Brown-Forman's Profit Rises 5% on Jack Daniel's Brand

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Brown-Forman said its first-quarter profit rose 5%, driven by strong sales growth of its Jack Daniel's brand and higher sales in emerging markets.

Westfield Raises Bet on Europe

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Australian developer Westfield said it has raised its stake in a $1.84 billion shopping mall planned for Italy as it seeks other opportunities on the continent.

Tyson to Sell Unit to Clear Hillshire Deal

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Tyson agreed to divest its sow-purchasing business to alleviate antitrust concerns about its impending $7.7 billion takeover of Hillshire Brands under a settlement with the U.S. Department of Justice.

Judge Denies Apple Request for Injunction Against Samsung

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A federal judge Wednesday denied a request from Apple Inc. to bar Samsung Electronics Co. from selling smartphones and tablets in the U.S. that infringe on Apple patents.

Fonterra Seeks Tie-up With Chinese Baby-Food Maker

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New Zealand's Fonterra Co-Operative Group and Hangzhou Beingmate Group announced a partnership aimed at meeting rising demand for infant formula in China.

Kia Plans Mexican Car Plant

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Kia Motors is proposing to build a more than $1 billion car assembly plant in Mexico, accelerating the country into the top ranks of global automotive producers.

GM to Make Cadillac SRX in U.S.

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General Motors said it would invest as much as $185 million to build small engines at its Spring Hill, Tenn., assembly plant and move production of its Cadillac SRX crossover vehicle to the facility from Mexico.

New Diageo Campaign Markets Guinness to Younger Africans

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Diageo PLC is pitching Guinness to younger drinkers across Africa in an attempt to revive sales of the Irish stout, which have stalled in the past year as the continent's economies have sputtered.

Valeant's Allergan Suit Fast-Tracked

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A Delaware judge has fast-tracked a lawsuit from Valeant Pharmaceuticals and hedge-fund manager William Ackman against Allergan, handing the pair a small victory in their hostile bid for the drug maker.

Telefónica May Sweeten Bid for GVT

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Vivendi's board is slated to meet Thursday to discuss an $8.8 billion offer for its Brazilian unit, GVT, by Spanish telecom giant Telefónica, amid expectations of a rival bid from Telecom Italia.

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