Dairy Saputo eyes acquisitions in U.S., Canada, Australia
(Reuters) - Canada's largest dairy producer, Saputo Inc (SAP.TO), which is still digesting a major purchase in Australia, is eyeing other acquisitions there as well as in the United States, Canada and Latin America, Chief Executive Officer Lino Saputo Jr said on Thursday.
In the United States, potential acquisitions could cost less than C$100 million to as much as C$4 billion ($3.7 billion), Saputo said in a conference call to discuss the company's quarterly results.
(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by David Gregorio; and Peter Galloway)
NEW YORK - U.S. stocks opened with modest gains on Friday, putting major indexes on track for their fourth straight week of gains, though trading was light going into the Labor Day holiday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.