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• Clear Channel Parties Have Deal in Principle

  NEW YORK (Reuters UK) - The parties in the dispute over financing the $20 billion (10.3 billion pound) Clear Channel Communications (CCU) buyout reached an agreement in principle on Tuesday on settling the case and striking a new deal at a lower price, a source...

  Tue May 13, 2008 @ 1:30 PM PDT

  Tags: Bank, Bain, Financing, Agreement, Clear Channel Communications Inc., Chase General Corp., Citigroup Inc., Morgan Stanley, Wachovia Corp.

• Report: McDonald's Specialty Coffee Sales 'Tepid'

  In January, Chris Dannen predicted on Fast Company magazine's blog that McDonald's would me "maimed" by its attempt to take on Starbucks by offering a new line of specialty coffees. The new drinks will have "little more than the potential to alienate customers, confuse its menu and open up a...

  Tue May 13, 2008 @ 10:59 AM PDT

  Tags: Beverage, McDonald's Corp., Food & Beverage, Sales Strategy, Manufacturing, Sales, Dan Mitchell

• Enodis Says Adjusted Pretax Profit Up 6 Percent

  LONDON (Reuters UK) - Food equipment maker Enodis (ENO), which has agreed Illinois Tool Works's (ITW) 1.03 billion pounds bid, posted a 6 percent rise in first-half underlying profit on Tuesday. Enodis, which makes fryers and grills for fast-food restaurants such as McDonald's (MCD), said...

  Tue May 13, 2008 @ 3:16 AM PDT

  Tags: Pound, Enodis, Food & Beverage, Performance Management, Manufacturing, Human Resources, Illinois Tool Works Inc., McDonald's Corp.

• SocGen Net Profit Falls 23 Pct, Beats Consensus

  By Sudip Kar-Gupta PARIS (Reuters) - Societe Generale (SOGN), the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast. Net profit fell to...

  Tue May 13, 2008 @ 2:30 AM PDT

  Tags: Bank, Net Profit, Euro, SocGen Net Profit, Financial Services, Chase General Corp.

• Coca-Cola Seeks More Acquisitions to Grow Business

  TOKYO (Reuters) - Coca-Cola Co (KO), the world's biggest drinks maker, is seeking more acquisition opportunities in the fast-growing soft drinks market to expand its revenue sources, the company's CEO-in-waiting said on Tuesday. Sales of established soft drinks are declining in the ...

  Tue May 13, 2008 @ 12:45 AM PDT

  Tags: Acquisition, Coca-Cola Co., Beverage, Coke, Food & Beverage, Sales Strategy, Sales, PepsiCo

• Clear Channel in Settlement Talks, Trial Delayed

  By Megan Davies and Leslie Gevirtz NEW YORK (Reuters) - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc (CCU), the company said in a statement on Monday. A trial...

  Mon May 12, 2008 @ 2:45 PM PDT

  Tags: Bank, Bain, Texas, Financing, Clear Channel Communications Inc., Blackstone Group LP, Chase General Corp., Citigroup Inc., Goldman Sachs & Co., Morgan Stanley, New York, Wachovia Corp.

• Morgan Stanley Raises Billions For Infrastructure

  By Aarthi Sivaraman and Mathieu Robbins NEW YORK/LONDON (Reuters) - Morgan Stanley (MS) and a fund set up by General Electric (GE) and Credit Suisse (CSGN) said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. Morgan...

  Mon May 12, 2008 @ 6:15 AM PDT

  Tags: Investment, Financial services, Morgan Stanley, real estate, Japan, Hong Kong, equity, Asia, India, China, property management, REIT, housing market, allocation, private equity, U.S., Thomson Reuters Corp., bank, asset, board

• JVC, Kenwood to Form Holding Company: Sources

  TOKYO (Reuters) - Japanese mid-sized electronics makers JVC and Kenwood Corp have agreed to integrate their businesses under a holding company in October, sources close to the matter said on Saturday. Kenwood and asset manager Sparx Group acquired a ...

  Fri May 9, 2008 @ 7:30 PM PDT

  Tags: Engineering, Kenwood, JVC, Tokyo, electronics company, electronics, chairman, president, Thomson Reuters Corp., alliance, asset, merger

• Diageo to Build New Irish Guinness Brewery

  By David Jones LONDON (Reuters UK) - Diageo (DGE) will spend 520 million pounds on a new brewery on the edge of Dublin, but Guinness fans in Britain and Ireland will still get their dark beer from the historic brewery in the heart of the Irish...

  Fri May 9, 2008 @ 3:30 AM PDT

  Tags: Diageo Plc., Brewery, St James, Gate, Workforce Management, Recruitment & Selection, Financial Accounting, Human Resources

• Flomerics Surges After Rejects Mentor Cash Bid

  LONDON (Reuters UK) - Shares in engineering software firm Flomerics Group (FLO) surged on Friday after rejecting a buyout offer from larger U.S. rival Mentor Graphics, saying it would explore interest from several other parties. Flomerics is up 15 percent to 102 pence a share at...

