And in the real world... Sainsbury's, P&G, ITV, British Airways and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Justin King, the chief executive of J Sainsbury, has taken home more than £11 million in pay over the past two years as a reward for hitting his targets in the supermarket chain's three-year turnround plan. Source: Financial Times

Fiat's takeover of Chrysler finally went ahead yesterday after the US Supreme Court dismissed an appeal from angry creditors opposed to the deal. Source: The Independent

Bob McDonald, the chief executive-designate of Procter & Gamble, yesterday stressed his intention to pursue growth in the developing world, vowing to win one billion new consumers in untapped markets such as India and China over the next decade. Source: Financial Times

Willie Walsh, the chief executive of British Airways, pocketed an inflation-busting 6 per cent pay rise last year, despite the airline last month posting its largest-ever loss and planning thousands more job cuts. Source: The Guardian

ITV has offered investors in its €500 million ($700 million) fixed-rate bonds the chance to swap debt for cash and new notes in an attempt to reduce debt and refinancing risk. Source: Financial Times