Foodmakers Told to Curb Ads for Kids
The European Union demanded that makers of sugary and fatty foods restrict marketing aimed at children or face advertising bans. E.U. Health Commissioner Markos Kyprianou wants European companies that make high-calorie foods with low nutritional value, including Unilever and Cadbury Schweppes, to follow the lead of Kraft Foods, the U.S. company that said it would stop advertising some products to children.
Macquarie Readies Bid for London Exchange
Macquarie Bank said it is seeking talks with the London Stock Exchange board about buying Europe's biggest exchange and could bid $2.58 billion cash for it.
Britain's takeover regulator last month set a deadline of Dec. 15 for Macquarie to make an offer for the exchange. Other companies expressing interest in buying the exchange include Euronext, the owner of the Paris and Amsterdam stock exchanges, and Deutsche Boerse.
More Pirated Media Seized This Year
A Russian government official said seizures of pirated CDs, DVDs and other intellectual property increased significantly this year.
Andrei Sharonov, deputy minister for economic development and trade, said more than 11 million illegally produced discs were seized and that the number of criminal investigations nearly doubled this year. The value of pirated videos, counterfeit software and other intellectual property seized reached nearly $13.8 million, he said.
Compiled from staff and news service reports.