Coke to sell ‘natural’ mid-calorie cola in Argentina
(Reuters) – Coca-Cola Co announced plans on Wednesday to introduce a cola that is sweetened with sugar and the naturally occurring, no-calorie sweetener stevia, the latest move in the high-stakes race to turn around the soda industry.
Ally’s $2.1 billion payment to ResCap gets court’s OK
NEW YORK (Reuters) – A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc , formerly the finance arm of General Motors Co., will pay $2.1 billion to its bankrupt unit Residential Capital LLC .
Fed communication went through ‘rocky’ patch: official
WASHINGTON (Reuters) – Federal Reserve communications have been through a “rocky” patch but financial markets are now more in sync with the central bank’s message, a senior Fed official said on Wednesday, shrugging off a week of violent volatility.
Verizon eyes Canadian wireless start-ups
TORONTO (Reuters) – Verizon Communications Inc has offered to buy Canadian telecom startup Wind Mobile and is in talks to acquire Mobilicity, as it seeks to challenge Canada’s three big wireless providers, sources familiar with the deals said on Wednes…
Ex-Duane Reade execs lose bid to reverse fraud convictions
NEW YORK (Reuters) – Two former executives at Duane Reade Inc on Wednesday lost a bid to have a U.S. appeals court reverse their 2010 securities fraud convictions for inflating earnings at the New York drugstore chain.
GM to invest $691 million in Mexican operations
MEXICO CITY (Reuters) – General Motors Co outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant.
U.S. Tax Court rules it can hear IRS, Eaton Corp tax dispute
WASHINGTON (Reuters) – The U.S. Tax Court said on Wednesday it has jurisdiction to hear a $126.5 million tax dispute between the Internal Revenue Service and Eaton Corp , and that a trial may be scheduled soon.
Ford chairman nearly doubles stake in supervoting shares: filing
DETROIT (Reuters) – Bill Ford Jr, executive chairman of Ford Motor Co and great-grandson of the company’s founder, nearly doubled his holdings in a special class of supervoting shares that gives the Ford family more sway over the automaker’s direction….
Crestview looks to sell Munder for up to $400 million: sources
NEW YORK (Reuters) – Crestview Partners is looking to sell Birmingham, Michigan-based Munder Capital Management in a deal that could be valued at up to $400 million, according to three sources familiar with the situation.
Marc Rich, ‘King of Oil’ pardoned by Clinton, dies at 78
LUCERNE, Switzerland (Reuters) – Billionaire Marc Rich, who invented modern oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died on Wednesday in Switzerland aged 78.
