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  • Molson Coors misses 4Q profit forecasts Thursday, 11 Feb 2016 | 7:23 AM ET

    DENVER— Molson Coors Brewing Co. on Thursday reported fourth-quarter earnings of $32.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Molson Coors shares have declined 10 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 9...

  • Nestle terminates IAAF sponsorship over doping scandal Wednesday, 10 Feb 2016 | 2:32 PM ET

    LONDON— Food and beverage giant Nestle told the IAAF on Wednesday that it terminated its sponsorship of athletics' governing body over fears the doping scandal could damage the company's image. The announcement came while Adidas remains in talks with the IAAF about its handling of the corruption scandal amid reports the sportswear giant was considering...

  • Jack Daniel's Distillery announces $140 million expansion Wednesday, 10 Feb 2016 | 2:27 PM ET

    NASHVILLE, Tenn.— The historic Jack Daniel's Distillery is planning a $140 million expansion project to help meet global demand for prized Tennessee Whiskey. The Louisville, Kentucky- based Brown-Forman company owns the distillery. This story has been corrected to reflect that the name is Jack Daniel's Distillery, not Jack Daniel Distillery.

  • *Asahi eyes overseas expansion beer sales fall in Japan. TOKYO/ LONDON, Feb 10- Asahi Group Holdings Ltd is in exclusive talks to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company aims to offset slow growth at home. With Peroni, Grolsch and Meantime, Asahi would get sizeable footholds in the...

  • Asahi offers to buy Peroni, Grolsch beers from AB Inbev Wednesday, 10 Feb 2016 | 9:54 AM ET

    LONDON— Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros for the European beer brands Grolsch, Peroni and Meantime— a sale that is meant to address regulatory concerns about its mega merger with SABMiller. "SABMiller has grown Peroni and Grolsch into world-renowned premium brands, and we are confident that, along with fast-growing...

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • *Asahi eyes overseas growth as beer sales fall in Japan. TOKYO, Feb 10- Asahi Group Holdings Ltd has reached a preliminary deal to buy SABMiller PLC's Peroni and Grolsch beer brands for over 400 billion yen, the Nikkei daily reported, as part of efforts to offset slow growth at home. But the company has sought grow outside Japan where beer sales have fallen over the...

  • Why the low oil price is hurting...beer Wednesday, 10 Feb 2016 | 3:49 AM ET

    Low oil prices are hurting beer sales in some countries but the chief executive of Heineken told CNBC that its key brand has "miles to grow."

  • Carlsberg Q4 profits hit by continuing decline in Europe Wednesday, 10 Feb 2016 | 2:50 AM ET

    HELSINKI— Carlsberg says poor sales in Europe more than halved its fourth-quarter profit despite a slight increase in overall revenue, and the Danish brewer gave a guarded outlook for the year. Net profit in the quarter was 78 million kroner, down from 168 million kroner a year earlier. The group said its beer volumes last year were down 4 percent, mainly due to the...

  • Starbucks reveals a Valentine’s Day beverage Tuesday, 9 Feb 2016 | 9:49 AM ET
    Starbucks reveals a Valentine’s Day beverage

    The molten chocolate will be offered through Valentine’s Day.

  • *To buy back $2 bln- $2.5 bln shares in 2016. *4th- qtr adj EPS of $0.38/ share vs est $0.37. Coca-Cola said on Tuesday it would refranchise all its North America bottling operations by the end of 2017, three years earlier than expected, and also refranchise its bottling operations in China.

  • Coca-Cola's Q4 beats Street Tuesday, 9 Feb 2016 | 7:51 AM ET
    Coca-Cola's Q4 beats Street

    Stephen Powers, UBS analyst, breaks down Coca-Cola's quarterly numbers and shares his thoughts on growing the brand abroad.

  • Global volume up for Coke, though Diet Coke fizzles Tuesday, 9 Feb 2016 | 7:03 AM ET

    ATLANTA— Coca-Cola's global soda volume rose in the fourth quarter, even as Diet Coke continued to suffer declines. "Some of it may be cannibalization," said Chief Financial Officer Kathy Waller in a phone interview. James Quincey, Coke's president and chief operating officer, noted during a call with analysts that diet and light sodas are outperforming regular...

  • Feb 9- Coca-Cola Co said it would refranchise all its North America bottling operations, including its 39 cold-fill production factories, three years earlier than expected, as the soda maker looks to cut costs. The company said in April it would refranchise only two-thirds of its bottling operations in North America by 2017, with all bottling operations in the...

  • *India, Philippines, Indonesia consider tax on sugary drinks. *British lawmakers debate issue, follows sugar tax in Mexico. Scandinavian countries have had such taxes, with varying degrees of success, for many years, and in 2012, France and Hungary joined the list, followed by Mexico in 2014..

  • Feb 5- Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc and other investors. Chobani worked with Goldman Sachs Group Inc to explore the sale after being approached by several parties in 2015.. The decision to reject the offer was due in part to the terms, Chobani said in an...

  • TORONTO, Feb 5- Canada's main stock index fell on Friday in a broad retreat after a weak jobs report and as falling oil prices weighed on energy stocks. At 9:49 a.m. EST, the Toronto Stock Exchange's S&P/TSX composite index was down 96.03 points, or 0.75 percent, at 12,678.47. Canada's jobless rate hit a two-year high in January as the oil-producing province of...

  • PepsiCo's game day bet Thursday, 4 Feb 2016 | 10:52 AM ET
    PepsiCo gears up for Superbowl

    PepsiCo is sponsoring the Super Bowl 50 halftime show. Seth Kaufman, PepsiCo chief marketing officer, and Ram Krishnan, Frito-Lay chief marketing officer, discuss the exciting opportunity for the company's brands, and rumors about Bruno Mars in the show.

  • In Colorado, fears about InBev's entry into craft beer Wednesday, 3 Feb 2016 | 11:58 AM ET

    DENVER— In a former bakery south of downtown Denver, Matthew Fuerst makes beer flavored with ingredients like Hatch green chiles that he chops by hand. Fuerst worries InBev could use its distribution leverage and buying power to squeeze other craft beers out of liquor store shelves, discount its own craft beer line and buy up raw materials after its purchase...

  • Sake-flavored KitKat released in Japan Wednesday, 3 Feb 2016 | 8:10 AM ET
    Sake-flavored KitKat released in Japan

    Sake lovers in Japan can now try out the new white chocolate KitKat bars featuring sake powder.