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Move over Sunkist. News that billionaire Nelson Peltz bought a 3 percent stake in Cadbury Schweppes has popped the lid on speculation that it may sell its American soft drink business and concentrate on chocolate. Investors seem to approve.
For many illegal immigrants, the journey to the U.S. begins south of Mexico. But traffic across its Guatemalan border isn't one-way. There's a $10 billion contraband economy based on the loosely-patrolled perimeter.
Prime Minister Tony Blair wants to spend nearly $40 billion to renew his country's fleet of Trident nuclear submarines — a plan that's outraged members of the ruling Labour Party as well as activists.
The Big Three U.S. automakers, Toyota and UAW will be sitting on the same side of the table today. They're all on Capitol Hill to argue against government proposals for raising fuel efficiency standards.
Former newspaper tycoon Conrad Black goes on trial for fraud in Chicago today. He and his co-defendants are accused of siphoning about $84 million from media giant Hollinger International.