A government agency in Canada, the world’s second-largest wheat exporter, may use satellite images to estimate production for a harvest-season report rather than surveying thousands of farmers by telephone.
Honda Motor Co., the first Japanese automaker to build cars in the U.S., is consolidating corporate operations for North America in Ohio and setting up a regional support services unit there to boost efficiency.
Office Depot Inc. agreed to buy OfficeMax Inc. for $1.17 billion in a bid to revive a retailer that’s been losing sales to online rivals and Staples Inc., the largest U.S. office-supplies chain. The shares of both companies fell, with Office Depot dropping the most since April 2010.
Darden Restaurants Inc. agreed to sell the Red Lobster seafood-restaurant chain to Golden Gate Capital for $2.1 billion, giving it an injection of cash and time to focus on reviving growth in its Olive Garden business.