Deutsche fees stick to State
State Street Corp. said yesterday that it has retained 88 percent of fees from the customers of the Deutsche Bank AG unit that it bought in January. The fees mean that State Street expects to meet its goal of maintaining 90 percent of the record-keeping and securities-lending division’s revenue, the company said at a conference in New York. – BLOOMBERG
Verizon talks stall
Verizon Communications Inc. and its unions were still saying last night that they were close to reaching a new contract agreement, but it may take a few more days or longer to work out final issues and contract language. The two sides worked through this past weekend in an attempt to reach a deal, but a number of disputes surfaced that slowed talks down. Verizon and leaders of its two Northeast unions will meet again today in Washington, D.C. – STAFF
Coke exec on way out
ATLANTA – A Coca-Cola executive accused in a lawsuit of sham accounting and who oversaw the division that rigged a marketing test to fool Burger King stepped down yesterday. Tom Moore, president of food service and hospitality at the world’s largest beverage maker, will remain at the company to train his successor, Chris Lowe. – AP
Hancock buys fund
John Hancock Advisers said yesterday that it bought the M.S.B. Fund Inc., a stock mutual fund that invests in large companies and is managed by Shay Assets Management. The fund will be known as the John Hancock Large Cap Select Fund. Chicago-based Shay Assets will continue to manage the fund through a sub-adviser agreement with Hancock. – STAFF
Staples goes green
-Office supply chain Staples Inc. and two building companies – all major consumers of wood products – have lined up with environmental groups trying to protect Alaskan forests. – AP
Beer maker hires CFO
The Boston Beer Co., maker of Samuel Adams beer, said Bill Urich will become chief financial officer next month. Urich has more than 20 years’ experience in the food and beverage industry, most recently as chief financial officer with Acirca Inc., an organic- food and beverage company. – STAFF
Janus eyes $1.11B trade
Janus Capital Group Inc. plans to swap most of its stake in DST Systems Inc. for a printing and graphics business in a transaction valued at as much as $1.11 billion. Investors in Janus, including Boston hedge fund company Highfields Capital Management, had pressed the firm to find such a tax-free solution amid falling earnings and assets under management. – BLOOMBERG
