UPDATE 1-Brazil set to hike rates as inflation risks rise on weak real BRASILIA, July 29- Brazil's central bank was poised to maintain its aggressive pace of interest rate hikes on Wednesday after a steep cut in fiscal savings targets weakened the real currency and stirred doubts about the government's commitment to help contain price increases. The Brazilian real has slid nearly 4 percent against the U.S. dollar to its weakest...
| By: Alonso Soto
EXCLUSIVE-TreeHouse, Post join ConAgra's private label auction -sources July 28- ConAgra Foods Inc has started talks with TreeHouse Foods Inc and Post Holdings Inc regarding the sale of its private label unit Ralcorp, which could be valued at around $3.5 billion, according to people familiar with the matter. TreeHouse, Post, and private equity firms that include Apollo Global Management LLC and Cerberus Capital Management LP have...
| By: Lauren Hirsch and Greg Roumeliotis
Twitter turns negative Twitter's CFO Anthony Noto is speaking on Twitter's earnings conference call, saying growing users and advertiser demand will take time. Bob Peck, SunTrust Robinson Humphrey, has the details.
UPDATE 1-Western Union's Paymap to pay $38.4 mln over mortgage ads July 28- Paymap Inc, a unit of Western Union Co, agreed to pay $38.4 million to settle U.S. regulatory charges that it deceived consumers into signing up for a program advertised as a way to help them pay off their mortgages faster and save on interest payments. The U.S. Consumer Financial Protection Bureau on Tuesday said Paymap, a payment processor, will pay a $5...
| By: Jonathan Stempel
Why US may not help Puerto Rico Here's why Congress is unlikely to get involved in Puerto Rico's debt problems, says Stephen Myrow.
| By: Stephen A. Myrow, managing partner at Beacon Policy Advisors
UPDATE 1-McGraw Hill to buy SNL Financial for $2.23 bln July 27- McGraw Hill Financial Inc, the parent of the Standard& Poor's ratings agency, said it would buy financial data and information company SNL Financial LC for about $2.23 billion. The deal will strengthen McGraw Hill's data unit, S&P Capital IQ, particularly in providing information on banking and insurance, the company said on Monday.