Nov 6 The following corporate finance-related stories were reported by media on Tuesday:
* Diageo Plc is set to pick up a 51 percent stake in India's United Spirits Ltd this week in a deal size that is likely to be about $2 billion. ()
* An independent securities regulator is investigating alleged unauthorized trades in Apple Inc shares at Rochdale Securities LLC that have placed the brokerage in a financially shaky position, the Wall Street Journal reported.
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Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Full Article