Sysco Corp (SYY.N), the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group (BX.N) in order to win regulatory approval for its acquisition of US Foods Inc [USFOO.UL], the New York Post reported, citing sources.
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Giving thanks for big stock gains
U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
Lockheed, Pentagon ink $4.7 billion deal for eighth batch of F-35 fighters
The Pentagon said on Friday it had awarded Lockheed Martin Corp (LMT.N) a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.
PBOC cuts benchmark interest rates
Recently released Chinese data suggest a grim economic outlook for the country. Foreign direct investment has been consistently declining; consumer price index showed some stability this month but remained below 2 percent, flash manufacturing PMI also declined in November and gross domestic product fell to its slowest pace since the global financial crisis, registering 7.3 percent year-on-year expansion in the third quarter.
Singapore to regulate taxi-booking apps Uber, GrabTaxi
Singapore said on Friday it plans to regulate fast-growing third-party taxi booking services like Uber and GrabTaxi for the first time, capping fees and requiring them to dispatch only licensed cabs and drivers.
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Britain's Rolls-Royce (RR.L) said it won a $5 billion contract to supply aero engines to power 50 new Airbus (AIR.PA) planes ordered by Delta Air Lines (DAL.N).
Volkswagen AG (VOWG_p.DE) is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.
Alibaba Group Holding (BABA.N) sold the largest bond by an Asian company last night via a $8 billion six-tranche offering. The tight pricing achieved on the deal led many to believe the US-listed Chinese ecommerce giant got away without paying a Chinese premium.
Taylor Swift's "1989" topped the U.S. Billboard 200 album chart for the third consecutive week on Wednesday. The most pop-oriented turn from the onetime country singer sold 312,000 copies last week, according to figures compiled by NielsenSoundscan. "1989" is the second album of the year, behind the soundtrack to Disney's animated film "Frozen," to spend at least three weeks atop the chart.
U.S. regulators warned investors of stock scams tied to West Africa's Ebola outbreak and suspended trading in four small companies that they said have made unverifiable claims about products to prevent or treat the deadly virus.
France has confirmed the selection of 12 Airbus A330 refueling tankers for the French Air Force, Airbus Group said on Thursday.
Japan's finance minister warned on Friday about the yen's weakening, describing it as "too rapid", but he stuck to the government's stance of allowing markets to determine exchange rates and dismissed the need to intervene to halt the slide.
U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.
Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.
