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Monday, July 7, 2014

Business Today: U.S. agribusiness ADM gobbles up Wild Flavors for $3 billion

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07/7/2014
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U.S. agribusiness ADM gobbles up Wild Flavors for $3 billion
LONDON/FRANKFURT (Reuters) - U.S. agribusiness Archer Daniels Midland (ADM) has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavouring and the health-conscious food sectors.
Futures point to lower open with indexes at records
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Monday, indicating a modest pullback from record levels as investors held off from making big plays ahead of the start to earnings season.
Central banks ending era of clear promises, return to 'artful' policy
NEW YORK/TOKYO (Reuters) - The world's major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.
In discounter war, will Aldi's Coke rush fall flat?
BERLIN (Reuters) - Aldi and Lidl have a new weapon in their battle to be Germany's discount grocery number one: Coca-Cola.
China, U.S. to discuss yuan, monetary policy this week
BEIJING (Reuters) - China and the United States will discuss the yuan's value as well as the impact of U.S. monetary policy at a meeting this week, Chinese Vice Finance Minister Zhu Guangyao said on Monday.
Samsung Electronics faces falling profits as succession looms
SEOUL (Reuters) - Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6.
What's in a scent? Perfume makers adapt to EU rules
PARIS (Reuters) - Seaweed may not be the first ingredient that springs to mind for perfume. But algae are among obscure ingredients to which perfume makers are turning to preserve the scent of their fragrances in the face of new EU anti-allergy restrictions.
China signs deal to purchase 123 Airbus helicopters
BEIJING (Reuters) - Airbus Group NV's helicopter division sealed a deal on Monday to sell 123 helicopters to Chinese companies during German Chancellor Angela Merkel's China visit.
Mazda recalls over 42,000 cars in China due to Takata air bag issue
BEIJING (Reuters) - Mazda Motor Corp will recall more than 42,000 cars produced in China due to issues over air bags supplied by Takata Corp, the company at the heart of massive recalls globally involving Japanese, U.S. and European automakers.
After beating Google, Korea's Naver goes global with messaging app Line
SEOUL (Reuters) - The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate.
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