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  • 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spending and corruption in 2012, is starting to show signs of revival but lavish spending by China's wealthy elite has been replaced by more prudent consumption.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,...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After funding a successful campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to back similar efforts in several other U.S. cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After successfully funding a campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to fund similar efforts in several other cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After successfully funding a campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to fund similar efforts in several other cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • *Judge also presiding over unrelated Trump University case. June 17- MillerCoors LLC won the dismissal of a proposed class action lawsuit by a self-described beer aficionado who said the brewing giant tricked consumers into paying premium prices for Blue Moon by falsely portraying it as "craft beer." District Judge Gonzalo Curiel in San Diego said the...

  • Parse

    Clothes and gift cards still top Fathers Day gift lists, yet these spirits can make for a better present.

  • Wal-Mart brand red wine named one of the world's best

    The Chilean wine was awarded a platinum 'best in show' medal from the Decanter World Wine Awards.

  • NEW YORK, June 16- Philadelphia Mayor Jim Kenney scored a victory that had eluded more than 40 U.S. public officials who took on the powerful U.S. soda industry when the city council voted on Thursday to slap a tax on sweetened drinks. Similar efforts, including several spearheaded by former New York City Mayor Michael Bloomberg, were defeated after intense...

  • June 16- Philadelphia's city council passed a tax on soda on Thursday, dealing a blow to the powerful beverage industry and becoming the largest, and only the second, U.S. city with a levy on sweetened beverages. The council's approval was widely expected after the measure cleared a committee consisting of the entire council last week. The vote marked a victory for...

  • Dumb Donald beer

    Spiteful Brewing is only the latest in a series of craft breweries to find inspiration in the presumptive GOP presidential nominee.

  • Toasting Molson Coors: CEO

    Mark Hunter, Molson Coors CEO, talks about the next generation of brewers and beer drinkers as craft beers gain popularity.

  • *4th- qtr sales $1.81 bln vs est. *Profit $1.44/ share vs est. Smucker Co's quarterly net sales jumped 25 percent, beating analysts' estimates, as demand rose for its Folgers and Dunkin' Donuts branded coffee and its pet foods.