June 12/PRNewswire-AsiaNetMERGER DELIBERATIONS CONTINUE... PURCHASE: PepsiCo said today that discussions continue with the U.S Federal Trade Commission over its planned merger with the Quaker Oats company, speculating that deliberations could extend into the third quarter.LUCRATIVE CONTRACT WON... PARIS: Visteon Corporation, the automotive component manufacturer, has announced that it has scored a contract with Toyota's European arm to supply interior, electrical and fuel-related components for the company's latest model, the Toyota Yaris.WATER FORCES ALUMINIUM REDUCTIONS... MONTREAL: Alcan Inc will reduce the production of aluminium from its Kitimat, B.C smelter due to low water levels, the company announced today.KILLERS BORNE OF DRUGS... LOS ANGELES: A recent spate of violent killings in Japan and Australia have been induced by the excessive use of psychiatric drugs, according to the watchdog group, the Citizens Commission on Human Rights.NETWORK ALLIANCE... HONG KONG: Motorola said today that it will team with Altera Corporation to execute the design and development of Motorola's "Beyond 3G" network solution, a computer logic that facilitates data delivery.BANKING STRATEGY... HONG KONG: CR2 and Stratus Technologies Inc today said that they have formed a strategic alliance to deliver banking solutions to the financial services industry.ONLINE BANKING SYSTEM... BELMONT: iPin, the e-payments technology company, will fit-out the Hong Kong and Shanghai Corporation's latest online payments system, the company said today.SHAKESPEARE ON SHOW... TORONTO: William Shakespeare's portrait, a 17th century artwork, will next week be unveiled for public viewing by Canada's Art Gallery of Ontario, the gallery has announced.BARGE SUPPORTS PLANT... MANGALORE: Joint venture company, Tanir Bavi Power, today said it will move its present single-cycle plant to a barge in the southern Indian state of Mangalore, to allow a changeover to combined-cycle status. GOLF GLORY FOR BALL... CARLSBAD: Callaway Golf Company's "Rule 35" ball was part of another PGA Tour victory yesterday, the NFL Classic, the company announced today.WINE PARTNERSHIP MANIFESTS... FAIRPORT: A U.S joint-venture wine company, Pacific Wine Partners, has been formed by BRL Hardy Limited and Constellation Brands Inc, to "produce, market and sell a global portfolio of premium wines in the U.S, including a portfolio of Australian imports, the fasting growing wine category in the industry", the two companies said in a joint statement today.IT POINT OF DIFFERENCE... MELBOURNE: Melbourne IT, the domain name provider, said today that it will be the first company of its kind to provide its clients with full service and support.OIL UPDATE... HONG KONG: CNOOC Limited today released its exploration update covering its 2001 plans and results so far.MS UNDER MICROSCOPE... GENEVA: Serono S.A announced today that its multiple sclerosis treatment is covered in today's edition of the scientific journal, Neurology.EXECUTIVE MOVEMENTS: CARLSBAD: Two new directors have been appointed to the board of Callaway Golf Company, Ronald A Drapeau and Ronald S Beard, the company said today. SAN FRANCISCO: Intermost Corporation has undergone a restructure of its board and senior management, appointing Francis Tsui as chairman, and Andy B Lin as president and ceo, according to a company news release. CARLSBAD: Callaway Golf Company's senior vice-president of sports marketing, Mike Galeski, will head up the company's "Grow the Game" program, the company said today, while Bob Penicka has been promoted to executive vice-president manufacturing, following his predecessor's move to the post of president/ceo.FINANCIAL RESULTS: MARKET EXACTS PRICE... CARLSBAD: Callaway Golf Company today predicted that market conditions would shear back its expected revenue gains for the first six months of 2001 to $US 250 million, rather than $US 290-300 million. NET REVENUES REVEALED... TAIPEI: Advanced Semiconductor Engineering Inc today reported its May 2001 unaudited consolidated net revenues for its Taiwanese packaging plant at $NT 2,855,721. (AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).