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Consumer sentiment fell to its lowest level in five months in early March as gasoline prices rose, a survey released on Friday showed.
Even so, buying plans were largely unchanged and although the rate of real consumer spending will diminish, the report does not indicate a renewed downturn on the horizon, the latest consumer survey from Thomson Reuters and the University of Michigan said. Get the full story »
Kenya granted Anglo-Dutch consumer goods group Unilever approval to buy Sara Lee’s subsidiary in the east African nation, a government notice showed on Friday. Get the full story »
The death of a toddler who strangled in a window shade cord spurred a huge recall Wednesday, even as the industry crafts a better standard to make window coverings in American homes safer for children.
The Consumer Product Safety Commission says Hanover Direct Inc., of Weehawken, N.J., has agreed to recall about 495,000 roman shades and some 28,500 blinds. Hanover is the parent company for Domestications, The Company Store, and Company Kids.
Toshiba America Information Systems and the U.S. Consumer Product Safety Commission announced a voluntary worldwide recall Thursday of41,000 T-series notebook computers, saying that they “can overheat at the notebook’s plug-in to the AC adapter, posing a burn hazard to consumers.”
Pactiv's new owner, Rank Group, sells products like Reynolds Wrap foil. (Bill Hogan/Chicago Tribune)
Pactiv Corp., the Lake Forest maker of Hefty trash bags, announced an agreement Tuesday to be acquired by New Zealand’s Rank Group Ltd. in a transaction valued at about $6 billion.
Privately-held Rank Group will pay $33.25 in cash for each Pactiv share, or about $4.6 billion. The sale price represents a premium of about 39 percent over Pactiv’s closing price of $23.97 on May 14, the day prior to published reports regarding a potential transaction.
Rank Group also will assume Pactiv’s $1.5 billion debt. Pactiv said the deal is targeted to close by the end of the year. Get the full story »
