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B&G Foods to buy General Mills' Green Giant business for $765 million
September 03, 2015 MONEY (MSM)

B&G Foods to buy General Mills' Green Giant business for $765 million

B&G, which will enter the frozen food business with the deal, expects the acquisition to immediately add to earnings, it said in a statement on Thursday. Green Giant, whose mascot is the Jolly Green Giant, makes more than 160 products. General Mills said in July that it recorded a $260 million charge in the fourth quarter to write down the value of Green Giant after an assessment showed the business’s

U.S. trade deficit smallest in five months
September 03, 2015 MONEY (MSM)

U.S. trade deficit smallest in five months

The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown. The Commerce Department said on Thursday the trade gap narrowed 7.4 percent to $41.9 billion, the smallest since February. June’s trade deficit was revised to $45.2 billion from the previously reported $43.8 billion.