Sherwin-Williams paint company to buy Valspar for $8.9 billion
The Sherwin-Williams Co (SHW.N) has agreed to acquire rival U.S. paint company Valspar Corp (VAL.N), the companies said on Sunday, in an all-cash deal valued at about $8.9 billion.Sherwin-Williams will pay $113 a share, or a premium of about 41 percent to Valspar's volume weighted average price for the 30 days through March 18, they said in a statement.Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69.Sherwin-Williams said the deal ..>> view originalTribune loses battle for Orange County Register, other Freedom assets
Pedestrians pass photos displayed on the Los Angeles Times building. The paper is owned by the Tribune Co.(Photo: David McNew, Getty Images)NEW YORK--Freedom Communications plans to sell its California newspapers, including the Orange County Register, to Digital First Media rather than the higher bidding Tribune Publishing, citing regulatory hurdles facing Tribune.Tribune Publishing, which owns the Los Angeles Times and the Chicago Tribune, recently won a bankruptcy auction to acquire Freedom Co..>> view originalGMO Labeling Law Roils Food Companies
The U.S. food industry is fighting one of its fiercest regulatory battles in years over labels for ingredients made with genetically modified organisms. And it is losing—to Vermont. The country’s first law requiring mandatory GMO labels is slated to go into effect in Vermont on July 1 after an industry-backed federal law that would block states’ authority stalled in the U.S. Senate last week. Facing fines up to $1,000 a day per product, food makers from giants like General Mills Inc. to regiona..>> view originalChina shifts axed miners to lower-paid jobs in farming, cleaning
SHUANGYASHAN, China Anticipating millions of layoffs from bloated state-owned coal and steel companies, Chinese authorities are shunting redundant workers into jobs in farming, forestry and public services.While this may keep unemployment rates under check, such jobs generally pay less, and could mean a step down in quality of living, reduced spending power and potentially increased dissatisfaction.At the recent annual session of parliament China's leaders stressed that a major restructuring o..>> view originalAAA: Md. drivers paying $1.98 per gallon
By Associated Press March 20 at 11:37 AM WASHINGTON — Motorists in Maryland are paying 10 cents more at the pump when compared with a week ago. AAA Mid-Atlantic said Friday in a report that the average price of a gallon of regular unleaded gas in Maryland was $1.98, up from $1.88 a week ago. The price of gas in the state is a penny above the national average. The average price of a gallon of regular unleaded gas in cities around the state includes $1.98 in Baltimore, $1.94 in Cumberland, $1...>> view originalLegal marijuana sales may hit $23B in 4 years
Legal marijuana sales may hit $23B in 4 years USA TODAY , KUSA 10:57 PM. GMT March 20, 2016 DENVER (USA TODAY) - Marijuana is rapidly becoming a big, semi-legal business across the country, with $5.7 billion in sales last year and tens of thousands of people working and paying taxes as they cultivate, package and sell cannabis.Colorado, Alaska, Oregon, Washington state and Washington, D.C. have all legalized adult recreational use, and 23 states and the District of Columbia permit som..>> view originalInterest rates are turning dangerously negative
Pascal Le Segretain/Getty ImagesA sign warns about the risks of avalanche February 13, 2004 in the French ski resort of Val d'IsereHow does this sound? Give me your money. I’ll hold on to it for a few years and skim a little off the top. Then I’ll give you back less than you originally gave me. No thanks… right? Well, in the bizarro world of central banking, investors all over the world are doing exactly that—because of negative interest rates. What are the world’s central bankers smoking? Ther..>> view originalHow to Protect Your Tax Refund From Scammers
The Internal Revenue Service said it investigated nearly 1,500 cases of tax fraud in 2013, up 66 percent from the year before. "The scams are usually what they call phishing, where they're fishing for information. So you should not give out any ...>> view original
Sunday, March 20, 2016
Sherwin-Williams paint company to buy Valspar for $8.9 billion and other top stories.
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