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Chinese President Jiang Zemin, in a new overture to rival Taiwan, on Tuesday called on Taiwanese from all walks of life to offer their views and suggestions on ways to reunify the mainland and the island.
"We welcome Taiwanese people of all circles to raise beneficial ideas and suggestions on peaceful reunification," J... | 43 |
China has launched its first survey of its hundreds of millions of rural residents to gauge the impact of nearly two decades of economic reforms on the country's agricultural sector, officials said on Monday.
Since January 1, an army of six million officials and interviewers has been mobilised to canvass an estimated 2... | 43 |
China posted a trade surplus of $12.24 billion in 1996 on Friday, lower than recent official projections but an about-face from predictions early in the year of a trade deficit.
Exports were spurred by the government's faster payment of export tax rebates and an expansion of credit to exporters as well as by soaring tr... | 43 |
China said on Monday it would support Hong Kong's efforts to expand foreign trade relations after the territory returns to Beijing's control in mid-1997 provided such ties did not undermine China's sovereignty.
"We stand ready to support Hong Kong in its efforts to expand foreign economic and trade relations... provide... | 43 |
China said on Tuesday it had drawn a pledge from Guatemala not to support Taiwan's bid to enter the United Nations, winning a round in its campaign to isolate the island on the world stage.
Guatemala had promised to abide by a U.N. resolution stating there was only one China and that Beijing was the sole legal represen... | 43 |
China's Communist Party has taken its crusade to resurrect socialist values to Tibet, with a call for textbooks and publications to stress the historical links between the restive Himalayan region and its Chinese rulers.
Delegates to a recent Communist Party meeting urged Tibet to embrace "spiritual civilisation", or s... | 43 |
China warned the United States on Thursday that slowly warming Sino-U.S. ties could be complicated if Washington decided to confront Beijing on the issue of human rights.
"If the human rights question is made into an issue to interfere in China's internal affairs, then this problem will become more and more complicated... | 43 |
Visiting Colombian Foreign Minister Maria Emma Mejia said on Monday she hoped to boost cooperation with Beijing to help both nations crack down on a flourishing narcotics trade.
Colombian officials said they hoped to sign an agreement with China that would increase information exchanges and strengthen police training i... | 43 |
China has sentenced two veteran democracy activists to hard labour for up to three years, a fellow dissident said on Saturday.
Authorities in Taiyuan in central China's Shanxi province sentenced Fu Guoyong to three years of re-education through labour, the dissident told Reuters by telephone.
Fellow activist Chen Ping,... | 43 |
China's listed companies must work to increase transparency and improve asset valuation if the country's fledgling markets are to gain global prominence, a top U.S. securities official said in Beijing on Tuesday.
Arthur Levitt, chairman of the U.S. Securities and Exchange Commission, said he stressed in meetings with C... | 43 |
Xujiachong village in central China's Hubei province is nestled in a lush, narrow valley dotted with whitewashed concrete houses, small cabbage patches and freshwater fish ponds.
Ruddy-cheeked children peer out of ill-lit doorways while farmers steer belching tractors along dirt roads lined with orange trees, their ver... | 43 |
To dam or not to dam the mighty Yangtze river has been a question that has teased China for much of this century.
Electrical engineer-turned-premier Li Peng finally took the decision to dam, and four years later officials charged with the giant project are confident neither funding shortfalls nor environmental activist... | 43 |
A prominent exiled Chinese human rights activist has said his contacts with detained dissident Wang Dan do not justify the capital charge against the former student leader, who is expected to go on trial soon.
Wang Juntao, who now lives in the United States, has prepared written testimony rejecting charges that Wang Da... | 43 |
China issued an anti-corruption communique to the Communist Party on Thursday, warning members of the party that swept to power in 1949 on a platform of integrity not to exploit official power for personal profit.
The communique, issued by the ruling party's Central Commission for Discipline Inspection, also warned off... | 43 |
China said on Tuesday the health of its 92-year-old paramount leader Deng Xiaoping was relatively good and had not changed dramatically.
"For an old man, he is doing relatively well," Chinese Foreign Ministry spokesman Shen Guofang told a news briefing when asked about Deng's health.
