date:Jul 24, 2013
**Diageo Plc, the world's biggest spirits group, has taken a controlling stake in China's white spirits company Shuijingfang, investing further in a key market that has shown signs of slowing. The British group said it had acquired a holding company, which would increase its ownership of the Shanghai-listed firm from 21 percent to 39.7 percent in a deal worth 233 million pounds ($358 million).
**Burger chain Wendy's Co said it would sell 425 company-operated restaurants to franchisees. By the e