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Grupo Bimbo To Buy Units From Weston
Grupo Bimbo, Latin America's biggest industrial baker, will spend $2.38 billion to acquire the U.S. operations of Canadian food giant George Weston.
Wall Street Journal

Graft Case Touches Jackson Jr.
The scandal surrounding Illinois Gov. Blagojevich threatened to taint rising Democratic star Jesse Jackson Jr. and pull in one of the nation's biggest labor unions.
Wall Street Journal

Indie Ranch Media Subsidiary NetMix Broadcasting Network Signs Letter of Intent with JACK-FM Founder Bob Perry and Big Sticks Broadcasting
Indie Ranch Media Subsidiary NetMix Broadcasting Network Signs Letter of Intent with JACK-FM Founder Bob Perry and Big Sticks Broadcasting MALIBU, Calif. (
Big News Network

$14 Billion Auto Industry Bailout Passes in U.S. House
(CEP News) - The U.S. House of Representatives passed a bill Wednesday night that would allow a $14 billion loan to the 'Big Three' U.S. automakers General Motors Corp, Ford Motor Co. and Chrysler LCC.
Economic News

Russia`s Putin to visit factory facing big layoffs (AP)
AP - Prime Minister Vladimir Putin is making an unexpected visit to a struggling agricultural machinery plant in southern Russia as economic woes mount across the country, officials said Wednesday.
yahoo.com

What Could Drive USDJPY to 13 Year Lows
We are inching closer to a formal bailout plan for the Big 3 automakers and as previously suggested, regardless of the final outcome, the markets will cheer an end to the drawn out drama...
Mr Swing

Feds say consumers were cheated by big tomato-processing firm
American consumers paid inflated prices for tomato-based products such as sauces, soups and salsas, and in some cases ate food that didn't match the quality advertised on labels, because of corruption at a major Central Valley tomato processor, federal...
San Francisco Chronicle

Mortgage rescue details announced
More details of the government's new homeowner mortgage support scheme have been announced by the Treasury. Homeowners who suffer a big drop in income, and meet numerous criteria, will be able to def...
Big News Network

China Eastern, Southern say plan share placement - CNBC
SHANGHAI, Dec 11 (Reuters) - Two of China&os;s three biggest airlines said on Thursday they would place shares to raise 3.0 billion yuan ($437 million) each, as part of the government&os;s cash injection into major airlines to ease their operational ...
Feed Digest

New Losses Spur Questions About AIG`s Health
AIG has revealed that it is on the hook for $10 billion in losses on its own speculative trades. It's a big problem for the company because the terms of AIG's $150 billion government rescue package don't cover this type of loss.
NPR

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