"There has been no big change," She... | 43 |
This month's Asia-Pacific Economic Cooperation (APEC) summit could see conflicting views between regional powers eager to boost free trade and a Chinese delegation more interested in soft loans, diplomats said.
While Pacific heavyweights such as the United States, Japan and Canada aimed to lower trade barriers between ... | 43 |
China, stronghold of table tennis and kung fu, is trying its hand at professional basketball with the start on Saturday of a new league using American coaches and players.
The China New Basketball Alliance was set up earlier this year by the country's State Sports Commission along with Spectrum, a Hong Kong-based sport... | 43 |
China confirmed on Tuesday that veteran dissident Wang Xizhe had fled the country, accused him of crossing the border illegally and said Chinese authorities were pursuing those who helped him.
"Concerning the question of Wang Xizhe, this is a case of illegally and secretly crossing the border," Foreign Ministry spokesm... | 43 |
China on Thursday warned the United States to stop selling arms to Taiwan, saying the issue could ruin relations despite the friendly smiles shown on Defence Minister Chi Haotian's current U.S. visit.
Washington's arms sales to Beijing's island rival would destroy the warming Sino-U.S. relationship that was vital for m... | 43 |
China defended on Wednesday a proposal to roll back civil liberties in Hong Kong after the British colony reverts to Chinese rule this year, saying all rights and freedoms had limits.
Recent British reforms to Hong Kong's civil liberties laws had violated the Basic Law, the future mini-constitution of Hong Kong promulg... | 43 |
A U.S. forensics team has arrived in China to recover the remains of crew members from a crashed World War Two bomber recently discovered in south-western China, U.S. officials said on Sunday.
The team from the U.S. Department of Defence would focus on recovering and identifying the remains of the doomed bomber's crew,... | 43 |
China's defence sector and state-owned heavy industries are the country's biggest loss-makers but reform of the lumbering state sector is proceeding at a snail's pace, analysts said on Friday.
More than 45 percent of China's 68,800 state industrial firms posted losses from January to September, a rise of 17.6 percent f... | 43 |
The Communist Party chief in Tibet has vowed to boost patriotic education in the Himalayan region to battle foreign forces hostile to China and the influence of the exiled spiritual leader, the Dalai Lama.
Patriotic education would be an important factor in battling hostile Western forces that sought to create chaos in... | 43 |
China's top graft-buster on Monday lauded the country's success in battling corruption in 1996 but urged greater efforts this year to fight abuses of power by government officials.
Vigilant residents and rules requiring officials to report their incomes had helped uncover hundreds of thousands of graft cases in 1996, X... | 43 |
China is singing the praises of paramount leader Deng Xiaoping in a primetime television series but the paean to the ageing patriarch is getting mixed reviews from the man in the street.
Beijing residents viewed the first few episodes of the 12-part documentary on the 92-year-old leader with a mixture of adulation, sce... | 43 |
China on Wednesday handed over to U.S. military officers the remains of U.S. airmen who died 52 years ago when their bomber crashed into a remote southwestern Chinese mountain during World War Two.
"No matter where we must go or how much time it takes, America does not forget its warriors and we will endeavour to bring... | 43 |
Jailed Chinese dissident Wang Dan is suffering from severe throat and back problems in a cold northeast China prison that does not have the facilities to treat him, his mother said on Friday.
Wang, who is serving an 11-year sentence for plotting to overthrow the government, was suffering from throat inflammation, back ... | 43 |
Chinese President Jiang Zemin on Thursday used the 60th anniversary of a communist military ordeal to try to strengthen his grip on the army by exhorting soldiers to toe the party line.
Western diplomats have said that whether Jiang will be able to fill the shoes of his mentor, paramount leader Deng Xiaoping, now 92 an... | 43 |
China's inefficient coal sector needs foreign funds and technology to modernise but must do more to create a better investment environment, industry officials and foreign businessmen said on Tuesday.
"There are opportunities for literally billions of dollars in coal investments here," said David Klingner, group executi... | 43 |
China said on Wednesday it would empower Hong Kong's courts to put on trial off-duty Chinese soldiers after Beijing resumes control over the British colony in 1997.
