photo by Chris Gin
Quote for the day:
The game's isn't over until it's over.
In the news:
Mars Inc. will purchase Wm. Wrigley Jr. Co. for $23 billion. The purchase will be financed with $11 billion from Mars, $4.4 billion from Warren Buffet's Berkshire Hathaway and $5.7 billion from Goldman Sachs Group Inc. Berkshire will also buy a $2.1 billion stake in the Wrigley unit. Commodity-index funds holdings jumped 29% over the past year to a record 4.51 billion bushels of corn, wheat and soybeans through Chicago Board of Trade futures, equal to half the amount held in U.S. silos on March 1. Futures are trading at a premium to the underlying commodity. The average premium for CBOT wheat has quadrupled in two years to 40 cents a bushel, compared with 10 cents the prior five years. Sphere: Related Content
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