Treasury Wine Estates Ltd., the world’s second-largest traded wine maker, may increase sales this year in Europe, the Middle East and Africa, helped by its Wolf Blass and Lindeman’s brands, according to an executive.
Siemens AG and its partners improved their offer for Alstom SA, valuing the French company’s energy assets at 14.6 billion euros ($19.9 billion) and raising the stakes in the takeover battle with General Electric Co.
Ex-broker David Weishaus pleaded guilty to conspiracy and securities fraud in an insider trading scheme based on a tip involving International Business Machines Corp.’s acquisition of software company SPSS Inc.
Royal Philips NV said the strength of the euro will make 2014 a “challenging” year after the world’s biggest lighting manufacturer reported first-quarter earnings that missed analyst estimates. The stock declined the most since June 2011.
General Electric Co. must decide whether to accept France’s terms to complete the acquisition of Alstom SA’s energy assets, the U.S. company’s biggest deal ever, after winning the government’s support.
The Canadian government has given the country’s Wheat Board four years to come up with a plan to become a private company or cooperative under legislation that would end the board’s monopoly on marketing wheat and barley.