Massachusetts Treasurer Steven Grossman wants to reduce the assumed rate of return on the state’s $50 billion in pension-fund assets, currently at 8.25 percent and among the highest for U.S. public retirement plans.
Corn Products International Inc., which sells sweeteners to Coca-Cola Co. and PepsiCo Inc., rose the most since August in New York trading after a Citigroup Inc. analyst speculated Bunge Ltd. may revive a bid for the company.
My first sip of a great Japanese single-malt whisky was back in 2004, when the 18-year-old Yamazaki was first introduced into the U.S. I found its suave smoothness and elegance as sleek as a new Lexus. It had the familiar spicy, caramel-and-honey notes of a luxury single malt from Scotland but with its own exotic appeal from partial aging in Japanese mizunara oak.
Bunge Ltd., the world’s second- largest publicly traded sugar processor, said Chief Executive Officer Alberto Weisser will retire and be replaced by Soren Schroder, the head of its North American unit.