BC-US--Business News Digest, US
NEW YORK â¿¿ The world's biggest retailer, Wal-Mart Stores Inc., says it is likely that it will incur a loss from bribery probes into its operations in Mexico and other countries.
CREDIT SUISSE-MORGAN STANLEYGENEVA â¿¿ Credit Suisse Group will buy Morgan Stanley's wealth management businesses in Europe, the Middle East and Africa, but not in Switzerland. â¿¿ TRAIN CARS DERAIL â¿¿ Authorities say at least three cars of a Canadian Pacific train have spilled or leaked crude oil after a derailment in western Minnesota. â¿¿ HEINZ-BERKSHIRE HATHAWAY â¿¿ Shareholders of H.J. Heinz Co. will vote on April 30 whether to sell the ketchup maker to Warren Buffett's Berkshire Hathaway and 3G Capital for $23.3 billion. Heinz also says that antitrust regulators approved the deal early, clearing one of the conditions to completing the transaction. â¿¿ MERCK-ALLERGY PILL â¿¿ Merck & Co. has applied to sell a new type of treatment for grass pollen allergy that gradually reduces symptoms over time, rather than just temporarily relieving the sneezing and itching. â¿¿CHINA-EARNS-AIRLINES â¿¿ China's three major state-owned airlines posted sharp drops in annual profit because of the weak global economy, higher jet fuel prices and smaller foreign currency gains. â¿¿ JAPAN-MITSUBISHI MOTORS â¿¿ Mitsubishi Motors says a battery in a plug-in hybrid Outlander vehicle heated up and melted and that a battery for i-MiEV electric cars caught fire at an auto-assembly plant. â¿¿ KINGS SALEâ¿¿ With the clock clicking down, Sacramento city officials took their last shot at keeping the NBA Kings in California's capital by approving a public-private deal to build a new 18,500-seat arena and retail center downtown. AP photos â¿¿ SUPERSTORM-AQUARIUM â¿¿ The New York Aquarium has cherished its big-city setting by the sea for half a century. But the ocean that is the aquarium's lifeblood dealt it a shattering blow last fall. AP photos.
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