U.S. Markets open in 3 hrs 31 mins

News Summary: China's top butcher courts US

The Associated Press

PUSHING A TAKEOVER: At an age when most Chinese executives are long retired, the country's top hog butcher is taking on a daunting new job persuading Americans to allow him to complete China's biggest takeover of a U.S. company.

SALES JOB: Shuanghui International's 72-year-old Chairman Wan Long has launched a charm offensive to reassure Americans they have nothing to fear and possibly much to gain from his company's deal to buy Smithfield Foods Inc.

DIFFERENT STRATEGY: Wan's strategy of talking to reporters and inviting them to visit Shuanghui's packing plants is an unusual approach in China, where companies are secretive and corporate bosses rarely speak in public.