U.S. chicken sector boosted by fast-food items, costly beef
CHICAGO (Reuters) – This is a good year to be in the U.S. chicken business. Profits are up, production and prices are rising, fast-food restaurants are promoting chicken dishes, and feed costs appear headed lower thanks to expected large U.S. corn and …
Senators urge inclusion of food safety in Smithfield review
(Reuters) – A bipartisan group of 15 senators on Thursday urged the Obama administration to consider whether the proposed sale of Smithfield Foods Inc to Chinese meat company Shuanghui International posed any threat to U.S. food safety or food security…
Helicopter makers woo oil sector with speed and comfort
PARIS (Reuters) – Companies like Eurocopter and Sikorsky are making their helicopters faster, bigger and more comfortable to attract more customers from the offshore oil and gas industry to generate sales as military budgets shrink.
Bank of Tokyo to pay N.Y. $250 million over sanctions
NEW YORK (Reuters) – The Bank of Tokyo-Mitsubishi UFJ has agreed to pay New York state $250 million for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with sanctioned countries like Iran…
Housing, regional factory data show economy’s stamina
WASHINGTON (Reuters) – Home resales hit a 3-1/2-year high in May and factory activity in the Mid-Atlantic region rebounded this month, backing the Federal Reserve’s view that risks to the economy have diminished.
Supreme Court clamps down on class actions in merchants’ case
WASHINGTON/NEW YORK (Reuters) – The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims against American Expr…
Nokia M&A talk stirs share valuation rethink
HELSINKI (Reuters) – Investors alert to M&A speculation around Nokia are taking a fresh look at whether the struggling mobile handset maker’s share price undervalues its assets and increasing signs of financial stability.
Federal agency approves Entergy grid transfer to ITC Holdings
(Reuters) – The Federal Energy Regulatory Commission (FERC) on Thursday approved Entergy Corp’s $1.78 billion plan to spin off and then merge its electric transmission business with ITC Holdings Corp .
Chinese, U.S. factories struggle, Europe still in slump
LONDON/NEW YORK (Reuters) – Factory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one.
Britain faces major obstacles to RBS break-up plan
LONDON (Reuters) – Britain would face big obstacles to a break up of state-controlled Royal Bank of Scotland and such a step might not achieve its ultimate aim of boosting lending to the economy, analysts and investors said.
