Mexico suspends purchases from 30 U.S. meat plants

CHICAGO (Reuters) – Mexico suspended purchases from 30 U.S. meat plants due to sanitary issues, which sent U.S. cattle and hog prices sharply lower on Friday and prompted speculation the ban was retaliation against a U.S. labeling law.

King must sell Kadian assets to buy Alpharma (AP)

AP – King Pharmaceuticals Inc. said Friday it will be allowed to buy Alpharma Inc. provided it sells some assets related to Alpharma’s painkiller Kadian.

Some doubt GMAC move will help car buyers (AP)

AP – Several analysts expressed skepticism Friday that the Federal Reserve’s decision allowing GMAC Financial Services to become a bank holding company would spur many more people to buy cars.

Canadian soldier killed by blast in Afghanistan

OTTAWA (Reuters) – A Canadian soldier was killed and three others injured in southern Afghanistan on Friday when a bomb blast hit the armored vehicle they were riding in, the military said.

Mutual funds show heavy losses for 2008 (AP)

AP – There was one safe bet that mutual fund investors could make in 2008 — that the stock market was a place to lose a lot of money.

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Tribune seeks approval for union pension payments

Dec 26 (Reuters) – U.S. media group Tribune Co is asking a
judge for permission to pay unpaid pre-bankruptcy contributions
owed to its union pension plans.

Chile says Chaiten volcano still poses danger

SANTIAGO (Reuters) – Chile’s government said on Friday the area surrounding the Chaiten Volcano, which erupted in May for the first time in thousands of years, was still not safe and that a decision regarding the future of the town of Chaiten would be made in coming days.