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.
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.
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.
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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