December 5, 2000
Quaker finally finds buyer, agrees to PepsiCo sale
The monthlong bidding war for Quaker Oats Co. has ended with PepsiCo Inc. clinching a deal to buy the food and beverage company in a stock deal valued at $13.8-billion.
Utility picks Progress as name, image
Ending months of speculation, Carolina Power and Florida Progress are now Progress Energy.
Business Digest
FROST FEAR BOOSTS JUICE PRICES: Orange juice futures soared 9 percent, the biggest one-day gain in more than a year, as forecasts for frigid U.S. weather raised concern that Florida's crop, the nation's biggest, might be damaged by frost. Any freeze would come at a time when some growers say dry weather already has left fruit smaller than normal, which could reduce juice yields during the harvest. Frozen concentrated orange juice for January delivery rose 7.1 cents to 86.3 cents a pound on the New York Cotton Exchange.
