FAO Schwarz toy store in Manhattan is sold

KING OF PRUSSIA, Pa. -- FAO Inc. will sell its flagship Manhattan toy store, FAO Schwarz, along with some other assets for $20 million, the bankrupt company announced Friday. The deal with VGACS Acquisition Inc., a subsidiary of D.E. Shaw Laminar Portfolios LLC, also includes a store in the Forum Shops in Las Vegas, as well as FAO Schwarz's signature clock towers and its Internet and catalog businesses.

Tyson Foods stock falls to mad cow disease

LITTLE ROCK, Ark. -- Tyson Foods Inc. again tried to try to distance itself Friday from the mad cow case in Washington state, but investors continued to distance themselves from the world's largest supplier of beef, chicken and pork. The company's stock fell another 2.4 percent Friday as Morgan Stanley cut its investment rating and profit forecast for Tyson.

Auditor for Parmalat claims no role in fraud

ROME -- Parmalat's auditor insisted it had no role in any illegal schemes to hide the multibillion-dollar hole in the food company's balance sheet, which came to light last week and led the conglomerate to ask for bankruptcy protection. Italian reports say around $12 billion could be missing from Parmalat accounts.

-- From wire reports