UPDATE 1-Brown-Forman says cutting jobs, costs

* Most of the job cuts to be in Mexico and U.S.

LOS ANGELES, April 20 (Reuters) - Brown-Forman Corp (), the U.S. maker of Jack Daniel's whiskey and Southern Comfort, said it plans t ...[more]

UPDATE 2-Air France picked, Aeroflot not, in Czech tender
) to bid in a tender for flag carrier Czech Airlines but ruled out Russia's Aeroflot, which blamed "politicised and artificial" security concerns for its exclusion.
 A consortium compri ...[more]
Moody's reviews PepsiCo Aa2 ratings for possible downgrade


Full article ...[more]
UPDATE 2-Four financial investors eye Opel stake -source

* GM to shortlist possible bidders by early May-source

* European Opel dealers mull loan to pay for stake

* Pischetsrieder not eyeing possible Opel CEO role

...[more]
FACTBOX-Spreads of U.S. mergers and acquisitions

Full article ...[more]
UPDATE 5-UBS to sell Brazil unit Pactual for $2.5 billion

* To sell Pactual for $2.5 bln, same price it paid in 2006

* Sale raises UBS Tier 1 capital by 1.3 bln Sfr

* Shares slump 4.5 percent (Adds foreign banks in Brazil, detail ...[more]

Fortis shareholders unveil alternative to BNP deal

BRUSSELS, April 20 (Reuters) - Shareholders opposed to the sale of stricken Belgian-Dutch group Fortis's () banking business to France's BNP Paribas () unveiled their vision of a viable "sta ...[more]

UPDATE 1-TCF Financial to pay back TARP funds; cuts dividend

* Cuts qtrly div to $0.05/shr from $0.25/shr

* Says repayment will improve EPS by $0.14 annually

April 20 (Reuters) - TCF Financial Corp () said it received approval to pay ...[more]

UPDATE 1-India Tech Mahindra to run Satyam as standalone unit

* Layoffs at Satyam "last option": Tech Mahindra CEO

* Tech Mahindra deposits funds to take control of Satyam (Add details)

By Devidutta Tripathy

HYDERABAD, Indi ...[more]

UPDATE 1-Chesapeake to buy Florida Public for $12.20/shr

* At close, Florida will be a wholly owned unit of Chesapeake

* Florida to initially operate as a separate business unit

April 20 (Reuters) - Chesapeake Utilities Corp () sa ...[more]

UPDATE 1-Revlon chairman seeks issue of preferred stock
) chairman and majority shareholder Ronald Perelman proposed that the cosmetics maker issue new voting preferred stock to minority shareholders in exchange for their class A common shares.

[more]
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