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Food and Beverage Beverages

  • HANOI, July 25- Vietnam said Australia's Carlton& United Breweries, part of the world's largest brewer Anheuser-Busch InBev, has expressed its interest in becoming a strategic investor of Vietnam's top brewers Sabeco and Habeco. CUB's general director has conveyed the interest to Vietnam's Deputy Prime Minister Vuong Dinh Hue during their meeting in Sydney...

  • AMSTERDAM, July 25- Netherlands- based drinks bottler Refresco has agreed to buy the bottling activities of Canada- based Cott Corp for $1.25 billion, giving a big boost to its business in the United States, the world's largest soft drinks market. Cott will add 29 production sites to Refresco's network, with 19 in the United States, four in Canada, one in Mexico and...

  • AMSTERDAM, July 25- Netherlands- based drinks bottler Refresco said on Tuesday it had agreed to buy the bottling activities of Canada- based Cott Corp for $1.25 billion, a move that will increase its capacity in the United States. The deal comes three months after Refresco rejected a $1.5 billion takeover offer from French private equity investor PAI Partners,...

  • Tequila Avion president on the booming spirits business

    Jenna Fagnan, Tequila Avion president, discusses the growing demand for the spirit in the U.S.

  • Senator Chuck Schumer, the top Democrat in the U.S. Senate, accused Trump of running a populist election campaign and then abandoning working people for special interests once in the White House. "We can't delude anyone that this Congress will begin passing our priorities tomorrow but we have to start presenting our vision for the country's future," Schumer said...

  • "The number one thing that we did wrong is we didn't tell people what we stood for," Senator Chuck Schumer, the top Democrat in the U.S. Senate, told ABC's "This Week" on Sunday. Schumer and House Democratic leader Nancy Pelosi will roll out the plan in the town of Berryville, Virginia at the northern end of the Shenandoah Valley. Accompanying them will be Senators...

  • Some customers were buying it to help in the bedroom, but FDA spokeswoman Lyndsay Meyer said it is not clear if the product works like Viagra. No injuries have been reported, but the FDA says the undeclared ingredient could interact with prescription medicine and lower blood pressure to dangerous levels. The FDA advised customers not to purchase the coffee last...

  • July 20- The world's largest brewer Anheuser Busch InBev said on Thursday it was acquiring Hiball, a San Francisco- based producer of energy drinks and owner of the Alta Palla brand of organic sparkling juices and sparkling waters. The acquisition marks another step into the non-alcoholic drinks sector for the company, which already produces the...

  • *Strong performance of cognac in China. PARIS, July 20- Remy Cointreau struck a cautious note on its profit outlook due to planned investments on Thursday, although the French drinks company exceeded market forecasts with its first-quarter sales. A strong performance from the maker of Remy Martin cognac and Cointreau liquor, partly driven by a rebound in demand...

  • *CP Railway reports better-than-expected 2nd- qtr results after markets. TORONTO, July 19- Canada's main stock index rose on Wednesday as a jump in the price of oil to a six-week high sent energy stocks rallying across the board. Encana Corp jumped 4.7 percent to C $12.53 while Crescent Point Energy Corp surged 8.6 percent to C $9.83.

  • July 17- Activist investor Nelson Peltz is seeking a seat on Procter& Gamble Co's board, taking public his frustrations with the company's lagging stock price and railing against its "suffocating bureaucracy." Trian Fund Management LP on Monday announced the nomination of its chief executive and co-founder Peltz, launching the largest proxy fight ever...

  • TORONTO— Canada's federal food inspection agency backtracked Thursday from its decision that wines produced in the West Bank and other areas controlled by Israeli forces should not be labeled as products of Israel. The Liquor Control Board of Ontario said the inspection agency notified wine sellers last week that it would be unacceptable to declare Israel...

  • Medellin, July 12- Mexico aims to more than triple its annual coffee production in the next 15 years due to a renovation program, Mexico's vice minister of agriculture said on Wednesday. Mexico will harvest 15 million 60- kg bags of coffee within 15 years, up from 3.8 million bags in 2017/ 18, said Jorge Narvaez, vice minister of Mexican agriculture, speaking at a...

  • Former Anheuser-Busch CEO appeared 'too intoxicated to take off' in helicopter

    Former Anheuser-Busch CEO August Busch IV appeared "too intoxicated to take off" hours after a helicopter landed in an office park near St. Louis, police said Tuesday.

  • JD Wetherspoon Chairman Tim Martin discusses second-quarter earnings and the consumer trend for premium alcohol over beer.

  • Soda is the new cigarette: Cowen's Vivien Azer

    Vivien Azer, senior research analyst at Cowen, and Nik Modi, managing director at RBC Capital Markets, discuss how to play soda stocks.

  • *Adj. profit of $1.44/ shr vs. est. July 11- PepsiCo Inc's second-quarter profit topped estimates, as the company sold more higher-margin healthier foods such as baked chips and raised prices on its drinks in North America. Poppables cost more as well: a 5- ounce pack sells for $2.48 on Walmart.com versus a 10- ounce pack of Lay's Classic chips that sells for $2.50.

  • *Adj. profit of $1.44/ shr vs. est. July 11- PepsiCo Inc's second-quarter profit beat estimates as the company's strategy of increasing prices of sodas and snack foods in North America paid off. Sales in its North America beverage unit, PepsiCo's largest, rose 2 percent in the quarter ended June 17, the company said on Tuesday.

  • Drinking coffee could actually lead to a longer life, studies say

    Drinking coffee could reduce chances of dying from a host of diseases, including heart disease and stroke, according to two studies.

  • PepsiCo CFO: Our innovation is working well and driving growth

    Hugh Johnson, Pepsico CFO and vice chairman, talks about the company's second quarter results which beat on the top and bottom line.