  Fri May 9, 2008 @ 2:01 AM PDT

  Tags: Mentor Graphics Corp., Flomerics Group, Tools & Techniques, Strategy, Management, Flowers Foods Inc., IBM Corp., Oukbs

• Flomerics Surges After Rejects Mentor Cash Bid

  LONDON (Reuters) - Shares in British engineering software firm Flomerics Group (FLO) surged on Friday after rejecting a buyout offer from larger U.S. rival Mentor Graphics, saying it would explore interest from several other parties. Flomerics is up 15 percent to 102 pence...

  Fri May 9, 2008 @ 2:00 AM PDT

  Tags: Mentor Graphics Corp., London, software company, Thomson Reuters Corp., IBM Corp., electronics, stock, industry

• Diageo to Build New Guinness Brewery in Ireland

  LONDON (Reuters UK) - Diageo (DGE) plans to spend 520 million pounds in Ireland on a new brewery, renovate its central Dublin Guinness brewery and close two smaller sites at Kilkenny and Dundalk. The London-based group said on Friday it will build the new brewery...

  Fri May 9, 2008 @ 1:45 AM PDT

  Tags: Ireland, Diageo Plc., Brewery, Oukbs

• Dr Pepper Snapple Shares Get Tepid Reception

  By Martinne Geller NEW YORK (Reuters) - Dr Pepper Snapple Group Inc (DPS) shares began trading in New York on Wednesday at a lower-than-expected $25, showing that U.S. investors are hesitant to invest in the country's third-largest soft drink maker. But...

  Wed May 7, 2008 @ 1:30 PM PDT

  Tags: Food & Beverage, beverage, PepsiCo, New York Stock Exchange, New York, brand, health care, stock, U.S., analyst, sales, Thomson Reuters Corp.

• Dr Pepper Snapple Shares Get Tepid Reception

  By Martinne Geller NEW YORK (Reuters UK) - Dr Pepper Snapple Group (DPS) shares began trading in New York on Wednesday at a lower-than-expected $25, showing that U.S. investors are hesitant to invest in the country's third-largest soft drink maker. But the shares of Dr Pepper...

  Wed May 7, 2008 @ 1:16 PM PDT

  Tags: Beverage, Food & Beverage, Manufacturing, Coca-Cola Co., Dr Pepper Snapple, Oukbs, PepsiCo, US

• Carlsberg First-quarter Results Lag Forecasts

  By Kim McLaughlin COPENHAGEN (Reuters UK) - Carlsberg (CARLb) posted first-quarter earnings below expectations on Wednesday, sending its shares lower, but the Danish brewer said it had gained some key market share. The world's fifth-biggest brewer reported earnings before interest and taxes (EBIT) of 388...

  Wed May 7, 2008 @ 5:05 AM PDT

  Tags: Crown, Brewer, Carlsberg, Carlsberg Share, Sales Strategy, Financial Accounting, Anheuser-Busch, Copenhagen

• Sara Lee Able to Pass on Rising Costs

  Like all food producers, Sara Lee is dealing with soaring costs of basic commodities. Unlike many, however, it has been able to pass those costs on to consumers. The trouble is, most of its other costs are rising, too. Forbes.com lists them in the first paragraph of...

  Tue May 6, 2008 @ 6:06 PM PDT

  Tags: Sara Lee Corp., Food & Beverage, Manufacturing, Dan Mitchell

• Big Hurdles Remain in ConocoPhillips-Tyson Biodiesel Venture

  Tyson Foods and ConocoPhillips continue to move forward with plans to profitably convert animal fats into renewable diesel fuel, with a rollout planned for Spring 2009. Although demand for renewable fuels is high, it is doubtful the diesel will be shipped and distributed through existing pipelines from ConocoPhillips refineries, by...

  Tue May 6, 2008 @ 10:07 AM PDT

  Tags: Tyson Foods Inc., Biodiesel, ConocoPhillips Co., David Phillips

• Molson Coors Profit Tops View

  By Martinne Geller NEW YORK (Reuters) - Molson Coors Brewing Co (TAP) posted better-than-expected quarterly profit on Tuesday as volume gains and price increases offset rising commodity costs, sending its shares up nearly 8 percent to a six-month high. The maker of Molson...

  Tue May 6, 2008 @ 9:15 AM PDT

  Tags: Sales strategy, Sales force management, Molson Coors Brewing Co., quarterly profit, price increase, cost savings, Canada, Britain, sales, analyst, Thomson Reuters Corp., pricing strategy, cost reduction, New York, net income, U.S., transportation, antitrust, tax, board, indu

• Diageo to Sell Part of Dublin Guinness Site

  LONDON (Reuters UK) - Drinks group Diageo (DGE) is expected to announce plans this week to close part of its historic Guinness brewery site in Dublin and sell the land for redevelopment, the Times reported on Monday. The company launched a review last June that valued...

  Mon May 5, 2008 @ 5:04 AM PDT

  Tags: Diageo Plc., Food & Beverage, Manufacturing, Guinness, Oukbs

• United Airlines May Ask For Credit Revision: Report

  NEW YORK (Reuters) - UAL's (UAUA) United Airlines is mulling asking its banks to rejig the terms of its credit facility in an effort to get crucial financial flexibility, the Financial Times reported on Monday. The carrier may approach its lenders, Citigroup (C),...

  Mon May 5, 2008 @ 1:45 AM PDT

  Tags: Financial services, Financial accounting, United Airlines, UAL Corp., Financial Times, bank, New York, financing, financial, Thomson Reuters Corp., agreement

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