Smucker drops bid to buy Wesson Oil after U.S. objects

Reading Time: 2 minutes Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more

Amazon to cut Whole Foods prices amid intense grocery turf war

Reading Time: 2 minutes Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more

U.S. FTC clears Amazon acquisition of Whole Foods

Reading Time: 2 minutes Washington | Reuters — The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com’s planned US$13.7 billion acquisition of Whole Foods Market. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation […] Read more


U.S. proposes cutting biofuels requirements due to ‘market realities’

Reading Time: 2 minutes New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more