<strong>FINANCIAL TIMES<br /><br />INVESTORS IN MADOFF SCHEME SUE SEC<br /></strong>Two investors who lost more than $2.4m in the Bernard Madoff &ldquo;Ponzi&rdquo; scheme have filed suit against the US Securities and Exchange Commission, claiming that the government agency responsible for protecting investors was negligent in its oversight of Madoff&rsquo;s operations.<br /><br /><strong>CHINA AND KENYA IN KEY INFRASTRUCTURE TALKS</strong><br />Kenya&rsquo;s government is in talks with Beijing over development of a multi-billion dollar port and transport corridor that could provide a new export route for Chinese oil in southern Sudan. The cash-strapped Kenyan government opened negotiations with Qatar over a potential $3.5bn investment in the port project late last year in return for a lease on 40,000 hectares of land to grow crops.<br /><br /><strong>PEPSI STRENGTHENS TIES WITH ANHEUSER</strong><br />An unusual deal between PepsiCo and Anheuser-Busch, the US subsidiary of the world&rsquo;s largest brewer, has highlighted a developing global alliance that could eventually threaten Coca-Cola&rsquo;s position as the world&rsquo;s largest beverage company by sales. PepsiCo and Anheuser said they had agreed to work together to cut costs by combining their purchasing of items such as office supplies and computers.<br /><br /><strong>DONINGTON SWEETENS TERMS FOR GRAND PRIX FUNDS</strong><br />The backers of Donington Park have had to sweeten the terms of a &pound;145m ($232m) funding package it needs to stage next year&rsquo;s British Grand Prix in an attempt to attract potential investors in the circuit. Citigroup, the bankers of the Leicestershire racetrack, yesterday launched a sale of &pound;135m of bonds after sounding out investors.<br /><br /><strong>THE TIMES<br /><br />SWEDES PREPARE TO SNAP UP STAKE IN UK&rsquo;S NEW NUCLEAR REACTORS</strong><br />Sweden&rsquo;s biggest energy company is eyeing a possible multibillion-pound investment in Britain&rsquo;s nuclear power industry, The Times has learnt. Vattenfall, Europe&rsquo;s fifth-largest electricity utility, is considering acquiring a stake in EDF&rsquo;s project to construct four new reactors in the UK at Hinkley Point in Somerset and Sizewell in Suffolk. <br /><br /><strong>INVESTOR ALARM AS FINANCE MINISTER BLASTS CORPORATE JAPAN'S ETHICS<br /></strong>In a declaration of policy that will dismay both domestic and foreign investors, Japan&rsquo;s new Financial Services Minister yesterday reiterated his demand for a return to traditional business practices and insisted that &ldquo;there will be no apeing of America&rdquo; on his watch.<br /><strong><br />The Daily Telegraph<br /><br />WALSH TAKES BA/AA TIE-UP CAMPAIGN TO US</strong><br />Willie Walsh, the British Airways chief executive, has taken his campaign for a tie-up with American Airlines to Washington &ndash; a day after two influential senators demanded closer scrutiny of the deal. Walsh called not only for approval of the tie-up but for the US to liberalise its domestic market.<br /><br /><strong>BAE WARNS OF US DEAL WRITEDOWN</strong><br />BAE Systems faces a &ldquo;significant&rdquo; impairment charge after losing out on a lucrative contract to build armoured trucks for the US military.<br />The British defence company is protesting the decision to award the follow-on contract to a US rival, but said yesterday that if its appeal is unsuccessful it will take a hefty impairment charge against $3.8bn (&pound;2.4bn).<br /><br /><strong>WALL STREET JOURNAL<br /><br />CALPERS PROBES FEES PAID TO ADVISER</strong><br />Calpers, the nation's largest public pension fund, is launching a &ldquo;special review&rdquo; of fees paid by some of its money managers to an investment advisory firm run by a former Calpers board member, the fund said.<br /><br /><strong>REDSTONE TO SELL UP TO $947M OF CBS, VIACOM SHARES</strong><br />Media mogul Sumner Redstone is selling some of his family's controlling stake in Viacom and CBS. to meet a looming debt payment, after an auction of many of the family's movie theaters failed to fetch the prices he had sought. Redstone&rsquo;s family holding company, National Amusements, said yesterday that it plans to sell stock in CBS and Viacom valued at as much as $947m, or more than a third of the value of its combined stake in the two big media companies.