U.S.
  • In this Wednesday, Oct. 17, 2012 file photo, a sign advertising a sale is seen posted on a storefront in Philadelphia. Americans cut back on spending in October and saw no growth in their income, reflecting disruptions from Superstorm Sandy. On Friday, Nov. 30, 2012, the Commerce Department said consumer spending dropped 0.2 percent in October. That's down from an increase of 0.8 percent in September and the weakest showing since May. Income was flat in the month following a 0.4 percent rise in September.

    Americans cut back on spending last month while income remained flat reflecting disruptions from Superstorm Sandy.

    LAST UPDATE : Dec 13, 2012, 8:30 PM EST
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  • ConAgra Foods is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America. ConAgra Foods Inc. said Tuesday, Nov. 27, 2012, that the deal is expected to close by March 31, 2013 and needs Ralcorp shareholder approval.

    ConAgra Foods is set to become the country's biggest maker of private-label foods, with its $5 billion purchase of Ralcorp.

    LAST UPDATE : Dec 13, 2012, 2:30 PM EST
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