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  • BRUSSELS, May 24- The world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion- plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. The deal still needs to be approved by authorities in the United States and China. The Belgium- based maker of Budweiser, Corona...

  • Smucker Co said it would cut the prices of its U.S. packaged coffee, including those sold under Folgers and Dunkin' Donuts brands, to pass on the benefit of lower bean prices to customers. The biggest U.S. roaster said on Tuesday it would cut prices by 6 percent, adding to a similar cut in July last year. "For the last several quarters, lower green coffee costs were...

  • Smucker Co said it would reduce prices of its U.S. packaged coffee brands, including the Folgers and Dunkin' Donuts, in response to sustained declines in coffee bean prices. "For the last several quarters, lower green coffee costs were reflected in promotional pricing for the majority of our packaged coffee products, and we do not anticipate those prices changing...

  • Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation. "Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials," Tressler added.

  • Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation. Production of sugar-sweetened drinks has stopped, but output of diet drinks such as Coca-Cola light and other zero-sugar beverages continued, spokeswoman...

  • After 2015' s blistering global buyout pace, this year is shaping up to be quite the sequel with Bayer's $62 billion attempt to buy Monsanto and create a global seed giant. The proposed deal between German drug and chemical maker and Monsanto is the sixth-largest cross-border acquisition ever, according to financial markets platform Dealogic.

  • May 23- Vodka maker Stock Spirits Group Plc's shareholders voted for all the proposals put forth by Western Gate Private Investments Ltd, handing the top investor a victory nearly two months after it started agitating for changes at the company. Stock Spirits, which operates mostly in Poland, the Czech Republic and Italy, said last month it returned to profit in...

  • Cure a hangover with this ice cream bar

    A convenience store chain in South Korea is selling an ice cream bar to fight hangovers.

  • FRANKFURT, Germany— Bayer wants to buy Monsanto for $62 billion, hooking up the German chemical and drug company with the St. Louis- based producer of seeds and weed-killers. A: Bayer is offering to acquire Monsanto, which makes seeds for fruits, vegetables, corn, soybeans and cotton, as well as weed-killer Roundup. That compares with a closing price Friday of $101.52...

  • CARACAS, Venezuela— Coca-Cola is halting production in Venezuela of its namesake beverage due to a sugar shortage brought on by the country's grinding economic crisis. Sugar- free beverages are not affected and the company said its offices and distribution centers remain open in Venezuela. The move comes as Venezuela's economy is teetering on the edge of...

  • NEW YORK, May 20- Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI agents visited his home, according to a transcript of his guilty plea. In a secret hearing in Manhattan on Monday, Davis told a federal judge about his efforts to hinder the investigation into the...

  • Whiskey collector Squawk Box

    "I believe in buying at least two of everything I can afford. I always open one," Mahesh Patel says of his whiskey collection.

  • BRUSSELS/ LONDON, May 20- Brewer Anheuser-Busch InBev is set to win conditional EU approval for its $100 billion- plus takeover of SABMiller after agreeing to substantial asset sales, three people familiar with the matter said on Friday. The Belgium- based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American...

  • COLUMBUS, Ohio— In a move that would allow craft brewers the freedom to make boozier beers, Ohio lawmakers have voted to scrap a cap on alcohol content for beer that's been on the books since just after Prohibition. Ohio legislators this week followed the lead of other states in voting to get rid of the 12 percent cap to make life easier for the booming craft beer...

  • SPRINGFIELD, Ill.— Lawmakers scrambling to find money to fix Illinois' multibillion dollar deficit are looking to sugary drinks as one potential source of revenue. Illinois is facing a $5 billion- and-growing deficit. The proposal in Illinois would impose a penny-per-ounce tax on distributors of bottled sugar-sweetened beverages, syrups or powders.

  • May 18- Spirits maker Diageo Plc said industry veteran Javier Ferrán, a partner at consumer-focused private equity firm Lion Capital, will succeed Franz Humer as chairman on Jan. 1. Ferrán, 59, will be appointed non-executive director of the company on July 22, ahead of Humer's retirement. Shares in Diageo closed down 0.7 percent at 1843.5 pence on the London...

  • DUBAI, May 18- U.S. private equity firm KKR and Saudi dairy company Almarai are among four rival groups shortlisted to bid for a majority stake in Abu Dhabi- based National Food Products Company, sources said, highlighting the appeal of the Gulf food and dairy sector. NFPC, one of the largest food and dairy manufacturers in the United Arab Emirates, whose brands...

  • The postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom. But the price drop quickened, due in part to a supply glut from the 1.2 million barrels of oil North Dakota was pumping each day.

  • DUBAI, May 18- U.S. private equity firm KKR and Dubai- based Fajr Capital have teamed up as one of four bidders that have been shortlisted to buy a majority stake in Abu Dhabi- based National Food Products Company, sources familiar with the matter said on Wednesday. NFPC, one of the largest food and dairy manufacturers in the United Arab Emirates, whose brands include...

  • Brexit will not harm UK: JD Wetherspoon chair

    Will a vote to leave the European Union hurt the beverages industry and trade? JD Wetherspoon chairman, Tim Martin discusses.