ConAgra to buy Ralcorp for $5 billion
(Reuters) – Long-time suitor ConAgra Foods Inc finally sealed a deal to buy Ralcorp Holdings Inc for $5 billion to become the biggest private label food company in North America. Ralcorp shareholders will receive $90 per share in cash, representing a premium of 28.2 percent to the stock’s Monday close, ConAgra said. Ralcorp shares were trading at $88.50 before the bell. They closed at $70.23 on the New York Stock Exchange on Monday. The deal is valued at $6.8 billion including debt, ConAgra said in a statement on Tuesday. …
New Bank of England chief will face slow recovery: King
LONDON (Reuters) – The Bank of England's outgoing governor Mervyn King underlined on Tuesday the uphill task his successor faces, saying the bank might have to buy even more government bonds to h elp drag Britain's economy back to health. Finance minister George Osborne delivered a shock on Monday by appointing Canada's central bank head Mark Carney to be the first non-Briton to head the BoE, just over a week before he lays out the government's latest budget plans. …
Anger as Hungary far-right leader demands lists of Jews
BUDAPEST (Reuters) – A Hungarian far-right politician urged the government to draw up lists of Jews who pose a “national security risk”, stirring outrage among Jewish leaders who saw echoes of fascist policies that led to the Holocaust. Marton Gyongyosi, leader of Hungary’s third-strongest political party Jobbik, said the list was necessary because of heightened tensions following the brief conflict in Gaza and should include members of parliament. …
Koreans worry about safety after toxic factory leak
On Sept. 27, a dark cloud of gas came over Kim Sun-mi's village in the industrial southwest of South Korea. She knew by the acrid smell that something had gone wrong at the nearby cluster of factories.
Air strike on Syrian olive press kills, wounds dozens
BEIRUT (Reuters) – A Syrian military air strike killed and wounded dozens of people when it hit an olive oil press near the northern city of Idlib on Tuesday, activists said. Activist Tareq Abdelhaq said at least 20 people were killed and 50 wounded in the attack, citing residents near the Abu Hilal olive oil press, 2 km (1.2 miles) west of Idlib city. The Syrian Observatory for Human Rights said it could only confirm five deaths. …
Tajikistan blocks Facebook access to silence critics
DUSHANBE (Reuters) – Tajikistan has blocked access to Facebook in response to a slew of comments spreading “mud and slander” about veteran President Imomali Rakhmon and officials in the Central Asian republic. The ban on the popular social networking site is the latest crackdown on dissent in Tajikistan a year before an election that could extend Rakhmon’s two-decade rule. …
Former Israeli foreign minister Livni announces election bid
JERUSALEM (Reuters) – Former Foreign Minister Tzipi Livni announced her candidacy on Tuesday in a January general election, pledging to "fight for peace" with the Palestinians as a centrist alternative to Israel's right-wing leadership. Livni, voted out as the head of the main opposition Kadima party in an internal ballot in March, told a news conference she had formed a new party, "Hat'nua" (The Movement). …
Insurgent attacks kill 9, wound dozens in Iraq
Insurgents launched attacks against security forces and civilians in two parts of Iraq Tuesday, including the oil-rich, disputed north, killing at least nine people and wounding dozens, officials said.
Round goby, an invasive fish, appears to be making way up Rouge River in southeast Michigan
INKSTER, Mich. – Officials say an invasive fish called the round goby appears to be making its way up the Rouge River in southeast Michigan.
Correction: Egypt story
In a story Nov. 25 about Egypt, The Associated Press misidentified reform leader Mohamed ElBaradei as a former director of the U.S. nuclear agency. ElBaradei is a former director of the U.N. nuclear agency.
Euro zone, IMF secure deal on cutting Greek debt
BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat. After 12 hours of talks at their thi rd meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greek debt by 40 billion euros, cutting it to 124 percent of gross domestic product by 2020. …
Tuesday, November 27, 2012
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