Within an hour of going online Monday, the citrus-flavored soda had sold out. It was soon restocked, only to sell out again, Today reports.» Read More
BOSTON— Supermarket chains are launching a television ad campaign to try to persuade voters to reject a ballot question that would expand Massachusetts' bottle deposit law to include bottled water and other non-carbonated beverages.
Discussing news AB InBev is not in talks about financing for a purchase of SABMiller, as well as news Heineken rejected a takeover proposal from SABMiller, with Mark Swartzberg, Stifel Securities analyst, and Michael Bellas, Beverage Marketing Corp. CEO.
NEW YORK, Sept 15- Talk about further consolidation in the brewing industry was helping lift consumer staple stocks on the S&P 500, with the largest gainers Altria, in point terms, and Molson Coors, percentage-wise.
The "Fast Money Halftime Report" traders dissect stock moves after rumors over beer consolidation, and share their favorite plays in the space.
CNBC's David Faber rounds up the consolidation rumors surrounding the beer industry. According to sources, AB InBev is not in talks about financing for a SABMiller purchase.
*Company rejects advances of bigger rival SABMiller. Begun in 1864 by Gerard Adriaan Heineken with the purchase of a brewery in Amsterdam, the company now has more than 165 plants in over 70 countries and is the world's third-largest beer maker- yet his great-granddaughter Charlene de Carvalho-Heineken is still wedded to the firm.
NEW YORK— Investors played it safe on Monday ahead of a potentially pivotal Federal Reserve meeting. While large company stocks ended the day little changed, smaller, riskier stocks slumped. "Reading the tea leaves, it seems that investors are trying to position themselves for a more aggressive Fed," said Jack Ablin, chief investment officer at BMO Private Bank.
AMSTERDAM— Family-controlled brewer Heineken says it has rejected a takeover bid by rival SABMiller. In a statement issued late Sunday night, the Dutch brewer said the Heineken family informed SABMiller it intends "to preserve the heritage and identity of Heineken as an independent company." Heineken did not release any details of the SABMiller bid.
Olly Wehring, managing editor of Just-Drinks, discusses how independence could threaten Scotland's Scotch whiskey industry.
Sales of craft beer rose about 17 percent last year despite a nearly 2 percent drop in overall beer sales, according to the Brewers Association, a trade group for the majority of the nation's more than 3,000 breweries.
Craft distillers are taking advantage of Americans' obsession with pumpkin spice everything—with results that could rival the pumpkin spice latte.
Tim Martin, chairman of JD Wetherspoon, says his push to make taxes on alcohol the same for supermarkets and pubs is being listened to by the U.K. government.
Tim Martin, chairman of JD Wetherspoon, says there is no reason an independent Scotland can't do well, citing Singapore and New Zealand as key leads to follow.
Sept 10- American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.
MILWAUKEE— In a story Sept. 9 about the retirement of the Jacob Leinenkugel Brewing Company's president, The Associated Press erroneously reported that Nielsen's Andrea Riberi said the brewery's beer is ideally suited to the 18- to 25- year-old market. Jake Leinenkugel announces retirement, hands control of Wisconsin craft brewer to brother.
Peter Gago, chief winemaker at Penfolds Wines, says people are willing to pay a high price for Australian wines.
MILWAUKEE— Jake Leinenkugel announced Tuesday that he is stepping down as president of the craft brewery started by his great-great-grandfather and will be succeeded by his younger brother Dick Leinenkugel, who formerly led economic development efforts in Wisconsin.
Indianapolis- based Monarch Beverage Co., the state's largest beer distributor, has filed documents seeking a liquor wholesaler's permit for a separate corporate entity. The state Alcohol and Tobacco Commission has already notified the company it intends to deny the request, the Indianapolis Business Journal reported.
BOGOTA, Sept 5- Colombia's coffee production will be between 11.5 million and 12 million 60- kg bags in 2014, up from a previous estimate of 11.4 million bags, the head of the farmer-funded growers' federation said on Friday, thanks to good weather and tree renovation.
MINEOLA, N.Y., Sept 4- The privately held U.S. producer of AriZona iced tea might face insolvency if the judge overseeing a dispute between its founders sets its value at $3 billion or greater, a lawyer for the co-owner running the company said Thursday.