Scott Price News
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Mayhem erupted around Boston early today as police pursued suspects thought to be armed with automatic weapons and explosives, heightening tensions in a city reeling from this week’s terrorist bombings.
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Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital agreed to buy HJ Heinz Co. for about $23 billion as the billionaires increased their bets on consumer products. Munger, Tolles & Olson LLP represented Berkshire Hathaway. Kirkland & Ellis LLP represented 3G Capital, and Davis Polk & Wardwell LLP provided legal counsel to the ketchup maker.
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Wal-Mart Stores Inc. , the world’s largest retailer, is resuming normal operations at half the stores hampered by Japan’s strongest earthquake as residents struggle to find water, food and other necessities.
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Wal-Mart Stores Inc., the world’s largest retailer, is in talks with partner Bharti Enterprises Pvt. about opening retail outlets in India after the government eased rules for foreign ownership in multibrand store chains.
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It’s the retail revolution that wasn’t.
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Wal-Mart Stores Inc., the world’s largest retailer, is “optimistic” India will allow foreign direct investment in the country’s retail industry.
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Indian Prime Minister Manmohan Singh’s biggest opening to foreign companies since taking office in 2004 boosts odds of an expansionary budget in February to defuse populist opposition to the moves.
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Martin Sorrell, founder of the world’s biggest advertising firm, said online promotions are set to boom in India, spurred by investments in retail by billionaires Mukesh Ambani and Sunil Mittal.
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Transport Corp. of India, the nation’s third-largest logistics company, plans its biggest investment in five years to prepare for a jump in freight demand as retailers such as Wal-Mart Stores Inc. open stores.
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India’s opening up of foreign investment in retail may see Wal-Mart Stores Inc. be the first to tap the $505 billion market as Carrefour SA and Tesco Plc focus on battling falling profits and consumer spending.
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