Fonterra products didn’t have botulism bacteria after all, New Zealand tests show
WELLINGTON (Reuters) – Dairy giant Fonterra’s products at the center of a global contamination scare this month did not contain a bacteria that could cause botulism, and posed no food safety threat, New Zealand officials said on Wednesday.
Analysis: After mega-LBO boom, a massive private equity cleanup
NEW YORK (Reuters) – According to Blackstone Group LP’s books, the private equity firm’s investment in Hilton Worldwide Inc was worth 50 percent more this year than when it took the international hotel chain private in 2007.
Merrill Lynch to pay $160 million to settle racial bias lawsuit: NYT
(Reuters) – Bank of America Corp’s Merrill Lynch unit agreed to pay $160 million to settle a racial bias lawsuit that went through two appeals at the United States Supreme Court, the New York Times reported, citing the plaintiff’s lawyer.
Regulators to fine JPMorgan $80 million over consumer dealings: NYT
(Reuters) – U.S. federal regulators are preparing to impose a fine of $80 million on JPMorgan Chase & Co relating to its dealings with retail customers during the recession, the New York Times reported, citing people familiar with the matter.
German consumer morale eases from six-year high: GfK
BERLIN (Reuters) – German consumer confidence eased slightly heading into September, albeit remaining close to its highest level in nearly six years, as shoppers worried about creeping inflation.
U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source
(Reuters) – U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter.
Insight: To cut natural gas costs, Chesapeake pumps up royalty deductions
SAYRE, Pennsylvania (Reuters) – As the natural gas industry struggles to cope with depressed prices, Chesapeake Energy Corp has begun shifting a much larger share of transportation and marketing costs to the owners of Pennsylvania land it leases.
Corporate breaks at risk in U.S. plans to cut tax rates
WASHINGTON (Reuters) – Billions of dollars in U.S. tax breaks prized by manufacturers, energy companies and other industries could be targeted for elimination when two powerful lawmakers are expected to introduce proposals to overhaul the United States…
Fonterra resumes Sri Lanka operations after suspension
COLOMBO (Reuters) – The Sri Lankan subsidiary of New Zealand’s Fonterra resumed operations on Wednesday, a company official said, after closing temporarily last week amid staff safety concerns following protests and a court ban.
Wall Street posts worst day since June on Syria concerns
NEW YORK (Reuters) – Wall Street stocks suffered their worst day since June on Tuesday, slumping in a broad decline as geopolitical uncertainty rose over a possible U.S.-led military strike by the West against Syrian President Bashar al-Assad’s forces….
