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Campbell to sell Bolthouse Farms for US$510 million

Campbell soup Co said on Friday it would sell its Bolthouse Farms business to an affiliate of private equity firm Butterfly Equity for US$510 million, in the U.S. food company's first major sale as part of its cost-cutting divestiture plan.

Markets

Regional Asian exporters could be ‘crowded out’ in US-China trade pact

A coming trade pact between Washington and Beijing could mean US goods will out-muscle regional Asian exporters reliant on sales to China, the International Monetary Fund warned Friday.

Markets

Bristol-Myers says shareholders vote to approve Celgene takeover

Bristol-Myers Squibb Inc's shareholders voted to approve the drugmaker's US$74 billion takeover of biotech Celgene Corp on Friday despite a campaign by activist hedge fund Starboard Value LP to scuttle the deal.

Markets

Disney hits record on streaming plans; Netflix slips

Shares of Walt Disney Co touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix Inc.

Markets

GE to pay US$1.5 billion penalty related to subprime mortgages

General Electric Co will pay a US$1.5 billion civil penalty to resolve claims related to subprime residential mortgage loans offered by its WMC Mortgage unit, the U.S. Department of Justice said on Friday.

Markets

BlackRock cut CEO Larry Fink’s pay by 4.3per cent in 2018: filing

BlackRock Inc, the world's largest asset manager, cut total compensation for chairman and chief executive officer Larry Fink by 4.3per cent in 2018, according to a filing on Friday.

Markets

Wells Fargo’s interest income outlook spooks investors

Wells Fargo & Co's aggressive cost cutting helped boost its quarterly profit, but shares in the lender fell 3 percent on Friday after it dialed back its forecast for how much net interest income it would bring in this year.

Markets

Growing EU policy disputes could undermine common currency: French minister

Widening differences over economic policy among euro area countries are "unsustainable" and could undermine the currency union itself, French Finance Minister Bruno Le Maire said Friday.

Markets

US probes 675,000 Nissan SUVs over unexpected braking

WASHINGTON: The US auto safety agency is probing reports of potential unintended braking in 675,000 of Nissan Motor's 2017-2018 Rogue vehicles, it said on Friday (Apr 12). The National Highway Traffic Safety Administration (NHTSA) said it is opening a defect petition review in response to a ...

Markets

Piéce de resistance? Jewel firms Changi Airport’s grip on best airport crown

What's next for Changi Airport after it unveiled its crown Jewel? CNA's Aaron Chong speaks to the experts.

Markets

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