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The military and political elite, and foreign dignitaries including Vice President Joseph R. Biden Jr., were among those who gathered to honor former Prime Minister Ariel Sharon, who died two days ago.
Japan's Suntory Buys Jim Beam for $13.6 BillionThe move, the first major takeover of 2014, means such longtime American brands as Jim Beam and Marker's Mark bourbons, and Canadian Club whisky, will be owned by a Japanese giant.
Suntory's Deal for Beam Continues a Boom in Alcohol M.&A.Suntory's deal for the maker of Jim Beam is the third-largest acquisition by a Japanese company of a non-Japanese company, according to Thomson Reuters.
Thank Ackman for the Beam DealIt was William A. Ackman who pushed for the creation of Beam Inc. by calling for the breakup of its predecessor, Fortune Brands, a conglomerate that also sold golf equipment.
Reuters Breakingviews: A Bold Move by SuntoryThe strategic imperative for the Japanese corporation is clear, as it is for just about any consumer goods company in the incredibly shrinking Japan, notes Rob Cox of Reuters Breakingviews.
Skeptical of Facebook, Until the Checkbook Came OutJosh Miller, who once wrote that Facebook has "an irreversibly bad brand," has accepted its buyout offer for Branch and Potluck, his social network services.
McKesson Comes Up Short on Celesio Tender OfferA $8.3 billion deal for the German pharmaceutical wholesaler failed to receive the minimum shareholder support, but McKesson did not say whether it would continue to try to acquire the company.
White Collar Watch: Push to Combat Insider Trading May Go Too FarThe latest crackdown by New York State's attorney general, Eric T. Schneiderman, may end up blurring the already thin line between permissible securities analysis and illegal conduct, Peter J. Henning writes in the White Collar Watch column.
Burton Lifland, Judge Who Oversaw Madoff Bankruptcy, Dies at 84Burton R. Lifland, the judge who was overseeing the wind-down of Bernard L. Madoff's Ponzi scheme, died on Sunday, according to the clerk for the federal bankruptcy court in Manhattan.
Across Wall Street, Efforts to Revise a Hard-Charging CultureAs several major banks think hard about the workload of their junior employees, 2014 will probably be remembered as the year that Wall Street tried to offer some relief to the grunts.
Hedge Fund Backs Men's Wearhouse Bid for Jos. A. BankEminence Capital, which owns a 9.8 percent stake in Men's Wearhouse and a 4.9 percent stake in Jos. A. Bank, wrote a public letter to Jos. A. Bank's board on Monday, urging the directors to accept the offer.
Why Barington Still Opposes Darden's Plan to Spin Off Red LobsterThe activist hedge fund said on Monday that Darden's plan to bolster its stock price did not go far enough in breaking apart the restaurant company.
5 Chinese I.P.O.'s Shelved After Regulator Stiffens RulesThe China Securities Regulatory Commission announced that it would tighten restrictions on public offerings, shortly after the first new share sales since 2012 had been approved.
Sanofi Unit to Buy $700 Million Stake in Rare Disease CompanyGenzyme, the American biotechnology unit of the French drug maker Sanofi, is buying a 12 percent stake in Alnylam Pharmaceuticals for $700 million as part of an expanded alliance to develop treatments for rare genetic diseases.
Amec Agrees to Buy Swiss Rival for $3.2 BillionBy acquiring Switzerland-based Foster Wheeler, the British engineering and project management firm would expand its footprint, including increasing its presence in Latin America.
Pawnbrokers for the Bentley-Owning SetA growing number of businesses act as pawnbrokers for a wealthy clientele, accepting assets like a Bentley as collateral for loans of up to $1 million or more, Paul Sullivan writes in the Wealth Matters column in The New York Times.
Bank EarningsJPMorgan Chase and Wells Fargo, set to report fourth-quarter results on Tuesday, will kick off a flurry of bank earnings. The banking giants, analysts say, will most likely face sluggish demand from borrowers whose appetite for refinancing has been sapped by rising rates. For JPMorgan Chase, the nation's largest bank, the quarterly report comes after a string of costly government settlements, prompting analysts to predict that high legal costs could hamper profit. All told, JPMorgan will have paid some $20 billion to resolve government investigations in the last 12 months alone.
Intel EarningsIntel, the world's largest semiconductor maker, is expected on Thursday to turn in lower fourth-quarter earnings compared with a year ago, and discuss what it is doing about it. The numbers probably will not shock; last Thursday two analyst firms said 2013 saw the first double-digit percentage drop in sales of personal computers. Intel is one of this trend's chief victims, since it does not have as much presence in tablets or smartphones. The chief executive, Brian M. Krzanich, is expected to talk about how quickly Intel can get into those markets and others where PCs are not prominent.
European Car SalesWhile European car sales probably fell last year, strong December buying may have helped the industry end 2013 on a high note. The European Automobile Manufacturers' Association will report December and full-year data on Thursday.