Financial
ADM to buy Swiss flavoring maker for about $3B PDF  | Print |  E-mail
Written by Associated Press   
Monday, 07 July 2014 08:31
DECATUR, Ill. (AP) — Agribusiness giant ADM will pay about $3 billion to buy the privately held Swiss company Wild Flavors, which supplies natural ingredients to the food and beverage industry.
The all-cash deal will total about $3.13 billion counting debt, or 2.3 billion euros.
Archer Daniels Midland Co. processes corn, soybeans and other crops to make everything from animal feed to ethanol. Its food and wellness group also provides products for the beverage, meat, snack and bakery markets.
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What's making US economy a world beater? 5 factors PDF  | Print |  E-mail
Written by PAUL WISEMA / AP Economics Writer   
Saturday, 05 July 2014 10:38

WASHINGTON (AP) — How does the U.S. economy do it?

Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.

Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.

Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 percent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in nearly 15 years.

Last Updated on Saturday, 05 July 2014 10:40
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Merkel brings German business leaders to China PDF  | Print |  E-mail
Written by Associated Press   
Monday, 07 July 2014 08:28
BEIJING (AP) — Economic and business ties between China and Germany are expected to dominate Monday discussions between Chinese leaders and Chancellor Angela Merkel, who is visiting Beijing with a large business delegation.
On her seventh visit to China as chancellor, Merkel will meet Premier Li Keqiang on Monday morning, then attend a meeting of the China-Germany Economic and Trade Commission. In the evening, she will meet with President Xi Jinping, who visited Berlin in March.
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Subaru recalls 660K vehicles for brake line rust PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 03 July 2014 15:06
DETROIT (AP) — Subaru is recalling more than 660,000 cars and SUVs because the brake lines can rust and leak fluid, and that can mean it will take longer to stop the vehicles.
For about half the vehicles, it’s the second recall for the same problem.
Affected are 2005 through 2009 Legacy and Outback, the 2008 through 2014 Impreza and the 2009 through 2013 Forester.
It covers vehicles sold or registered in Connecticut, Delaware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, West Virginia, Wisconsin and Washington, D.C., where salt is used to clear roads in the winter.
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