The trust controlling Hershey Foods decided not to share its sweets.(includes other international business briefs)(Brief Article)
Economist (US), The, September, 2002
Business
The trust controlling Hershey Foods decided not to share its sweets. Caving in to political pressure and public outcry centred on the company town in Pennsylvania, it abandoned plans to auction Hershey, America's biggest confectioner, for around $12 billion.
Investment Bank
The Bank of Japan stunned the markets by announcing that it planned to prop up the country's ailing banks by buying shares directly from them in a bid to stabilise the financial system. The dwindling value of Japan's stockmarket has reduced the banks' capital as they struggle to write off their vast bad debts. Observers wondered how close to disaster the banks really are.
Lukas Muhlemann agreed to step down as chairman and chief executive of Credit...
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