World Business News

Pepsi announces fully plant-based bottle

TABJ – March 15 – PepsiCo Inc. says it has hit a landmark in renewable packaging, having developed the world's first PET plastic bottle made entirely from plant-based materials. Purchase, N.Y.-based Pepsi said today that its new bottle, made from materials such as switch grass, ...
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Nuclear fears drop uranium almost 10%

TABJ – March 15 – Worries related to a Japanese nuclear power plant damaged in Friday's earthquake have dropped uranium prices 9,8 per cent, Bloomberg is reporting. Uranium-oxide concentrate for immediate delivery fell from US$66,50 a pound in the seven days to last Monday to ...
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Buffett buys chem company Lubrizol for US$9 billion

TABJ – March 14 – Investor Warren Buffett's Berkshire Hathaway Inc. will acquire The Lubrizol Corp. for US$9,7 billion in cash, taking on $700 million in debt, the companies announced today. Lubrizol will remain headquartered in Wickliffe, U.S. as a subsidiary of Berkshire Hathaway. The purchase ...
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TOPIX takes tumble as Japan's quake costs assessed

TABJ – March 14 – The TOPIX slipped 7,5 per cent on its highest trading volume ever as the costs of Friday's massive earthquake took their toll on Japanese stocks today. At least 2 000 have died after the 8,9-magnitude offshore quake struck Friday afternoon. ...
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Obama ready to open strategic oil reserves

TABJ – March 11 – U.S. President Barack Obama is ready to turn to the nation's own strategic oil reserves to increase supply and fight increasing gas prices, CNN is reporting. In his press conference in Washington today, Obama said the White House is exploring ...
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Massive 8,9 offshore earthquake rips Japan

TABJ – March 11 – Japan has been hit with its biggest earthquake since the country began taking records, a magnitude 8,9 quake that killed at least 40 people today and has countries around the Pacific Ocean bracing for tsunamis. The epicentre of the offshore ...
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Rio Tinto sweetens pot on Riversdale

TABJ – March 10 – Rio Tinto Group has increased its AU$16-per-share bid for Riversdale Mining Ltd. by 50 cents, hoping to clinch a purchase attempt begun in December. “There has been no sign of a competing proposal in the 11 weeks since the bid ...
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China reports trade deficit for February

TABJ – March 10 – The export-heavy Chinese economy recorded a trade deficit last month, according to the Associated Press. A drop in production related to the week-long Chinese New Year holiday, coupled with escalating energy prices hit China with a $7,3-billion deficit for February.While ...
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Canadian gov't unconcerned over bank views on TMX

TABJ – March 9 – Canadian Industry Minister Tony Clement has no problem with his nation's banks speaking their minds on the proposed merger between Toronto Stock Exchange operator TMX Group Inc. and London Stock Exchange Group Plc. “They are going to put forward their opinion,” Clement ...
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Subway passes McDonald's in total stores worldwide

TABJ – March 9 – Subway sandwich seller Subway has the most restaurants in the world, surpassing McDonald's Corp., according to the Wall Street Journal. Subway ended 2010 with 33 749 restaurants globally, more than the 32 737 McDonald's locations worldwide.Subway expects its international stores to ...
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