Carlsberg A/S and Heineken NV must make a formal offer for Scottish & Newcastle Plc, Britain's largest brewer, by January 21, the UK merger regulator said.
With Americans cutting the cord to their land lines, 2007 is likely to be the first calendar year in which US households spend more on cell phone services, industry and government officials say.
Loews Corp said on Monday that it planned to spin off its Lorillard Inc cigarette unit, whose brands include Newport, Kent and Maverick.
Posh Spice's shopping trip to a Marks & Spencer Group Plc store may help the United Kingdom's largest clothing retailer outperform British discount chains.
The smell of flowers is displacing the aroma of coffee as a driving force in the Ethiopian economy.
The US economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former US Federal Reserve Chairman Alan Greenspan said.
Wheat rose above $10 a bushel for the first time, leading other grains and oilseeds higher in a food price spiral that threatens to derail global economic growth.
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