Wall Street faces fresh probes as Grasso mansions amid fund scandals
Investors question integrity as several mutual funds face illegal trading probes. NYSE chief Dick Grasso balks at a $48 million retirement payout while defending governance reforms. Banks offer to reimburse affected investors as concerns grow about CEO pay and market ethics.
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Cargill Enters Bid for Farmland Pork Unit in Auction
Cargill Inc bids 385 million dollars to buy Farmland Foods pork processing assets, topping Smithfield's 363.5 million offer. An auction overseen by the U.S. Bankruptcy Court is set for early October with potential price escalation due to competing bids. Farmland Industries filed for bankruptcy in May 2002. its pork plants include Denison Iowa Monmouth Illinois and Creighton Nebraska with more sites processing hogs under Excel Corp in Wichita.
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Smithfield Deal Faces U.S. Probe Pressure
Minnesota AG and eight U S senators urge Justice Department to review Smithfield’s planned purchase of Farmland’s hog unit to assess impact on farmers and consumers. Cattle Buyers Weekly shows IBT Tyson 17.7 percent, Excel 8.4 percent, Farmland 8.0 percent. Smithfield stock slid 11 cents on Friday.
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Pete UY
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Parade
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Segoa
Sun
Dubuque Rd
Hwy 151
Culverslandscape
Thomasville
Kenwood House
Kenwood
1St Ave. S.E
Cepar Rapids
KenwoodHouseFurniture.com
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