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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Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business. Full Article