In its heyday, the textile industry employed 40 percent of North Carolina's work force. Now that employment number is less than 2 percent. But Raleigh Denim has found a way to thrive in North Carolina by making blue jeans the old-fashioned way.
Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis. The network of institutions called landesbanks have became a cautionary tale about risky investing.
Swiss food and drink giant Nestle announced a deal Monday to acquire Pfizer Inc.'s infant-nutrition business for $11.85 billion in a bid to boost sales in emerging markets. Before the announcement, Nestle already had the largest share of the global baby-formula market at just under 20 percent.
In a massive investigation, The New York Times reported Saturday that Wal-Mart Stores Inc. silenced a vast bribery effort carried out by top executives of its Mexican subsidiary in order to build stores across the country.
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