July 28 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
HOSPIRA IN TALKS TO BUY DANONE MEDICAL NUTRITION ARM
UBS EXPLORED DEAL WORTH 100 MLN EUR WITH FRANCE BEFORE TALKS
AIRLINE INSURERS FACE BIGGEST BILL SINCE 9/11
DIAGEO TO WRITE DOWN CHINESE SPIRIT STAKE
French dairy group Danone has been in talks for
several weeks to sell its medical nutrition business to U.S.
rival Hospira in a deal that would let the buyer move
its tax base to Europe.
UBS was in talks with French authorities over a
100 million euro ($134.29 million) settlement to resolve an
investigation into how the Swiss wealth manager dealt with some
of its rich clients, before discussions collapsed two weeks ago.
Underwriters are reviewing policies for aircraft involved in
hostile acts such as the downing of Malaysia Airlines
flight MH17 as the airline insurance industry faces its most
expensive year since the 9/11 attacks in 2001
Diageo, the world's largest spirits maker, will say
when it reports full-year results on Thursday that it is writing
down the value of its majority stake in its troubled premium
Chinese baijiu brand.
($1 = 0.7447 euros)
(Compiled by Richa Naidu; Editing by Sandra Maler)