Industries

Cadbury's Carr Stared Down Goldman and RWE as Preparation for Kraft Duel Roger Carr, Cadbury Plc’s chairman, once thwarted Goldman Sachs Group Inc., then led by former Treasury Secretary Henry Paulson, from bidding for pub chain Mitchells & Butlers Plc in 2006.

Adidas Takes on North Face in $59 Billion Outdoor Market With $600 Jackets Adidas AG will start selling a new range of 400-euro ($595) mountaineering jackets next year, muscling in on The North Face’s turf as the outdoor-pursuits market grows faster than traditional sporting goods.

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Crude Oil Falls a Second Day as Dollar Gains Versus Euro, Equities Decline Crude oil fell for a second day as the dollar strengthened against the euro, reducing the appeal of commodities to investors, and equity markets declined.

Valero to Permanently Close Delaware City Refinery as Demand Declines Valero Energy Corp., the largest U.S. refiner, said it will permanently close its Delaware City, Delaware, plant because of mounting losses after the recession eroded demand for gasoline and diesel.

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Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Federal Reserve officials are stepping up scrutiny of the biggest U.S. banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.

Buffett Taps JPMorgan, Wells Fargo for $8 Billion Loan in Burlington Deal JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc. to help finance the takeover of railroad Burlington Northern Santa Fe Corp.

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Swine Flu Cases in Norway, Wales, U.S. May Indicate More Severe Strain Swine flu infections in which the virus mutated to a form that’s more severe or less sensitive to drug treatment are being investigated by European and U.S. public health officials.

Cigna Seeks Growth in China, Expects 2010 Earnings To Be Little Changed Cigna Corp., the U.S. health insurer with the best-performing shares, said it will seek to expand in China and elsewhere abroad while facing the “seismic shocks” of a recession and health-care overhaul at home.

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AIG Investment Unit Renamed PineBridge Before Sale to Li's Pacific Century American International Group Inc.’s fund management arm has been renamed PineBridge Investments as the bailed-out insurer prepares to sell the unit to Pacific Century Group.

Buffett Taps JPMorgan, Wells Fargo for $8 Billion Loan in Burlington Deal JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc. to help finance the takeover of railroad Burlington Northern Santa Fe Corp.

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Housing Recovery in U.S. Set Back to 2010 With Market on `Life Support' A recovery in U.S. housing will have to wait at least until next year.

Morgan Stanley Hands Over Crescent to Barclays to Win Forgiveness of Loan Morgan Stanley agreed to hand over a real-estate business acquired in 2007 to Barclays Capital, ending the New York firm’s obligation on a $2 billion loan after taking almost $1 billion in losses.

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Murdoch Targets Sulzberger as Newspaper Ad Slump Shifts Fight to Readers The New York Times and Wall Street Journal are pursuing readers from regional U.S. newspapers in their fight to survive the worst advertising declines in the industry’s history.

News Corp., Time Warner Said to Be Interested in Buying MGM Film Studio News Corp., Time Warner Inc., and Qualia Capital LLC are interested in buying the Metro-Goldwyn- Mayer Inc. film studio, owner of the “James Bond” franchise, according to people with knowledge of the situation.

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Boeing May Get $400 Million in Incentives to Build 787 in South Carolina Boeing Co. may get as much as $400 million in incentives to build its new 787 Dreamliner factory in South Carolina, Governor Mark Sanford said in an interview today.

Ford Says It's Investing $2.3 Billion Over Five Years in Brazil Operations Ford Motor Co. said it will spend 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest investment it has made in the country.

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