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Chinese Takeover Dangers, Austerity's Harsh Consequences, Petraeus' New Gig And More

Written By Unknown on Thursday, May 30, 2013 | 8:04 AM

May 30, 2013
One of China's largest food conglomerates on Wednesday announced a $4.7 billion purchase of Smithfield Foods, the biggest pork producer in the United States, prompting food-safety advocates to warn of potential dangers to American consumers' health.

The proposed deal -- the largest Chinese takeover of an American firm in history -- would put Smithfield in the hands of Shuanghui International, a company based in the central Chinese province of Henan.  Continue reading...
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