Global food commodities trader Bunge still intends to complete the delivery of a rejected French wheat cargo to Egypt even as it has begun legal proceedings against the latter's grain importing authority. Bunge has initiated the legal ...
Swiss food company Nestle is planning to acquire the remaining stake of 36.3% in Israel-based food manufacturer Osem for $840m. Nestle had originally invested in Osem around two decades ago, when it had taken 63.7% stake in the company, ...
Cuties - American's most preferred fresh fruit brand - is offering up some sweet-as-candy ideas sure to please your little sweethearts. Cutting back on sugar is an increasing goal for many Americans, particularly in light of the new U.S. ...
Just months after the release of its Autopilot driving system in model X, Tesla has updated its software, bringing additional features. The software update released with Version 7.0 software has added new features to the Autopilot ...
Tags: Tesla, Autopilot Driving System
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
South Korea has stalled the imports of US poultry and poultry meat following new cases of bird flu. This ban comes just two months after the Asian country resumed the shipments. However, imports of poultry meat treated with heat are not ...
Tags: US Poultry, Bird Flu
Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
Hong Kong has replaced New York this year as the world's biggest IPO market by the amount of funds raised. According to data from Reuters, companies have raised 25 billion U.S. dollars from initial public offerings in Hong Kong so far ...
Tags: IPO Capital
New stats are suggesting Chinese acquisitions in the Asia-Pacific region have helped push the value of annual deals past one trillion U.S. dollars for the first time. The same set of data also shows Chinese companies have spent a record ...
Tags: M&A, New Heights
Mills Fleet Farm is in talks to be acquired by buyout firm KKR & Co., according to a Reuters report. With 35 locations in Minnesota, Wisconsin, Iowa and North Dakota, the company's mix includes hunting, fishing and sporting goods products. ...
Tags: KKR Co, private equity firms, Sporting Goods
A research team from Nankai University in China has come up with a mind control car, which uses brain power to operate. The car is operated through brain signal-reading equipment that the driver has to wear to control the movement of the ...
Tags: Nankai University, mind control car, Auto
Rumors of Apple’s intention to trade existing LCD display technology for the lighter and thinner OLED screens has been circulating awhile on the market, a recent report from Japanese newspaper Nikkan has named Japan Display as the ...
Tags: OLED Panel, Apple iPhone 8, LCD displays
Anheuser-Busch InBev faced some serious queries from the US lawmakers over its plan to acquire SABMiller. The lawmakers are concerned that deal could stifle the growing craft beer industry. The £71bn deal that was announced in ...
Tags: craft beer, caft beer industry
Following Osram’s announcement last week that the company is to invest EUR 1 billion in a new Malaysia-based plant for LED chips, a leading investor in Osram expressed opposing opinions about Osram’s latest strategy, reported ...
South African food firm Tiger Brands has withdrawn its financial support to its Nigerian arm Dangote Flour Mills (DFM), after it launched a review of its investment in the pasta and flour maker, which is struggling with losses. Tiger ...
Tags: pasta, flour, Flour Mills