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  • LOS ANGELES, July 13- Starbucks Corp on Wednesday announced a financial investment and global licensing deal with Princi, an artisanal bakery based in Milan, Italy. As part of its investment, Starbucks and Milan- based Angel Lab and Pekepan Investments, will open standalone Princi cafes around the world. Starbucks in February said Italian businessman Antonio...

  • July 7- PepsiCo Inc reported a better-than-expected profit for the second quarter on Thursday, buoyed by lower raw material costs and higher demand for Frito-Lay snacks and new beverages in North America, lifting shares to a record in early trading. PepsiCo's shares rose to an all-time high of $109, before giving up some gains to trade at $108.61 in morning...

  • July 7- PepsiCo Inc reported a better-than-expected profit for the second quarter on Thursday, buoyed by lower raw material costs and higher demand for Frito-Lay snacks and new beverages in North America. "The North American strength is a big driver behind raising guidance for the year because North America really is performing strongly right now," Hugh...

  • July 7- PepsiCo Inc reported a better-than-expected profit for the second quarter, helped by lower raw material costs as well as strong demand for Frito-Lay snacks and new beverages in North America. That helped net income attributable to PepsiCo increase 1.3 percent to $2.01 billion, or $1.38 per share. Excluding items, the company earned $1.35 per share,...

  • July 7- PepsiCo Inc reported slightly better-than-expected quarterly revenue, helped by strong demand for Frito-Lay snacks and new beverages in North America. Net income attributable to PepsiCo rose to $2.01 billion, or $1.38 per share, in the second quarter ended June 11, from $1.98 billion, or $1.33 per share, a year earlier. Net revenue fell 3.3 percent to...

  • VR drunk driving experience

    Diageo aims to spark a conversation through it's fusion of virtual reality tech and the realities of drunk-driving survivors.

  • The popular clear drink will be available in both the US and Canada for a limited-time.

  • Doubts over whether Bud Light truly supports equal pay

    Although the beer company claims to be a supporter of equal pay, it reportedly declines to provide compensation information for its own female employees.

  • JOHANNESBURG, June 30- South Africa cleared Anheuser-Busch Inbev's $100 billion- plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialized country, said in a statement that...

  • JOHANNESBURG, June 30- South Africa's Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday. After the green-light, AB InBev's CEO Carlos Brito said in a statement that the brewer was on track to close the merger in the second...

  • June 28- Coca-Cola Co's said some products would be temporarily unavailable in Vermont stores as the world's largest beverage maker gears up for a GMO-labeling law going into effect on July 1. Vermont was the first U.S. state to pass a law requiring food companies to label genetically modified organisms on their products. "To avoid multiple labeling changes,...

  • RIO DE JANEIRO, June 27- When U.S. data storage provider EMC Corp opened an oil and gas research center in Rio de Janeiro's Technology Park in 2014, it failed to anticipate a looming downturn in Brazil's booming oil industry. Today, the park's main tenant, state-controlled oil company Petrobras, is hemorrhaging money amid slumping oil prices and the site's...

  • June 27- Starbucks Corp for the first time will sell single-origin, premium coffee from India in the United States as part of its effort to support coffee production in the country better known for its tea. John Culver, group president for Starbucks Coffee China/ Asia Pacific, told Reuters that the aim is for this to be the "first step in what we hope will be many...

  • *AB Inbev to acquire SABMiller in $100 billion- plus deal. PRETORIA, June 23- South Africa's Food and Allied Workers Union said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business. AB InBev, the world's largest brewer, last month gained...

  • *Recovery in China wine market driven by online, logistics firms. *China wine market worth around $14.2 bln- IWSR report. China's wine market, hit hard by Beijing's crackdown on ostentatious spending and corruption in 2012, is starting to show signs of revival but lavish spending by China's wealthy elite has been replaced by more prudent consumption.

  • NEW YORK, June 21- There are few names in America as iconic as Mondavi, one of the original families who put California's Napa Valley on the winemaking map decades ago. When the original business was sold to beverage giant Constellation Brands back in 2004, Michael Mondavi started again, building Folio Fine Wine Partners with his wife, son and daughter.

  • *Gets 5 pct stake in China No. 2 e-commerce firm in return. *China online grocery market to hit $180 bln by 2020- report. "The reality is that e-commerce is hyper-competitive in China and it is tough for any platform to make money," said Ben Cavender, Shanghai- based principal of China Market Research Group.

  • Booze the best safety trade?

    Carter Braxton Worth, Cornerstone Macro, looks into the charts to see whether alcohol is the ultimate safety trade.

  • TORONTO, June 20- Canada's main stock index rose on Monday, with financial and energy stocks leading a broad rally as investors returned to equity markets on rising expectations that Britain will vote to remain in the European Union later this week. That lagged the sharper gains seen in European indices, which jumped as recent momentum for the campaign for...

  • TORONTO, June 20- Canada's main stock index rose on Monday, with financial and energy stocks leading a broad rally as investors returned to equity markets on rising expectations that Britain will vote to remain in the European Union later this week. The most influential movers on the index included its biggest bank by market capitalization, Royal Bank of Canada,...