Nestle sells U.S. frozen pasta business to Brynwood Partners
ZURICH (Reuters) – Nestle said it would sell its U.S.-based frozen pasta business, Joseph’s Pasta, to private equity firm Brynwood Partners VII LP as part of a drive to clean up its portfolio.
Services sector slows in December, factory orders rise
NEW YORK (Reuters) – Two measures of activity in the U.S. services sector showed slower growth in December, pointing to an economy that continues to expand at a modest pace, while factory orders rose in November.
Surveys point to better but patchy growth as 2013 ends
LONDON/NEW YORK (Reuters) – Service industry growth slowed sharply in China as 2013 drew to a close but picked up across most of Europe, while U.S. firms hired more workers despite slower growth in activity last month.
BlackBerry hires new head for loss-making devices business
TORONTO (Reuters) – Struggling smartphone maker BlackBerry Ltd has hired a former Sony Ericsson executive to head its loss-making devices business, a job needing a heavy dose of salesmanship to win back companies and consumers lured away by larger riva…
U.S. service sector growth slows in December: ISM survey
NEW YORK (Reuters) – The pace of growth in the U.S. services sector slowed for a second straight month in December with business activity expanding at a lower rate and new orders contracting, according to an industry report released on Monday.
Thermo Fisher sells cell culture, other businesses to GE
(Reuters) – Thermo Fisher Scientific Inc said it would sell three of its businesses to General Electric Co’s healthcare unit for $1.06 billion, fulfilling a requirement for European antitrust approval to buy Life Technologies Corp .
Analysis: Corruption scandal complicates Turkish rate policy as lira slides
ISTANBUL (Reuters) – A corruption scandal shaking Turkey’s government may delay for many more months a tightening of monetary policy that would stabilize inflation and stop the lira from plumbing record lows.
U.S. private sector activity growth slows slightly in December: Markit
NEW YORK (Reuters) – U.S. private sector economic activity growth slowed slightly in December, with the services sector reading also edging lower, an industry report showed on Monday.
Men’s Wearhouse turns hostile in pursuit of Jos. A. Bank
(Reuters) – Men’s Wearhouse Inc mounted a hostile $1.61 billion bid for Jos. A. Bank Clothiers Inc in an attempt to break the resistance of its smaller rival and pacify investor demand for a merger of the suit retailers.
Global IT spending to rise 3.1 percent in 2014: analysts
LONDON (Reuters) – Worldwide IT spending will grow by 3.1 percent to $3.8 trillion this year after a broadly flat 2013 and will be driven by businesses starting to harness ‘big data’ garnered from smartphones and other devices, analysts Gartner said on…
