In business news, one of China’s largest state-owned oil companies is trying to buy the U.S. oil firm Unocal in what analysts say is the first major takeover bid by the Chinese of a U.S. corporation. Two months ago Unocal agreed to bought by Chevron for just under sixteen and a half billion dollars. But now the China National Offshore Oil Corporation is offering eighteen and a half billion dollars. Earlier this week another Chinese company moved to purchase the U.S. appliance company Maytag.