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.

Lion Capital to Name American Apparel Director

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Lion Capital told American Apparel that the investment is exercising its right to fill one of the two vacant seats it controls on the fashion company's board.

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.

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.

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.

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.

Guess Cuts Outlook As Fall Collection Disappoints

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Guess warned its fall retail collection hasn't seen the traction it expected with consumers, prompting the apparel retailer to lower its outlook for the year.

Paramount Group Files IPO Prospectus with SEC

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Paramount Group Inc. filed a prospectus for an initial public offering with the Securities and Exchange Commission Wednesday.

Dupont Settles Over Toxic Gas Leaks

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DuPont agreed to pay $1.28 million to resolve alleged violations tied to hazardous chemical leaks at a West Virginia chemical plant that left one DuPont worker dead.

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