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General Mills posted slightly higher quarterly earnings and issued a muted outlook amid plans to spend more to fix struggling businesses—like its U.S. Yoplait yogurt division—and promote growth in emerging markets. But it said commodities costs are likely to be more manageable.
A former German banking executive was given 8½ years in jail after admitting to accepting $44 million in payments from Formula One mogul Bernie Ecclestone.
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Italian auto maker Fiat is expected to boost its ownership of Chrysler to 61.9% from 58.5% as early as next week by purchasing shares held by a trust that provides health care for retired union workers.
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Tata Motors and the local unit of General Motors will suspend vehicle production at their factories this week to avoid piling up stocks amid tepid demand in Asia's third-largest automotive market.
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Coca-Cola plans to pour $5 billion into India by 2020. Despite a tumultuous history there and government policy flip-flops, the company sees potential in the nation, where average Coke consumption is 12 bottles a year.
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