Chinese Company Buys Smithfield Foods with Giant Merger Profits
China’s Shuanghui International recently bought Smithfield foods, the biggest pork producer and processor in the world- and Smithfield’s monetary benefits could skyrocket. The American company could receive about $46.6 million in merger-related payments. These two food giants are no doubt creating a first, considering this is the largest Chinese takeover of an American company yet.
http://feeds.reuters.com/~r/reuters/businessNews/~3/-ReSmGEraH4/story01.htm
Facebook reaches 1 million active advertisers
Facebook Inc said it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth.
http://feeds.reuters.com/~r/reuters/businessNews/~3/z7pkHnJx3T0/story01.htm
Duke Energy turns to insider to succeed CEO Rogers
Duke Energy Corp has turned to CFO Lynn Good, to take over as CEO when Jim Rogers steps down as part of a regulatory settlement linked to its $18 billion takeover of Progress Energy.
http://feeds.reuters.com/~r/reuters/businessNews/~3/6fy-fHKiabw/story01.htm
U.S. court lets Ex-Im Bank loan for Air India stand
A U.S. appeals court let stand a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Air India in a legal challenge brought by Delta Air Lines .
http://feeds.reuters.com/~r/reuters/businessNews/~3/EOnXxOKcqLo/story01.htm
Icahn seeks to allay fears over lack of financing for Dell bid
Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3J9tbEO6vfw/story01.htm