Latest Business News: Shuanghui's $4 Billion Loan Raises $5 Billion so Far

Wochit 0:50 mins

The $4 billion loan backing Chinese pork producer Shuanghui International's $4.7 billion bid for U.S. meat processor Smithfield Foods, has raised $5 billion from banks so far and could rise to $9 billion, banking sources said. Billionaire investor Carl Icahn is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell's founder to buy it and take it private. While other flagship models like the iPhone, Galaxy S4 and HTC One are made available across multiple carriers, Nokia is taking a different approach in the U.S. market.

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