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.
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.
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.
Campbell Soup Co., the world’s largest soup maker, fell the most in more than 10 months after saying earnings this quarter could be “negatively impacted” amid high soup inventories and an increase in marketing spending.