NEW YORK / Bloomberg Sysco said that it will pay about $800 million to buy rival European food distributer Brakes Group, a deal which will help the company expand in the region. The companies valued the deal at $3.1 billion, when $2.3 billion of debt is included. Houston-based Sysco is purchasing Brakes Group from its private equity owner, Bain Capital. ...

OSLO / Relaxnews The Norway-based budget airline will start flying a nonstop Paris-New York route with introductory fares starting at $US175/€179 from July 29. Norwegian is also opening Paris-US routes connecting the French capital with Los Angeles and Fort Lauderdale. Low-cost airlines have now officially brought their price-crunching battle to long-haul routes. Already known for budget fares between several European ...

AFP Africa’s tropical forests are threatened by a palm oil bonanza that has already razed millions of old-growth hectares in Southeast Asia, Greenpeace France warned. The NGO called on European palm and rubber plantation giant Socfin, which controls vast tracts of tropical land in more than half-a-dozen African nations, to join other multinationals in adopted so-called “zero deforestation” policies. Dozens ...