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BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

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Carrefour eyes plan for Brazil, China growth: FT

General view of Carrefour's Bercy hypermarket in Charenton, a Paris suburb, February 8, 2013. REUTERS/Jacky Naegelen
General view of Carrefour's Bercy hypermarket in Charenton, a Paris suburb, February 8, 2013. REUTERS/Jacky Naegelen

PARIS (Reuters) - Carrefour expects to have a plan in place by 2014 to expand in Brazil and China, its second- and fifth-biggest markets by sales, the Financial Times quoted the French retailer's chief executive as saying.

The company's rate of growth in those markets is "probably insufficient", the newspaper quoted CEO Georges Plassat as saying in its Tuesday edition.

"We are working on a strategy," Plassat was quoted as saying. "These are big countries, and there are lots of possibilities but I hope the plan will be ready by the beginning of next year."

Carrefour has raised around $3.6 billion by selling units in Indonesia, Colombia and Malaysia as part of its strategy of raising cash to defend positions in western Europe, China and Brazil.

In Turkey, meanwhile, Carrefour is talking to joint venture partner Sabanci about options for its business there that could include combining with Migros, a retailer controlled by private equity group BC Partners, the newspaper said.

Plassat said it was probable the situation would be clarified in several weeks, according to the paper.

Carrefour had said it was reviewing the future of the joint venture after Sabanci said a year ago it was unhappy with Carrefour's performance.

(Reporting by James Regan; Editing by Louise Heavens)

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