Diageo to launch new bourbons, doesn’t need Beam Inc
LONDON (Reuters) – Alcoholic drinks maker Diageo PLC does not need to buy rival Beam Inc , its chief executive officer said on Tuesday, since it is expanding its existing whiskeys and launching new ones.
Analysis: Some funds lift cash levels as U.S. stocks’ reversal feared
NEW YORK (Reuters) – As recently as six months ago, Sandy Villere was pushing more of his $1.1 billion fund into U.S. stocks – a good call given the 26 percent gain in the S&P 500 so far this year. But as he looks ahead to 2014, he’s starting to question whether it could be downhill from here.
As big automakers go electric, Mazda squeezes more from gasoline engines
HIROSHIMA, Japan (Reuters) – Japan’s Mazda Motor Corp has only a tenth of Toyota Motor Corp’s research and development budget, but is betting it can make the century-old internal combustion engine as fuel efficient as hybrids like its rival’s pioneerin…
U.S. court questions ex-GE bankers’ bid-rigging convictions
NEW YORK (Reuters) – A U.S. appeals court on Tuesday questioned the convictions of three former banking executives at a unit of General Electric Co for being involved in a conspiracy to rig bids for contracts to invest municipal bond proceeds.
Spain launches sale of nationalized lender NCG Banco
MADRID (Reuters) – Spain’s bank restructuring fund said on Tuesday it had formally launched the sale of nationalized lender NCG Banco, one of three banks still controlled by the state following a European bailout of the country’s financial system last …
In retrial, Apple and Samsung make final pitches to jury
SAN JOSE, California (Reuters) – Apple Inc tried to persuade U.S. jurors to keep intact a historic verdict it won against Samsung Electronics Co Ltd last year, while the Korean company argued that Apple has overstated its injuries from patent violation…
Venezuela fines General Motors over spare parts’ prices
CARACAS (Reuters) – Venezuela’s socialist government said on Tuesday it was fining the local subsidiary of General Motors nearly $85,000 for allegedly selling spare parts at exorbitant prices.
CME Group digs in on fee increases as brokers protest
CHICAGO (Reuters) – CME Group Inc , the world’s largest futures exchange operator, on Tuesday said it will plow ahead with plans to hike fees for traders despite an outcry from customers fuming over higher costs.
Monte Paschi’s top shareholder would not welcome January capital hike
SIENA, Italy (Reuters) – The banking foundation that is the biggest shareholder of Italy’s loss-making bank Monte dei Paschi di Siena said on Tuesday carrying out a planned capital increase in January would not be a welcome move.
Raytheon says in final talks on Qatar Patriot deal
DUBAI (Reuters) – U.S. arms maker Raytheon Co said on Tuesday it hoped to finalize the sale of its Patriot air and missile defense system to Qatar “fairly quickly,” and wrap up the sale of additional Patriot fire units to Kuwait before the end of the y…