The standing committee of the National People's Congress (parliament), which is in session in Beijing, was expected to pass a law spelling out how to handl... | 43 |
China on Thursday accused foreign journalists of biased reporting and urged them to learn from Edgar Snow, a U.S. reporter and author sympathetic to the Chinese communist cause.
Reporters from Western nations had misjudged China based on standards that did not apply to countries with different social and political syst... | 43 |
China warned Taiwan on Wednesday not to seek independence from the communist mainland, hinting the island would meet disaster if Taipei insisted on splitting from the motherland.
Taipei had failed to answer a 1995 call by Chinese President Jiang Zemin for reconciliation and had instead actively sought to split Taiwan f... | 43 |
Chinese President Jiang Zemin will travel to Moscow in spring for a summit with Russian leader Boris Yeltsin, the official Xinhua news agency said on Tuesday.
The two sides are expected to sign agreements on arms reductions along the 4,300-km (2,580-mile) Sino-Russian border in the near future, Xinhua said.
Chinese Pre... | 43 |
China said on Friday that sexual contact was the leading cause of AIDS and warned that venereal disease could be a springboard for an AIDS epidemic.
"China should take immediate steps to curb the epidemic of STDs (sexually transmitted diseases) because their incidence rate is rising in the country," the official Xinhua... | 43 |
China said on Wednesday it would empower Hong Kong's courts to put on trial off-duty Chinese soldiers after Beijing resumes control over the British colony in 1997.
The standing committee of the National People's Congress (parliament), which is in session in Beijing, was expected to pass a law spelling out how to handl... | 43 |
North Korea expects a shortfall of two million tonnes of grain next year -- equal to 40 percent of the nation's needs and significantly worse than expected, a Red Cross official said on Monday.
Only a few months ago, aid workers had estimated the food shortage would be 1.5 million tonnes.
"Their shortages are serious..... | 43 |
U.S. Vice-President Al Gore could visit China in early 1997 if he was re-elected next month, a senior U.S. official said in Beijing on Saturday.
"We have sent a proposal here and it's been reviewed and I don't think there's any real disagreement," U.S. Assistant Secretary of State for Oceans and International Environme... | 43 |
China on Tuesday blasted U.S. penalties against its textiles ahead of a visit next week by U.S. Secretary of State Warren Christopher, but said the two sides had more in common than differences.
Beijing accused Washington of not having produced enough evidence to support textile sanctions and said it opposed strong-arm... | 43 |
A decade ago, Chinese publishers were still putting type in place by hand, painstakingly selecting one character at a time from thousands of inky stereotypes.
Then in 1986, Wang Xuan, a professor of computer science at Beijing University, created a software programme to represent Chinese fonts on a computer.
Today, nea... | 43 |
A lone Russian with a European record-breaking performance kept the Chinese women's swimming team from a clean sweep on the final day of the World Cup short-course series on Thursday.
The Chinese women struck gold by powering their way to eight victories in nine events, failing to capture only the 100 metres backstroke... | 43 |
China has urged the devoutly Buddhist region of Tibet to embrace atheism to counter the influence of the exiled spiritual leader the Dalai Lama and to raise itself out of poverty.
Beijing also lashed out at the European Union for allowing a meeting between officials of the European Parliament and the Dalai Lama, whom B... | 43 |
U.S. Undersecretary of State Lynn Davis has begun talks with Chinese officials in Beijing on arms proliferation issues, a U.S. Embassy official said on Monday.
"She has arrived and started talks," the official said by telephone. Davis arrived in Beijing last Thursday and was due to hold talks on Monday and Tuesday.
"Sh... | 43 |
U.S. Undersecretary of State Lynn Davis has arrived in Beijing for talks next week with Chinese officials on arms proliferation, a spokesman at the U.S. Embassy in Beijing said on Friday.
Davis would lay the groundwork for a visit by U.S. Secretary of State Warren Christopher later this month, his first to China since ... | 43 |
China said on Thursday that Sino-U.S. trade ties have improved but warned that major problems, including Beijing's long-delayed entry into the World Trade Organisation (WTO), still needed to be resolved.
