October 17, 2011 at 2:35pm
Christies sets one wine record, blows another
Christieâs auction in Geneva on Tuesday claims to have set a world record price for a bottle of red Burgundy. A U.S. buyer bought the 750 ml bottle of 1945 Romainee-Conti for $123,889. But the house failed to sell its showcase lot of the auction â 315 bottles representing every vintage from â45 to â07 produced by each of the first five growths of Bordeaux.
Meanwhile in New York on Saturday, the star lot â a complete vertical of Chateau Mouton-Rothschild spanning â45-â07 sold to an Asian collector for $150,000.
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October 14, 2011 at 9:31pm
CORRECTED-BRIEF-Spanish Peaks Holdings II llc files for chapter 7 liquidation
* Spanish peaks holdings II llc files for chapter 7
bankruptcy in Delaware court - court filing* Spanish peaks holdings II llc lists assets of $10-$50
million, liabilities of $100-$500 million - court filing
October 12, 2011 at 7:32am
UPDATE 1-PepsiCo third-quarter profit rises
Oct 12 (Reuters) - PepsiCo Inc reported higher
quarterly earnings on Wednesday, helped by strong international
growth and the acquisition of a Russian beverage company.The maker of Pepsi-Cola, Lays potato chips and Quaker
oatmeal said net income was $2.0 billion, or $1.25 per share,
in the third quarter, up from $1.92 billion, or $1.19 per
share, a year earlier.Revenue climbed to $17.58 billion from $15.51 billion.
5:31am
European shares edge up, miners lead
* Slovakia expected to approve euro zone rescue fundBy Atul PrakashLONDON, Oct 12 (Reuters) - European shares bounced back
after a shaky start on Wednesday as stronger metals prices on
restocking by Chinese consumers helped miners, while analysts
said Slovakia is expected to soon give its long awaited approval
for the euro zone rescue fund.The European mining index , which fell 0.8 percent
earlier in the session, gained 0.9 percent after copper prices
rose more than 2 percent and other key base metals also
advanced. Analysts said Chinese consumers were buying copper to
meet immediate demand which has tightened supply in Asia.At 0847 GMT, the FTSEurofirst 300 index of top
European shares was up 0.2 percent at 963.05 points after
falling to a low of 952.50 earlier in the session. But the index
is still down about 15 percent this year on concerns of a Greek
default and the debt crisis spreading to other countries.”Markets are clearly still hoping for a comprehensive plan
to tackle the (euro zone) debt crises. This may continue to
support the market over the next couple of months,” said
Philippe Gijsels, head of research at BNP Paribas Fortis Global
Markets.”In Slovakia, a ‘yes’ vote may follow shortly. However, it
once again demonstrates how difficult a democratic decision
process with 17 members (of the euro zone bloc) may be.”Parties in Slovak Prime Minister Iveta Radicova’s outgoing
government will hold talks with the opposition to reach a quick
agreement on ratifying a plan to strengthen the euro zone’s EFSF
rescue fund, a party spokesman said.Lawmakers rejected a plan to bolster the European Financial
Stability Facility (EFSF) in a vote on Tuesday, toppling the
centre-right cabinet, but a second vote with opposition support
is likely to approve the pact within days. Slovakia is the only
euro zone member yet to ratify the plan.Basic resources shares came under pressure earlier in the
session after weaker than expected results overnight from U.S.
aluminum giant Alcoa following tough economic conditions.”Caution is still the watchword,” said Keith Bowman, equity
analyst at Hargreaves Lansdown.
