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ADM To Sell Its Global Cocoa Business To Olam

2014-12-16 10:18:19| Agriculture - Topix.net

ADM TO SELL ITS GLOBAL COCOA BUSINESS TO OLAM Dec. 16, 2014 Source: Archer Daniels Midland news release Archer Daniels Midland Company today announced that it has reached an agreement to sell its global cocoa business to Olam International Limited for $1.3 billion, subject to customary adjustments. "We are continuing to actively manage our portfolio to create shareholder value by improving returns and dampening the volatility of our earnings," said ADM Chairman and CEO Patricia Woertz.

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Global Business of Secondhand Clothes Thrives in Kenya

2014-10-19 06:10:55| Apparel - Topix.net

Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street or New York's Fifth Avenue. But there's a catch: the clothes are all secondhand, discarded as worthless at charity shops or thrift stores in Europe or the United States and then shipped thousands of miles to another continent, occasionally in such pristine condition that an original price tag is still attached.

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BASF to Divest Global Textile Chemicals Business to Archroma

2014-10-16 07:00:00| Coatings World Breaking News

Tags: business global chemicals textile

 

Oracle completes Micros acquisition, forms new global business unit

2014-09-09 15:41:56| InfoWorld: Top News

Oracle has wrapped up its $5.3 billion acquisition of Micros, maker of hardware and software for the hospitality industry, in its biggest deal since the purchase of Sun Microsystems in 2010. Micros will form the basis for a new global business unit at Oracle focused on hotels, food and beverage, and retailers, led by Mike Webster, who is now head of Oracle's retail business unit.

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MHI to Establish New Global Business Innovation Arm

2014-09-08 12:45:48| Industrial Machines - Topix.net

Effective October 1, Mitsubishi Heavy Industries, Ltd. will implement changes to its Technology & Innovation Headquarters and Global Business Planning & Operations Headquarters. Topping the list of changes is the establishment of a new "Global Business Innovation Department" integrating the functions of the two headquarters.

Tags: business global establish arm

 

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