It also hinted at possible retaliation against a U.S. decision last month to slap punitive charges against Chinese t... | 43 |
China has revived a call by Communist Party chief Jiang Zemin to wipe out poverty before the end of the century in a bid to placate its backward hinterland, analysts said.
The text of a speech Jiang made in September calling for more funds to fight poverty was splashed across front pages of major newspapers on Monday.
... | 43 |
China tried to backtrack on Thursday from a warning to Hong Kong people on limits to their freedom of expression after the territory reverts to Beijing rule in 1997, saying liberties would remain but within the law.
"Hong Kong people will have full freedom of expression, but all freedoms must be within the limits allow... | 43 |
China said on Thursday that Sino-U.S. trade ties have improved but warned that major problems, including Beijing's long-delayed entry into the World Trade Organisation (WTO), still needed to be resolved.
It also hinted at possible retaliation against a U.S. decision last month to slap punitive charges against Chinese t... | 43 |
Leading Chinese activist Wang Dan will go on trial on Wednesday, charged with the capital crime of plotting to overthrow the government, a family member said.
The Beijing Number One Intermediate People's Court had told Wang's family that his trial would begin on Wednesday morning, his mother Wang Lingyun said by teleph... | 43 |
A U.S. defence team found human remains and parts of an American bomber on Tuesday after making its way up a steep mountain slope in southwestern China to inspect a recently found World War Two crash site.
The officials clawed their way up the slippery, granite face of Maoer mountain in Guangxi province and pronounced ... | 43 |
A U.S. military honour guard on Friday formally took back the remains of U.S. airmen killed in World War Two and sent them on their final journey home.
Chinese officials handed over to U.S. Ambassador James Sasser three black cases containing the remains of the B-24 bomber's crew, who died when their plane hit a steep ... | 43 |
Archer Daniels Midland Co. Monday said it agreed to plead guilty to two counts of federal charges of price fixing in the sale of agricultural products and to pay record fines totaling $100 million.
Under the agreement, which is subject to court approval, ADM will pay $70 million to settle a charge of fixing prices for ... | 36 |
Quaker Oats Co. said Thursday its profits more than doubled in the latest quarter despite a drop in sales due to lower prices for breakfast cereals and heavy spending on its struggling Snapple beverage line.
Concerns over Snapple, which Quaker bought nearly two years ago for $1.7 billion, sent the company's stock down ... | 36 |
Conseco Inc's $477 million planned purchase of Pioneer Financial Services Inc, its seventh acquisition announced this year, is aimed at building the company's product offerings for senior citizens.
Conseco is already among the leading providers of supplemental health insurance, retirement annuities and life insurance f... | 36 |
The burger battle will stay hot next year as fast-food chains test new recipes and cook up promotions to draw more customers into their eateries -- and away from each other.
McDonald's Corp. dominates the landscape with about 12,000 U.S. restaurants and more than 20,000 worldwide. But in spite of a new menu, its U.S. s... | 36 |
McDonald's Corp. said Tuesday it created a new position of chairman of its U.S. operations, in a move analysts said was sparked by intense competition and soft sales from existing stores in the domestic market.
McDonald's named Jack Greenberg, 54, to the new post of chairman, McDonald's U.S.A. He remains vice chairman ... | 36 |
Quaker Oats Co. is looking to shed its Snapple beverage business and, in the process, may also end up selling the Gatorade sports drink line, its single largest brand, analysts said Friday.
"I think it's up for sale," Prudential Securities analyst John McMillin said of Quaker's beverage division.
Speculation that Quake... | 36 |
McDonnell Douglas Corp. Friday announced the sudden resignation of the head of its aerospace business, Herbert Lanese, sparking speculation that disagreements over cost-cutting tactics might have hastened his departure.
Lanese, who joined the aircraft and aerospace firm in 1989 as senior vice president of finance, left... | 36 |
Nalco Chemical Co Chairman Ted Mooney said he is comfortable with analysts' estimates for fourth quarter earnings from continuing operations of $0.50 to $0.51 per fully diluted share, up from $0.45 from continuing operations a year ago.
