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- ALAN FARNHAM | ABC News – 15 minutes ago
What does the merger of two giant banana producers--Chiquita Brands in the U.S. and Ireland's Fyffes Plc--mean for U.S. consumers and the prices that they pay for fruit?
With $4.6 billion in sales, the combined company, ChiquitaFyffes, Plc, will be by far the world's biggest banana producer and a major player in melons, pineapples and packaged salads.
David Holohan, head of research for Merrion Stockbrokers in Dublin, calls the Chiquita-Fyffes combo a good deal for both companies. "It's a consolidating market, fragmented between four players," he says of bananas.
Before the merger, Chiquita already had the biggest market share of the banana market, he says, with 125 million cases sold globally, followed by Del Monte (117 million) and Dole (110 million). Fyffes had been a distant 4th with 55 million. In the U.S., says Holohan, Chiquita ranks #1 in super market sales of bananas and #2 in the sales overall.
Referring to ChiquitaFyffes, Holohan tellsRead More »from How the Chiquita Merger Will Change America's Fruited Plains
- SHUSHANNAH WALSHE | ABC News – 15 minutes ago
The aide to Gov. Chris Christie at the center of a massive scandal now threatening Christie’s political future stepped out of the shadows today as her attorney fought to keep her emails and phone records out of reach of the committee investigating last September’s controversial closures of access lanes to the George Washington Bridge.
Bridget Anne Kelly, who was Christie’s deputy chief of staff, sat quietly in a Trenton courtroom and her attorney, Michael Critchley, seemed to suggest the former aide wanted immunity so she could testify about what happened at the bridge and whether it was a move to punish a local politician who wouldn’t back Christie.
During the lengthy hearing, Superior Court Judge Mary Jacobsen said to Critchley, “You act as if they could very easily afford immunity and that would take care of everything.”
Critchley snapped his fingers and said, “Like that, like that.” He added, “They don’t want to give us immunity, not that they can’t."
Critchley suggested thatRead More »from Fired Chris Christie Aide Suggests Immunity Would Release Her Emails
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