Industrials

ConAgra Raises Bid for Ralcorp to $4.9B

The Omaha-based maker of brands such as Slim Jim, Snack pack, Egg Beaters and PAM bid $86 a share, which represents a 31.7% premium to Ralcorp’s closing price on March 21, the day ConAgra sent over its initial $82 proposal. It offers only a 3% premium to its close on Tuesday.

Molson Coors Posts Lower 1Q Profit

Molson Coors Brewing Co reported a drop in quarterly net earnings on Tuesday, from the year-earlier period when it recorded a one-time gain.

Berkshire Hathaway to buy Lubrizol for $9 billion

BANGALORE (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to acquire specialty chemical company Lubrizol Corp for $9 billion for cash, making it one of the largest acquisitions in its history.

American Airlines unit revenue up in early 2011

ATLANTA (Reuters) - American Airlines parent AMR Corp said passenger unit revenue rose about 4.5 percent to 5 percent in the first two months of this year compared with a year before.

Warren Buffett heir apparent quits after stock purchases

NEW YORK (Reuters) - Warren Buffett's leading heir apparent David Sokol resigned from Berkshire Hathaway , and Buffett said in a statement on Wednesday that Sokol bought shares in a company he later pushed Buffett to purchase.

3M ups production of safety products to aid Japan

NEW YORK (Reuters) - Industrial conglomerate 3M Co said on Thursday all 2,700 employees in its majority-owned Japan joint venture are safe and its facilities suffered only minor damage, and it is ramping up production of safety-related products.

China report claims Google-linked companies broke tax rules

BEIJING (Reuters) - Chinese authorities have found three companies linked to Google broke tax rules and are continuing to probe for possible tax avoidance, a state-run Chinese newspaper said on Thursday, raising the possibility of a new bout of pressure on the Internet search giant.