1.
U.S. markets recover from steep losses
SMITHFIELD, Va., June 27 (UPI) -- Smithfield Foods Inc. is paying $575 million to buy the European meats business of Sara Lee Corp.
Oaktree Capital Management LLC. will be SFI's 50-50 partner in the deal, which also includes debt assumption, SFI said Tuesday.
SFI also said it will contribute its Jean Caby operations to the joint venture with Oaktree. Group Jean Caby had sales of $372 million in fiscal 2006 and is a major producer of branded and private label processed meats to retail and food-service customers in France and other European countries.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
FORT WAYNE, Ind., May 23 (UPI) --
Self-encrypting drives to protect data on mobile platforms such as laptops are to be developed for the U.S. Air Force by ITT Exelis.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