"We're comfortable with that," Mooney said in a telephone interview.
Looking ahea... | 36 |
Monsanto Co. said Thursday it is considering several options for the future, including splitting into two separate, publicly traded corporations -- one a life sciences company and one a chemical business.
Other options being weighed by the St. Louis-based company are to sell or merge its chemical businesses with other ... | 36 |
Morton International Inc., the maker of Morton Salt, has gained a key European presence for two of its businesses due to planned acquisitions, its chairman said Thursday, and is likely to expand there with further purchases.
"We're prepared to look at specialty chemical investments anywhere in the world. There are more... | 36 |
Former Archer Daniels Midland Co. executive Mark Whitacre said Tuesday he was no longer cooperating with the U.S. government in its price-fixing probe, adding yet another wrinkle to the complex antitrust case.
Whitacre, a government informant for about three years in the federal investigation of his former employer, wa... | 36 |
Monsanto Co, which produces genetically altered soybeans, on Wednesday defended the scientific tests that back its safety claims for the crop.
"We did something like 1,800 tests to evaluate those soybeans," said Karen Marshall, manager of public affairs for Monsanto. "These soybeans are absolutely safe."
The environmen... | 36 |
Competitive pressures in the U.S. cereal market are expected to put a crunch on earnings for two companies -- one the branded leader and the other the largest maker of private-label cereals.
Analysts said Kellogg Co, the largest U.S. cereal maker, is expected to report flat fourth quarter earnings, although it may be a... | 36 |
American Trans Air (ATA), which recently announced plans to cut back its jet capacity and some scheduled service, expects to forge additional alliances with other air carriers.
"We clearly think that code-sharing is an opportunity for this company to expand the markets in which it can participate," Kenneth Wolff, chief... | 36 |
Western Resources Inc said its alliance with natural gas company ONEOK Inc could boost its earnings by $0.10 to $0.15 a share in the first full year of operations.
"We could see earnings be improved by maybe $0.10 or $0.15 a share in the first full year of operation," David Wittig, Western Resources president, said in ... | 36 |
Monsanto Co, which exceeded analysts' expectations for its third quarter, warned analysts not to increase earnings estimates for the full year, according to Nicholas Filippello, chief economist.
"I warned them (analysts) not to increase expectations for the full year," Filippello said, adding the First Call mean of ana... | 36 |
Kellogg Co. on Friday reported a drop of more than 30 percent in its third quarter profits as its cereal volume dropped in an intensely competitive market.
Kellogg, which makes Corn Flakes, Frosted Flakes, Rice Krispies, Fruit Loops and Special-K, is fighting back, launching marketing plans for the fourth quarter that ... | 36 |
Just days after pleading guilty to price fixing and agreeing to pay $100 million in fines, Archer Daniels Midland Co. lost two key executives Thursday, as the giant agricultural products company remained dogged by controversy.
ADM said Michael Andreas, vice chairman and son of influential Chairman Dwayne Andreas, took ... | 36 |
Diana Corp said Thursday that its decision to spin off its various business holdings and keep only its Sattel Communications Inc unit should attract analyst coverage of the firm.
"The analysts on Wall Street were not interested in picking up coverage of the company" because of its diverse holdings, said Sattel spokesma... | 36 |
Facing declining U.S. cereal volumes in an intensely competitive market, Kellogg Co said it is launching promotional programs to boost its sales.
"We'll be taking what we believe are appropriate actions," Kellogg spokesman Richard Lovell said Friday.
Kellogg refused to outline what those programs might include. Analyst... | 36 |
Conseco Inc. said Monday it would buy Pioneer Financial Services Inc., a health and life insurer, for about $417 million in stock, extending its acquisition spree.
Carmel, Ind.-based Conseco will also pay $60 million to retire bank debt and pay other costs, the companies said.
For Conseco, the Pioneer acquisition -- it... | 36 |
Archer Daniels Midland Co.'s Chairman Dwayne Andreas apologised to shareholders Thursday for the "difficult situations" that the company faced over the past year.
