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Food and Beverage Beverages

  • May 26- Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. PepsiCo did not respond to a request for comment, while Vita Coco declined to comment. Founded in 2004 by two childhood friends in New...

  • JACKSONVILLE, Ore.— Bill and Barbara Steele moved to this sleepy corner of Oregon to start their own winery after successful, high-powered business careers. Recreational marijuana won't be legal in California until next year, but a few miles north of the border in Oregon, a handful of winemakers are experimenting with pot in hopes of increasing their appeal...

  • SAO PAULO, May 24- Shares in Brazil's Alpargatas SA, the maker of Havaianas flip flops, gained on Wednesday, bolstered by reports from Reuters and elsewhere it was among assets that scandal-hit parent company J&F Investimentos SA had considered selling. Banco Bradesco SA's investment banking unit, which J&F hired to help it sell another asset, dairy company...

  • SAO PAULO, May 23- Shares in Brazilian meatpacker JBS SA stormed higher on Tuesday, helped by bargain-hunting and speculation about potential takeover interest, after earlier falling on concern about the company's role in a corruption scandal. The billionaire Batista brothers who control JBS through holding company J&F Investimentos SA have admitted to...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The ruling is likely to lessen the steady flow of patent...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The dispute began when Heartland, a subsidiary of...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The justices sided 8-0 with beverage flavoring company...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The justices sided 8-0 with beverage flavoring company...

  • PORTLAND, Maine— A Portland- based brewery is suing a Missouri beer maker over trademark infringement. The Press Herald reports Shipyard Brewing Co. filed a federal lawsuit against Columbia Logboat Brewing Co. on Monday. Brendan Palfreyman, a trademark lawyer from New York, says Shipyard's case may be difficult to argue.

  • WELLINGTON, May 17- Global dairy prices rose for the fifth time in a row in fortnightly auctions, putting to rest any jitters that a recovery in dairy in 2017 was temporary. The Global Dairy Trade Price Index climbed 3.2 percent, with an average selling price of $3,313 per tonne, in the auction held in the early hours of Wednesday morning. "Strong demand for milkfat is...

  • MERRIMACK, N.H.— Anheuser-Busch has announced a multimillion-dollar expansion at one of its breweries in New Hampshire, eying growth in expanding craft or specialty beers. The brewery in Merrimack will receive the $11.3 million expansion, allowing construction of new fermentation tanks for brewing craft beer. Jokerst says the planned expansion will keep...

  • PARIS/ HONG KONG, May 10- Chinese food and dairy company Inner Mongolia Yili Industrial said on Wednesday that it planned to bid for Danone's entire stake in U.S. organic yoghurt business Stonyfield for about $850 million. Danone declined to comment, while Yili said the deal was in its preliminary stages. Danone had said earlier this year that it would sell...

  • Campari CEO: South America hit by macro impacts

    Campari CEO Bob Kunze-Concewitz breaks down the main details from its latest earnings report, with discussion on product appetite and market performance.

  • Campari CEO Bob Kunze-Concewitz comments on how the company manages itself when tackling political risk and market volatility.

  • Campari CEO: Lot of innovation in drinks market

    Campari CEO Bob Kunze-Concewitz comments on competition, telling CNBC that there’s “still a lot of great businesses which are independently owned out there”.

  • *Electrical unit had sales of $2.1 billion in 2016. May 9- Manufacturer Pentair Plc said on Tuesday it would spin off its electrical business into a separate publicly traded company to focus on its core business of making water treatment equipment. The company, whose board of directors includes representation by activist hedge fund Trian Fund Management LP, has...

  • *Electrical unit had sales of $2.1 billion in 2016. May 9- Manufacturer Pentair Plc said on Tuesday it would spin off its electrical business into a separate publicly traded company to focus on its core business of making water treatment equipment. The company, whose board of directors includes representation by activist hedge fund Trian Fund Management LP, has...

  • May 9- Manufacturer Pentair Plc said on Tuesday it would spin off its electrical business into a separate publicly traded company to focus on its core business, which makes water treatment equipment. Pentair, which was under pressure from activist hedge fund Trian Fund Management LP, its second-biggest shareholder, has shed non-core businesses to improve its...

  • May 9- Manufacturer Pentair Plc said on Tuesday it would spin off its electrical business into a separate publicly traded company to focus on its core business, which makes water treatment equipment. Pentair, which was under pressure from activist hedge fund Trian Fund Management LP, its second-biggest shareholder, has shed non-core businesses to improve its...

  • LISBON, May 9- A decade ago, shares in the world's largest cork producer, Corticeira Amorim, didn't look like a great bet. The cork industry has since staged a comeback: Lisbon- listed Amorim's share price has soared almost six-fold and cork exports from Portugal, the world's dominant producer, have just regained their peaks of 15 years ago. Where we are today is a...