FRANKFURT The European Central Bank cut its inflation and growth forecasts for the euro zone on Thursday and its president said things could get worse.
WASHINGTON, Sept 3 The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown.
(Adds details, background). Sept 3 (Reuters) - Snack food company B&G Foods Inc said it will buy General Mills Inc's Green Giant frozen food and Le Sueur canned vegetable businesses for about $765 million in cash.
The deal furthers AOL's position in programmatic mobile advertising. AOL announced on Thursday that it will acquire Baltimore-based Millennial Media MM 31.82% , a mobile advertising company, for $1.75 per share or about $250 million.
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.