Andreas, like other ADM officials who spoke at the meeting, used mostly euphemisms when referring to ADM's guilty pleas to two counts of pricing-fixing and a... | 36 |
Archer Daniels Midland Co, which pleaded guilty to price fixing this week, will face tough criticism at its annual meeting Thursday from shareholders seeking to make ADM's board more independent.
"There needs to be dramatic reform at this company, at...both the board and the management level," said Edward Durkin, direc... | 36 |
Shedding its chemical businesses would leave Monsanto Co as a pure play in the high-growth life sciences area with attractive agricultural biotechnology and pharmaceutical holdings.
"This entity is likely to (have) a higher valuation by itself than with the chemical businesses intact," NatWest Securities analyst Mark W... | 36 |
Monsanto Co said Monday its pending acquisition of Holden's Foundation Seeds, a $1.0 billion deal that gives it access to the worldwide seed corn market, will dilute earnings for two or three years.
In the first year, dilution could be as much as $0.10 to $0.17 a share, Filippello said, but cautioned the number could b... | 36 |
A federal judge Tuesday accepted Archer Daniels Midland Co.'s price-fixing guilty plea and ordered it pay $100 million in fines, but the action did not put an end to the scandal at the farm products giant.
Shortly before U.S. District Court Judge Ruben (corrects from Rueben) Castillo accepted ADM's guilty plea to two c... | 36 |
Kellogg Co. pledged again Friday to halt the erosion of its leading share of the $9 billion U.S. cereal market, but did not say what steps it planned to take.
The uncertainty over its future strategy made some investors nervous, and the stock was down 75 cents to $67 in afternoon trading after earlier falling as low as... | 36 |
Former Archer Daniels Midland Co executive Mark Whitacre, who acted as an informant in an antitrust case against the company, on Friday filed suit against ADM seeking back wages and punitive damages.
In a suit filed in U.S. District Court for the Central District of Illinois, Whitacre also formally denied charges previ... | 36 |
Archer Daniels Midland Co's $100 million agreement with the U.S. Justice Department will likely have minimal financial impact on the agribusiness giant, which has about $1.3 billion on hand.
"This is not going to affect their balance sheet in any meaningful way," said NatWest Securities analyst David Nelson.
But the se... | 36 |
At Archer Daniels Midland Co.'s annual meeting last year, Chairman Dwayne Andreas declined to give shareholders the floor, saying, "This meeting runs according to my rules."
This year, however, shareholders are pressing for different rules.
Four institutional shareholders will have the floor at Thursday's meeting here ... | 36 |
Deere & Co. Tuesday reported record fourth-quarter and annual earnings as demand grew for its agricultural, industrial, commercial and consumer equipment worldwide.
Net income jumped 15 percent to $173.9 million, or 68 cents a share, for the quarter ended Oct. 31, from $150.6 million, or 57 cents a share, in the ye... | 36 |
The green fields of agricultural biotechnology are turning into a legal battle ground as companies file suits and countersuits against each other to protect their stakes in the budding business.
Biotech players are "suing each other over control of the technology," said Ray Goldberg, professor of Agriculture and Busine... | 36 |
McDonnell Douglas Corp said Wednesday it was cooperating with a federal investigation into the sale of $5 million of used machine tools to China, which diverted the equipment to the site of a military plant.
"We're confident that the current investigation will show that McDonnell Douglas violated no laws in the sale of... | 36 |
McDonald's Corp. on Friday reported a 10 percent rise in net income, despite a weak U.S. operating environment that was offset by growth overseas.
The fast-food giant, which has nearly 20,000 restaurants worldwide, said net income rose to $440 million from $400 million. Earnings per share gained 11 percent, with fewer ... | 36 |
Archer Daniels Midland Co. Monday said it agreed to plead guilty to two counts of federal charges of price fixing in the sale of agricultural products and to pay record fines totalling $100 million.
Under the agreement, which is subject to court approval, ADM will pay $70 million to settle a charge of fixing prices for... | 36 |
Archer Daniels Midland Co., which earlier this month pleaded guilty to two counts of price fixing, took steps Thursday to ease the reins out of the hands of its 78-year-old chairman, Dwayne Andreas.
