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In This Issue

  • 100 Years and 3 Generations of Family Farming
  • New Mineral Deposit Found in the U.P.

Yahoo! Finance: Top Stories

Asian stocks hit three-week lows as China gloom spreads
Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese stocks erased risk appetite - sending investors flocking to safe-haven instruments such as government bonds and the Japanese yen. "Volatility is the enemy of investor appetite," said the head of index trading at a U.S. fund. Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main China indexes falling by a third in less than a month before rebounding by a quarter, only to stage its biggest one-day fall since 2007.

Teva to buy Allergan generic business for $40.5 billion, drops Mylan bid
Israel’s Teva Pharmaceutical Industries will pay $40.5 billion in cash and stock for Allergan’s generic drugs business, solidifying Teva's position as the world's No. 1 maker of generics while freeing Allergan to focus on branded drugs, paying down debt and potential "transformational" acquisitions. The deal, the largest in Israel's corporate history, allows Teva stronger economies of scale, crucial in the low-margin generic drugs business. Teva, which dropped its hostile pursuit of Mylan, will likely have to sell off some drugs to allay antitrust concerns.

Baidu profit weighed down by offline mobile services push
Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable ...

Syngenta says Monsanto's $2 billion break-up fee comes with caveat
Syngenta (SYNN.VX) has said a $2 billion break-up fee that unwanted U.S. suitor Monsanto (MON.N) has pledged to pay if its proposed $45 billion merger failed would only apply in limited cases, leaving its shareholders exposed to the bulk of regulatory risks. Swiss Syngenta, the world's largest maker of farming pesticides, told Reuters that based on its legal interpretation of Monsanto's proposal, the payment would only be triggered if so-called horizontal antitrust concerns were to trip up the deal. Monsanto has rejected this interpretation.

Greek creditors seek third wave of reforms before loan
BRUSSELS/ATHENS (Reuters) - International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday. The government of Prime Minister Alexis Tsipras has pushed two packages of measures through parliament this month as a condition for starting talks on a three-year loan worth up to 86 billion euros ($95 billion) to keep Greece in the euro zone. Technical talks, delayed for several days by logistical issues, began as former Finance Minister Yanis Varoufakis confirmed he had made secret plans to hack into citizens' tax codes to issue a parallel currency if necessary.

P&G to name David Taylor CEO: WSJ
The move by P&G, the world's largest household products maker, is pending a board meeting scheduled for Tuesday, the WSJ said, citing a person familiar with the matter. The decision coincides with a massive overhaul of the company, which is struggling with sluggish sales due to "choppy" growth in developed markets, tough competition and a strengthening U.S. dollar. The company has been streamlining its business, and earlier this month announced plans to sell off more than 40 brands to perfume maker Coty Inc (COTY.N) for $12.5 billion, as it looks to narrow its focus on fewer, faster-growing brands such as Tide and Gillette.

U.S. private sector vows to ante up on climate finance
Some of the biggest U.S. corporate names on Monday offered their support - and billions of dollars in green financing pledges - to buttress the Obama administration's quest for a global agreement on combating climate change. Google, Apple, Goldman Sachs and 10 other well-known companies joined the White House in launching the American Business Act on Climate Pledge, a campaign that the White House said would inject $140 billion in low-carbon investments into the global economy. Massive private sector commitments are seen by participants as essential to getting a global agreement on climate change in Paris in December.

Fiat Chrysler could spend billions to buy back unrepaired trucks
Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) could pay billions of dollars to buy back defective trucks as part of a settlement with U.S. safety regulators, but has the option to recover costs by reselling vehicles once they are repaired. FCA said on Monday that about 193,000 Ram trucks previously recalled for suspension and steering problems had not been repaired and were therefore eligible for the buyback deal negotiated with the National Highway Traffic Safety Administration. A company representative noted on Monday that the NHTSA agreement gives FCA the option of repairing and reselling any vehicles it repurchases from owners.

McGraw Hill Financial to buy SNL Financial for $2.23 billion
McGraw Hill Financial Inc , parent of Standard & Poor's ratings agency, said it would buy data company SNL Financial for about $2.23 billion, and its shares fell nearly 6 percent. McGraw Hill, which also ...

Chinese regulator vows share support after markets tumble 8.5 percent in a day
China said on Monday it was prepared to buy shares to stabilize the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007. The securities regulator also said market authorities would deal severely with anyone engaged in the "malicious shorting of stocks", in Beijing's latest attempt to stave off a full-blown market crash. "The lesson from China's last equity bubble is that, once sentiment has soured, policy interventions aimed at shoring up prices have only a short-lived effect," wrote Capital Economics analysts in a research note reacting to the slide.