Walter Energy Inc. (WLT), a southern Appalachia producer of coal for making steel, agreed to buy Canadian company Western Coal Corp. (WTN) for C$3.3 billion ($3.3 billion).
Walter Energy made an offer of C$11.50 per share in cash or 0.114 of a Walter…
Chinese leaders say they will tighten monetary policy in 2011, a sign that authorities are increasingly concerned about rising inflation.
The Politburo decided that China’s monetary policy should shift “from relatively loose to prudent next year,” Th…
Walmart hopes to make headway into the rural and poorer sections of China with small stores that are easy and cheap to build. The model is based to some extent on facilities the world’s largest retailer operates in Mexico.
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Starbucks said Wednesday that it plans to grow its worldwide sales by expanding its 220 stores in mainland China to “at least” 1,500 by 2015. The world’s largest coffee chain also is planning to add stores in Brazil, Russia and…
The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.
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