FRANKFURT - The European Central Bank revised its economic growth projections downward on Thursday, and its president, Mario Draghi, indicated that the central bank would be prepared to increase its stimulus program if necessary.
OTTAWA—Canada's trade deficit narrowed in July, beating expectations and bolstering hopes the economy is improving after a weak first half of the year.
B&G Foods said on Thursday that it had agreed to acquire the Green Giant and Le Sueur brands for frozen and canned vegetables from General Mills for $765 million in cash.
The U.S. Federal Reserve will need to raise interest rates soon if the dollar is to push much higher, according to a Reuters poll of foreign exchange strategists.
AOL, now owned by Verizon Communications Inc., VZ 1.35 % has agreed to buy mobile advertising company Millennial Media Inc. MM 29.20 % for about $250 million, a move to grow its app monetization services.