Wrigley swallows $1.5bn Life Savers
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Kraft, the struggling American food group, yesterday announced the $1.5bn (Â£810m) sale of its Life Savers and Altoids confectionery division to the chewing gum business Wm Wrigley Jr.
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SYDNEY: James Hardie Industries yesterday struck a deal to pay US$1.1bil to compensate asbestos-related disease sufferers, boosting the company&#39;s stock as much as 8% as a 14-month row over funding neared its end.
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Bear Stearns Cos.  has offered to infuse $1.5 billion of its own capital to help rescue a Bear Stearns hedge fund on the brink of collapse, people familiar with the situation said on Tuesday.
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The Internet giant beats analysts' fourth-quarter estimates by $0.04 per share and pledges to cut 1,000 jobs.
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Unisys is waving goodbye 1,400 workers and getting rid of unused facilities, to save $70ma year by the end of 2005. The computer services firm will take a one-time $63m charge to earnings for the actions, the
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Fonterra Cooperative Group Ltd., the world&#39;s biggest dairy exporter, said its A$1.34 billion ($1.01 billion) offer for the rest of National Foods Ltd.
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The Royal Mail today said it was on course for recovery, revealing it was making Â£1m a day after having lost Â£1m a day two years ago.
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PERTH (Dow Jones)--Signing up China&#39;s biggest construction company, Fortescue Metals Group Ltd. (FMG.AU) on Monday inched closer to realizing its A$1.
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WM Morrison shares shot up 15 per cent yesterday in spite of a deteriorating performance in the group&#39;s core business and continued poor trading in the shops that came with this year&#39;s Safeway acquisition.
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Global Tower Partners, a U.S. wireless  tower operator, is to be bought by a consortium of  infrastructure funds managed by members of Australia&#39;s  Macquarie Group in a deal valued at $1.4 billion.
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The company behind Wrigley chewing gum has what it hopes is a sweet deal to buy Life Savers and Altoids among other assets from Kraft Foods.
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British waste-collection firm Biffa  has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric , said sources familiar with the matter.
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HUGH OSMOND, the pizza and pub entrepreneur, last night snapped up the closed life fund of HHG, formerly part of Australiaâs AMP, for Â£1.025 billion.
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Kraft Foods said yesterday that it had agreed to sell its Life Savers and Altoids brands to the Wm. Wrigley Jr. Company for $1.5 billion as part of a reorganization plan.
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Kidde moved a step closer yesterday to being bought by America&#39;s United Technologies, which increased its offer for the UK fire extinguisher maker to Â£1.39bn.
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The business racked up nearly $1 billion in losses since 2001.
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Five rich countries led by Italy launched a $1.5 billion project on Friday to help develop vaccines they said could save millions of lives in poor nations, and called on others to join them.