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JinRenqing posts

Newspaper wrap-up: Chinese finance minister quits

MAJOR PAPERS:

Chinese finance minister Jin Renqing unexpectedly quit, just ahead of an important Communist Party meeting this October, reported the Wall Street Journal.
Coors Brewing, part of Molson Coors Brewing Company (NYSE: TAP), will introduce "above-premium beers," its beer wholesalers were recently informed, according to the Wall Street Journal.
Sony Corporation's (NYSE: SNE) Sony Ericsson is expanding into fast growing emerging markets such as India and Latin America, and is developing low cost models for those areas, reported the Wall Street Journal.
Indian carmaker Mahindra & Mahindra is conducting due diligence on Ford Motor Company (NYSE: F) divisions Jaguar and Land Rover, which are both up for sale, but the Indian company is more interested in Land Rover, reported the Financial Times, citing sources.

OTHER PAPERS:

According to the Telegraph, Goldman Sachs Group (NYSE: GS) dealmaker Alain Carrier is set to leave the company to take a job with the Canadian government.
The Globe and Mail reported that General Motors Corporation (NYSE: GM) will eliminate 1,000 jobs at a Canadian truck plant in Ontario.