raise cash for Detroit’s historic bankruptcy.
Trading scandals, legal fines may ramp up U.S. banks’ capital needs
NEW YORK (Reuters) – Large U.S. banks are finding the billions of dollars they paid in recent years to settle lawsuits and fix broken businesses are coming back to haunt them in another place: their capital requirements.
Morgan Stanley sells TransMontaigne to NGL as physical oil role shrinks
(Reuters) – Morgan Stanley MS.N is selling its controlling stake in oil storage and transport company TransMontaigne Inc TMG.UL to NGL Energy Partners LP NGL.N for $200 million, essentially ending its long run as the biggest physical oil trader on Wall…
Rosengren urges Fed to specify portfolio run-off
(Reuters) – The U.S. Federal Reserve, headed toward an eventual tighter policy stance, could help smooth the process by letting its massive portfolio of assets shrink in a predictable and transparent fashion, a top Fed official said on Monday.
McClendon’s firm to buy $4.25 billion of U.S. shale assets
(Reuters) – Aubrey McClendon’s firm American Energy Partners LLP on Monday said it plans to buy shale oil and gas assets for $4.25 billion, the former Chesapeake Energy Corp CEO’s biggest deal package yet in an aggressive bid to build a new company.
GM faulty-switch cases sent to New York court
NEW YORK (Reuters) – A federal judicial panel ruled on Monday that lawsuits against General Motors Co from customers who say they suffered economic damages from a recall over faulty ignition switches will be heard in New York.
Fed’s Bullard says macroeconomy much closer to normal
PALM BEACH (Reuters) – The U.S. macroeconomy is much closer to a normal state than it has been in five years, a Federal Reserve official said on Monday, adding that weak labor markets and low inflation are what is keeping accommodative monetary policy …
Unilever CEO says Russia still land of opportunities
MOSCOW (Reuters) – Consumer goods maker Unilever is keeping faith in Russia as an important growth market and is ready to plow money into factories and acquisitions there despite a slowing economy.
Japan’s economy picks up speed on unexpected surge in capex
TOKYO (Reuters) – Japan’s first quarter growth handily beat initial estimates on an unexpected surge in capital spending, fresh signs the world’s third-biggest economy is in better shape to weather a hit to consumption from a sales tax hike.
