U.S. FIRMS FEEL LESS WELCOME IN CHINA
Growing numbers of U.S. businesses say they feel unwelcome in
China amid a crackdown on monopoly pricing and corruption that they
say unfairly targets foreign companies.
MCDONALD'S OVERHAULS FOOD-SAFETY STRATEGY IN CHINA
McDonald's is overhauling its food-safety strategy in China
after problems with a supplier hit the fast-food chain's image and
eroded sales in the country.
ERIC CANTOR TO JOIN WALL STREET INVESTMENT BANK
Eric Cantor plans to join boutique investment bank Moelis &
Co., as the recently defeated House majority leader embarks on a
new career on Wall Street.
COMPUWARE NEARS DEAL TO SELL ITSELF
Compuware is nearing a deal to sell itself, according to people
familiar with the matter. The Detroit-based software developer is
in advanced talks with a private-equity buyer, one of the people
said.
SANDVIK SELLS DISTRIBUTION BUSINESS IN AUSTRALIA, NEW
ZEALAND
Sandvik's Materials Technology unit has sold its distribution
business in Australia and New Zealand to steel distributor Vulcan
Steel for an undisclosed price, it said Tuesday.
OSI'S CASE SHOWS PERILS FOR BUSINESS IN CHINA
OSI has become a lesson in the perils faced by foreign companies
in China, when their operations are under unprecedented scrutiny by
regulators and state media and negative publicity can destroy a
business almost overnight.