The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about $4.72 billion in cash. The deal also includes an exchange of debt.
The purchase values Smithfield Foods at $7.1 billion — a figure that would make the purchase "the largest Chinese takeover of a U.S. company," according to Bloomberg News.
As you know, we at Monkey See enjoy creepy wax figurines maybe more than anything in the world, and now, Wax George Clooney (whose adventures we have chronicled in the past) has been joined at a photo shoot in London by Wax Will Smith, as well as Wax Emma Watson. You know, just to hang out. To talk about movies. To talk about being made of wax.
Dawn Heisey-Grove of Alexandria, Va., hands off son Zane to father Jonathan Heisey-Grove after a midday feeding. The couple were both working full time when Jonathan lost his job as a graphic designer two years ago. She's a public health analyst. He's now a stay-at-home dad.
"A record 40 percent of all households with children under the age of 18 include mothers who are either the sole or primary source of income for the family," the Pew Research Center reported Wednesday as it released data that certainly won't surprise many Americans but will underscore some dramatic shifts over recent decades.
Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics.
Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term. The Associated Press quotes a source familiar with the situation as saying Jason Furman, who served in President Obama's 2008 campaign, will be tapped as a replacement.
He can't see, and he's not very big — but as dogs go, Xander the pug is having a big impact on his community in Klamath Falls, Oregon. The blind pup has even made the front page of the local paper, for bringing empathy and happiness to people for whom such things are in short supply.
In the first Planned Parenthood defunding case to reach the U.S. Supreme Court, the justices have refused to disturb a lower court decision that barred Indiana from stripping Medicaid payments to the organization.