NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Russian watchdog favors PepsiCo's buy of WBD: report
MOSCOW (Reuters) - Russia's competition watchdog sees no major issues with PepsiCo's (PEP.N) plan to buy juice and dairy company Wimm-Bill-Dann (WBDF.MM) WBD.N, Interfax news agency reported on Monday.
"We are thinking well (of the deal), there are no big issues," Igor Artemyev, head of the Federal Anti-monopoly Service, was quoted as saying.
Earlier this month, U.S. giant PepsiCo said it would buy control of WBD (WBDF.MM) for $3.8 billion -- one of the biggest acquisitions by a foreign company in Russia -- as it looks to emerging markets for growth.
Artemyev said PepsiCo's share of the Russian juice market will not exceed 45 percent following the transaction, and it will also control 30 percent of the country's dairy market.
(Reporting by Maria Kiselyova; Editing by Anshuman Daga)
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