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The biggest beer deal in years looks set for completion as Anheuser-Busch InBev said it had reached an agreement with the Justice Department on antitrust challenges to its $20 billion move for Grupo Modelo.
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WASHINGTON, April 5- Anheuser-Busch InBev and the U.S. Justice Department said on Friday that they have reached an agreement for a framework to settle their long-running beer brawl, and asked a court to extend a stay in their court fight until April 23.
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HARRISBURG, Pa.-- Pennsylvania's breweries and beer distributors are worrying about how state lawmakers may liberalize the Depression-era system of selling beer and wine and whether they will be forced to compete for sales at a disadvantage with bigger, better-prepared rivals. But the Senate is likely to change it.
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SALEM, Ore.-- Fans of Oregon craft beer can bring a reusable container known as a "growler" to their local brewery and fill up, and the Oregon wine industry wants in on that kind of trade. Winemakers say they're always looking for new ways to market the products of a growing Oregon business, adding that growlers save a lot of glass and cork.
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D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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*Says JAB proposing 12.75 euros per share. AMSTERDAM, March 28- D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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That cruel reality confronts the four large emerging stock markets known as the BRICs: Brazil, Russia, India and China.
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HONG KONG, March 28- Hong Kong shares may start weaker on Thursday as investors take risk off the table ahead of a four-day Easter weekend with the potential for a run on Cyprus's banks when they reopen later in the day still unnerving markets.
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WELLINGTON, March 28- Following are some of the lead stories from New Zealand metropolitan newspapers on Friday. Parata calls for system shift in education: New Zealand needs to raise the academic achievement of its Maori and Pacific Island students to match those of Pakeha students, Education Minister Hekia Parata said in Queenstown yesterday.
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LAGOS, March 27- The Nigerian unit of beverage maker Cadbury said on Wednesday it grew its full year pre-tax profit by 9.10 percent to 5.51 billion naira in 2012, compared with 5.05 billion naira last year. Cadbury said its turnover however declined to 33.55 billion naira from 34.11 billion naira during the same period last year.
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BRUSSELS, March 27- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Spanish infrastructure group Ferrovial to buy British utility services company Enterprise Plc.
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*ANKARA- Prime Minister Tayyip Erdogan to hold breakfast meeting with Mediterranean region members of parliament from his ruling AK Party. *ANKARA- Deputy Prime Minister Bulent Arinc to attend opening ceremony for Turkish-Mongolia joint economic commission. *ANKARA- Energy Minister Taner Yildiz to attend wind energy workshop.
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ISTANBUL, March 27- Here are news, reports and events that may affect Turkish financial markets on Wednesday. Istanbul's main share index rose 1.46 percent to 83,970.92 points.
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WELLINGTON, March 27- New Zealand's Fonterra, the world's largest dairy exporter, plans to sell its own branded infant milk formula in China by mid-year, playing catch-up with other global diary companies already operating in the booming, high-margin market.
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WELLINGTON, March 27- New Zealand's Fonterra, the world's largest dairy exporter, plans to sell its own branded infant milk formula in China by mid-year, playing catch-up with other global diary companies already operating in the booming, high-margin market.
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In New York, shares of Mexican telecommunications company America Movil climbed 1.9 percent to $21.13. Shares of Coca-Cola Femsa, which Femsa co-owns with Coca-Cola Co, jumped 2.7 percent to $162.19. The BNY Mellon index of leading American depositary receipts rose 0.3 percent, while the BNY Mellon index of leading Latin American ADRs jumped 1 percent.
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*South Africa is world's eighth largest wine producer. STELLENBOSCH, South Africa, March 26- At South Africa's Rostberg and Co., green bottles filled with a ruby liquid clink as they march along a conveyor belt, destined for wine-lovers from Paris to Shanghai.
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COPENHAGEN, March 26- Carlsberg confirmed on Tuesday that it was under investigation by the German Federal Cartel Office after a magazine said the Danish brewer was suspected of price fixing. German weekly magazine Focus reported that Carlsberg, rival Anheuser Bush Inbev SA and some local competitors could face fines totalling hundreds of millions of euros.
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SYDNEY/ WELLINGTON, March 26- The Australian and New Zealand dollars hovered at multi-month highs against the euro on Tuesday as fears that Cyprus' aid plan, which puts the onus on depositors and bondholders, could be used in future bank rescue schemes in the euro zone.
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SYDNEY/ WELLINGTON, March 26- The Australian and New Zealand dollars rose to multi-month highs against the euro on Tuesday as fears that Cyprus' bailout scheme could be used elsewhere haunted the euro zone banking sector. It has fallen about 7.4 pct since February, weighed by Cyprus woes.