Hamish Maxwell, who steered Philip Morris Cos. in its 1985 purchase of General Foods Corp. and 1988 takeover of Kraft Inc., milestones in transforming the tobacco company into a consumer products conglomerate, has died. He was 87.
Divers retrieved the first bodies from a cabin of the South Korea ferryboat that sank and killed at least 36 people last week as prosecutors revealed that a third-ranked officer was at the vessel’s helm attempting to navigate heavy currents when the tragedy occurred.
The captain of a South Korean ferry that sank this week was arrested on five charges including negligence of duty and accidental homicide, as the search for hundreds of missing people yielded no survivors.
Pro-Russian protesters in eastern Ukraine refused to give up buildings and lay down their arms as a four-nation deal negotiated in Geneva demanded, while the government in Kiev pledged to abide by the terms of the accord.
The U.S. and its European allies demanded Russia help calm the Ukraine crisis or face new sanctions after four-nation talks produced an accord aimed at lowering tensions in their worst standoff since the Cold War.