Canada's Viterra to be acquired by Glencore Glencore International PLC, a large commodity supplier based in Switzerland, agreed to buy Viterra Inc., Canada's largest grain handling firm, for $6.15 billion. Glencore agreed to the deal with Agrium Inc. and Richardson International Ltd., who will buy most of Viterra's Canadian assets for $2.6 billion. Glencore's director of agricultural products, Chris Mahoney, said he plans to use the deal as a platform to extend Glencore's grain operations in the United States. The Wall Street Journal had reported that Cargill Inc. of Minnetonka was among the companies that had expressed interest in buying Viterra.
Tests show new iPad runs hotter than iPad 2 The new iPad gets warm, Consumer Reports says -- very warm. The hot-selling device -- 3 million in its first weekend -- can reach up to 116 degrees during intensive use, according to a test by the consumer magazine. The test appears to confirm consumer complaints that the new iPad runs hotter than its two predecessors. The group ran a graphics-intensive video game for 45 straight minutes, and found that the device got hottest on its back panel, in one corner, likely near the computer processor. Apple spokeswoman Trudy Muller said the new iPad operates "well within our thermal specifications."
HP to fold printer business into its PC unit Hewlett-Packard will combine its personal-computer unit with the division that sells printers in an effort to cut costs and simplify management, according to media reports. Todd Bradley, who runs the PC division, will become head of the new unit, while Vyomesh Joshi, who runs the business focused on imaging and printing, plans to depart, the Wall Streert Journal's AllThingsDigital blog and Bloomberg News reported, citing anonymous sources.
New York Times tightens metered pay wall One year after the New York Times Co. introduced a pay wall on the website of its flagship newspaper, the company said it would reduce the number of free articles per month for nonsubscribers to 10 instead of 20. The new policy will take effect in April. The digital subscription service has been a bright spot for the Times, which has tried to make up for declines in print advertising revenue. The company said NYTimes.com and the website for the International Herald Tribune have a combined 454,000 paid subscribers.
Nissan to dust off Datsun name, but not in U.S. Nissan Motor Co. is bringing back the Datsun brand, but American drivers are unlikely to see any new vehicles adorned with the storied name. Nissan is positioning Datsun as a lower-cost brand in emerging markets. The new line will go on sale in India, Indonesia and Russia in 2014. The Datsun brand dates to 1931 as the nameplate of Japan's DAT Motorcar Co., which was purchased by Nissan in 1933. The marque grew to international prominence by featuring well-engineered, sporty cars such as the 240Z.
FROM NEWS SERVICES
