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  • *SABMiller awaiting China preconditions before scrutinizing terms. LONDON, July 21- The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. At the company's annual general meeting on Thursday, Chairman Jan du Plessis said the board...

  • NEW YORK, July 21- Brewers Anheuser-Busch InBev and SABMiller received U.S. antitrust approval for their $107 billion merger on Wednesday, bringing the largest-ever consumer products deal a big step closer to completion. The deal has already been cleared by Australia, Europe and South Africa, and AB InBev said it still expects closure this year.

  • LONDON, July 21- Brewer SABMiller, in the process of being bought by Anheuser-Busch InBev, reported lower quarterly revenue on Thursday, hurt by tough conditions in some African markets. Excluding the impact of acquisitions, disposals and currency fluctuations, revenue rose 2 percent as gains in Europe, South Africa and Latin America offset more challenging...

  • NEW YORK— Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department that clears the way for U.S. approval of its acquisition of SABMiller. AB InBev, the maker of Budweiser and Bud Light, will sell SABMiller's entire U.S. business to Molson Coors as previously announced as part of the...

  • NEW YORK, July 20- Anheuser-Busch InBev and SABMiller received approval for their $107 billion merger from U.S. antitrust regulators on Wednesday after the companies agreed to unload beer assets and preserve competition from independent craft brewers. The Belgian brewer will make concessions beyond its publicly stated offer to sell it stake in...

  • NEW YORK, July 20- U.S. antitrust regulators approved on Wednesday a $107 billion deal to combine the world's top two brewers, Anheuser-Busch InBev and SABMiller, after securing an agreement from the companies to unload U.S. beer assets and preserve competition from independent craft brewers. "The remedy we secured will help preserve and promote competition in...

  • NEW YORK— Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department that clears the way for U.S. approval of its acquisition of SABMiller. AB InBev, the maker of Budweiser and Bud Light, will sell SABMiller's entire U.S. business to Molson Coors as previously announced as part of the...

  • KAMPALA/ NAIROBI, July 15- International brewers in Africa are expanding their production of beers based on local ingredients, snapping up craft brewers and introducing more brands as low-cost beers gain popularity on the fast-growing but still poor continent. Diageo unit Uganda Breweries Limited has pinned hopes on Ngule, or "Crown" in the Luganda language,...

  • 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...