3 Stories

Biggest US Funeral Company Grows Despite Fears, Protests

Services Corporation International already owns 1,800 funeral homes

(Newser) - Vladimir Belostotsky was bowled over by the bill for his mom's funeral: $9,000. Luckily a lawyer helped him cut the fee by more than half, but he's still resentful that the Maryland funeral home overcharged him. "They take advantage of people in need," he said.... More »

Cadbury Shoots Down $16.7B Kraft Takeover Bid

Watchers suspect undervalued bid could be sweetened

(Newser) - Cadbury today rejected a $16.73 billion takeover bid from food giant Kraft, the Wall Street Journal reports. The candy maker has recently undergone restructuring and divestment that it says make it more valuable—and more attractive to suitors like Kraft. The Cadbury board says the offer “fundamentally undervalues”... More »

Siemens Will Pay $1.3B in Fines for Global Corruption

Company settles on US charges for $800M, shells out more over German accusations

(Newser) - German engineering conglomerate Siemens pleaded guilty today to an international pay-to-play scheme and will pay the US $800 million in fines, the Wall Street Journal reports. It will also give $528 million to the German government—adding to a $275 million payout last year. More »

3 Stories