A Chinese company plans to buy U.S. pork giant Smithfield Foods for nearly $5 billion. The deal may undergo review by an interagency panel known as the Committee on Foreign Investment in the U.S. The panel has played a significant role in shaping foreign investments in this country for nearly four decades.
Pledge 51 creates applications for Nigeria's low-tech cellphones. The company thinks it could grow its business with help from foreign investors, but Nigeria's low GDP has made that difficult. If the country changes the way it calculates this figure, that could help Pledge 51 bring in new investment.
This week, the European Union gave some of its member nations more time to meet deficit-reduction targets. In other words, to ease back on austerity. The programs have crushed growth and sent European unemployment to a record high 12 percent.
Houston's air quality improved dramatically over the past decade, but the city is still short of meeting the latest smog standards. Getting there isn't simply a matter of cracking down more on the petrochemical industry — the city needs to deal with cars on its sprawling roads, and bad air blowing from out of town.
Spain is deep in recession so the band waived its performance fee for the upcoming concert in Madrid. Tickets for the show now cost half as much as most of the band's other European shows, according to a Spanish newspaper.
The State of Massachusetts is suing the Obama administration over lowered catch limits for historic Northeast species such as cod. Commercial fishermen say the drastic reductions that just went into effect will put them out of business. The state attorney general alleges regulators violated federal law by failing to take the economic impact into account.
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