Business and Finance
JAPAN INTERVENED Friday to stem the yen's surge against the dollar. The U.S. currency had plunged to a three-year low when traders bid up the yen on news of Japan's strong GDP growth. After Tokyo's action, the dollar touched 110 yen but later receded slightly. Yesterday in New York, the greenback fell as low as 107.55 yen. The U.S. shows no signs it is ready to intervene itself.</br></br>---</br></br>Illinois Tool Works said it agreed to acquire consumer-products maker Premark for $3.4 billion, creating a broad-based manufacturing giant.</br></br>---</br></br>Torfinex, a wire-transfer company linked to the Bank of New York money-laundering probe, appears to have operated illegally in the U.S., funneling millions of dollars out of Russia, law-enforcement officials said.