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Non-GMO food processor SunOpta buys fruit maker Sunrise Growers in $450M deal
2015-07-31 18:08:06| Agriculture - Topix.net
SunOpta Inc. , the Toronto-based non-GMO and organic food processor with much of its operations in Minnesota, bought Sunrise Holdings Inc. in a deal worth about $450 million. Placentia, Calif.-based Sunrise Holdings makes organic and conventional frozen fruit products, a sector in which SunOpta plans to grow.
EU Probes FedEx, TNT Deal
2015-07-31 17:49:07| Trucking - Topix.net
The European Commission on Friday opened an in-depth investigation into FedEx Corp.'s EUR4.4 billion deal to buy TNT Express NV, saying it was concerned about the merged company's dominance in the international delivery of small packages in some European markets. The commission, the European Union's antitrust watchdog, said the two remaining international delivery companies, United Parcel Service Inc. and DHL Worldwide Express Inc., may not provide sufficient competition to the merged company.
CP Rail reaches tentative six-year deal with Brotherhood of Railway Carmen/TCU
2015-07-31 16:58:35| Railroads - Topix.net
CALGARY, Alberta - Canadian Pacific is pleased to announce that a tentative six -year agreement has been reached with the Brotherhood of Railway Carmen , a division of the Transportation and Communications Union/International Association of Machinists. The BRC represents employees on its wholly owned subsidiary, Soo Line Railroad Company.
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1. Toyota holds Apple, Google at bay with Telenav navigation deal
2015-07-31 09:40:02| Automakers - Topix.net
Toyota Motor Corp. will turn to a little-known company instead of Apple Inc. or Google Inc. to provide navigation and phone connectivity, as it seeks to maintain control of the car features. The 2016 Tacoma pickup will be the first of several Toyota models to use Scout GPS Link from Telenav Inc. The company allows Android and iPhone users to pull up directions and traffic information on their phone or Toyota dashboard while giving the carmaker more say over how to configure the system.
Tags: navigation
google
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The Wall Street Journal: Avago-Broadcom deal not guaranteed to be tax-free
2015-07-31 05:01:21| Semiconductors - Topix.net
Avago Technologies Ltd. said the Internal Revenue Service has declined to assure that its pending $37 billion takeover of Broadcom Corp. will be tax-free to that company's shareholders, highlighting an unusual consequence of some cross-border deals. said in May, when they announced their tie-up, that they would seek an IRS ruling that the deal qualified as a tax-free reorganization.
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