CF Industries buys Terra for $4.7bn

The first battle of the ‘fertilizer wars’ closed after US-based CF Industries closed a deal to buy US rival Terra for $4.7bn in cash and shares

• Fertiliser groups to mark rebound
• Terra tells Yara to counterbid

Cut in pulp supply boosts UPM

UPM-Kymmene , the Finnish paper manufacturer, jumped after the price of wood pulp, which is used to make paper, rose close to an all-time high because of a cut...

New teams challenge established order

Cosworth, the engine company, and Lotus and Virgin, the new UK-based teams that will use Cosworth engines are among the winners to emerge from the new Formula One rules

Brazil orders recall of Fiat model

Italian group fined R$3m for continuing to sell the cars after it had been warned of the alleged defect by Brazil’s national traffic department

Call for inquiry into nuclear plans

Simon Hughes, the Liberal Democrat spokesman for energy and climate change, yesterday called for an independent public inquiry into government plans to back a new...

Union at Toyota aired fears on safety

Japanese carmaker hands over to US lawmakers a 2006 letter written by Japanese employees warning that aggressive cost cuts had undermined the quality of its vehicles

Bosch locks out staff amid India unrest

The German car parts supplier shuts out 700 workers at its plant outside Bangalore as tensions soar in a long-running pay dispute

FedEx warns on US recovery

The nascent US recovery could falter because businesses are still reluctant to invest in new equipment and technology, the head of global delivery and logistics company FedEx has warned