Mexico said new U.S. rules for meat labeling were even more onerous than a set of regulations that the World Trade Organization (WTO) declared were unfair in June 2012, the ministry said in an emailed statement.
The Obama administration unveiled the new rule on Thursday, the final day to comply with the WTO decision that upheld complaints by Canada and Mexico. - More
Household-products giant Procter & Gamble Co., which sells Crest and Pampers, changed leaders Thursday, but it was unclear whether that would affect a joint venture with Teva Pharmaceutical Industries Ltd.
The two men leading the companies when PGT Healthcare was announced in March 2011 are both gone. - More
Target Corporation (NYSE:TGT) posted a lower-than-expected earnings performance for the first quarter of fiscal 2013. The company said that soft sales and weather related categories affected its results.
The company reported an income of $498 million or $0.77 per share for the first quarter.
During the same period last year, Target Corporation reported a profit of $697 million or $1.04 earnings per share. - More
A federal judge has again ordered Wells Fargo to pay $203 million to settle class action litigation accusing it of imposing excessive overdraft fees on checking account customers, reviving an award that had been thrown out last year.
U.S. District Judge William Alsup reinstated on Tuesday a penalty he first imposed in August 2010, saying the fourth-largest U.S. bank violated a California law that protects consumers against fraudulent misrepresentations. - More
Deere & Co. reported higher-than-expected quarterly results on Wednesday and forecast a record profit for the full year, but it said it was cautious because of weakness in the construction market.
The company, the world’s largest maker of farm equipment, slashed its forecast for sales to the construction industry, citing concerns about the outlook for U.S. economic growth and other factors. - More