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Cadbury’s shares edged up in early trade on Monday as the clock ticked toward a 1700 GMT (12 noon EST) deadline for Kraft Foods to either make a formal takeover bid for the British confectionery group or walk away.
Cadbury is the world’s second largest confectionery group while Kraft is number five with brands such […]
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A voluntary recall was announced Monday for more than half a million pounds of ground beef because it may be contaminated with bacteria linked to at least two deaths, officials said.
Fairbank Farms of Ashville, New York, said the recall was issued Saturday for approximately 545,699 pounds of ground beef produced between September 14 and […]
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More than $500 million has been returned to the victims of Ponzi schemer Bernard Madoff, according to the trustee in charge of recovering stolen assets.
Irving Picard, the court-appointed trustee in charge of recovering and distributing assets, said Wednesday that the Securities Investor Protection Corp. (SIPC) has turned over $534.25 million to 1,558 investors in […]
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Hugh McGee is cutting the price of Guinness by about 20 percent at his bars and hotels in the Irish town of Letterkenny to keep customers coming across the border from Northern Ireland after the euro’s surge against the pound.
McGee reduced the price for a beer this month to 3.50 euros ($5.18) at […]
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South Korea’s consumer confidence rose to the highest level in more than seven years in October as the nation’s economic recovery strengthened.
The sentiment index climbed to 117 from 114 in September, the Bank of Korea said in Seoul today. The figure matched that of the first quarter of 2002, when the bank published […]
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European exports declined the most in seven months in August as the region struggled to emerge from the deepest recession since World War II and the euro’s appreciation threatened to undermine the recovery.
Exports from the 16-nation euro region fell a seasonally adjusted 5.8 percent from July, when they rose 4.7 percent, the European […]
Canadian employers added jobs for the second straight month in September, and the unemployment rate unexpectedly fell, adding to evidence the U.S.’s largest trading partner is emerging from its recession and raising the likelihood of a central bank rate increase within the next year.
Employment rose by 30,600, Statistics Canada said today in Ottawa. […]
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Demand for U.S. durable goods unexpectedly fell in August and sales of new homes rose less than forecast, restraining the pace of the economic recovery.
Orders for goods made to last several years dropped 2.4 percent, the biggest decline since January, the Commerce Department said today in Washington. Consumer sentiment improved, a separate report […]
Miner Anglo American is not about to request a “put up or shut up” order on Xstrata to make a formal bid or walk away, a source close to the company said on Sunday, denying a media report.
The source was responding to a report in the Observer weekly newspaper which said Anglo was set […]
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Hungary’s falling inflation rate makes the case for a third consecutive interest-rate cut this month as the central bank seeks to jolt the economy out of a recession, economists said.
The bank will lower the benchmark two-week deposit rate by at least half a percentage point to 7.5 percent on Sept. 28, according to […]
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