ADM, which faced strong criticism from big shareholders at its annual meeting on Oct. 17, said it formed a four-member of... | 36 |
Former Archer Daniels Midland Co. executive Mark Whitacre, who acted as an informant in an antitrust case against the company, Friday sued ADM, seeking back wages and punitive damages.
In a lawsuit filed in U.S. District Court, Whitacre also formally denied charges previously brought by ADM that he allegedly stole $9.0... | 36 |
Stiff competition and high ingredient costs will likely result in flat to lower earnings for several U.S. food companies that will soon report quarterly results.
Quaker Oats Co is expected to report flat earnings for the third quarter as its Snapple beverage line continues to be a drag on the company. "We're looking fo... | 36 |
Quaker Oats Co. is looking to shed its Snapple beverage business and, in the process, may also end up selling the Gatorade sports drink line, its single largest brand, analysts said Friday.
"I think it's up for sale," Prudential Securities analyst John McMillin said of Quaker's beverage division.
Speculation that Quake... | 36 |
By strengthening its management team with the new post of chairman of its domestic business, McDonald's Corp is attempting to address head-on its problems in the intensely competitive U.S. market.
"The signal they are trying to send is, 'we clearly recognize that we have problems in the U.S. and we are going to do some... | 36 |
McDonald's Corp said its new restaurant openings for 1996 and 1997 likely will be at the low-end of its targeted range of 2,500 to 3,200 units.
"We will hit the low end of our projected range (with) 2,500-plus restaurants (in 1996)," McDonald's spokesman Chuck Ebeling told Reuters. "We're just doing our planning for ne... | 36 |
Archer Daniels Midland Co., which pleaded guilty to price fixing this week, will face tough criticism at its October 17 annual meeting from shareholders seeking to make ADM's board more independent.
"There needs to be dramatic reform at this company, at...both the board and the management level," said Edward Durkin, di... | 36 |
Archer Daniels Midland Co likely will face criminal charges in a U.S. government price-fixing investigation after three companies pleaded guilty, legal experts said Tuesday.
"It puts them (ADM) on notice that their alleged co-conspirators are cooperating with the government, providing both documents and oral testimony,... | 36 |
The higher minimum wage signed into law Tuesday will be welcome relief for millions of workers, but it may also translate into higher prices for hamburgers, pizzas and other fast-food items, some restaurant chains said.
The 90-cent-an-hour increase will have little short-term impact on many fast-food chains that alread... | 36 |
Despite losing out on two potential aircraft deals, McDonnell Douglas Corp's stock remains near its 52-week high, reflecting a strong balance sheet and expectations it will make an acquisition.
"The company is generating on the order of about $1.0 billion to $1.25 billion of free cash flow annually, which translates in... | 36 |
Oneok Inc. and Western Resources Inc. on Thursday agreed to a $660 million deal that combines their natural gas assets and gives Western Resources access to a broader base of customers for its electricity and security services.
The deal reflects the moves within the utility industry to prepare for further deregulation.... | 36 |
U.S. cereal leader Kellogg Co is hoping its competitors cut back on their promotional efforts, but failing that it may be forced to increase costly marketing efforts next year.
"The first thing they are going to do is hope the competition will cut back (on) promotions," said BT Securities analyst John O'Neil, who atten... | 36 |
Monsanto Co's board of directors, at its regularly scheduled meeting on Friday, is expected to decide the fate of the chemical business that the company has said it wants to shed, analysts said.
A Monsanto spokeswoman on Thursday confirmed the Monsanto board is meeting on Friday, but she declined to comment on what it ... | 36 |
The burger battle will continue in the United States next year as fast-food chains test new recipes and cook up promotions to draw more customers into their eateries -- and away from each other.
McDonald's Corp dominates the landscape with about 12,000 U.S. units and over 20,000 worldwide. But in spite of a new menu, i... | 36 |
Kansas City Southern Industries Inc said it is weighing options to finance its part of a joint $1.4 billion venture to control a Mexican rail line, a key link in its plans to offer Canada-to-Mexico service.
"We absolutely have the ability to finance this," Michael Haverty, president of the Kansas City Southern Railway ... | 36 |
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