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  • HARTFORD, Conn.— A Connecticut brewery will no longer use the name and likeness of Mohandas Gandhi on one of its beers following complaints that the marketing was offensive, a state lawmaker said Friday. The label on New England Brewing Co.' s Gandhi-Bot India pale ale has a cartoon image depicting a robot version of the late Indian leader, who favored prohibition.

  • SAN FRANCISCO— More than $300,000 in world-class wine stolen from a famed Napa Valley restaurant has been recovered from a private cellar on the other side of the country. The Yountville establishment is rated three stars in the Michelin guide and twice has been named the world's best by Restaurant Magazine. Still, those in the tight-knit Napa Valley wine...

  • NEW YORK, Jan 22- Starbucks Corp has fixed the price it will pay for most of its coffee beans this year after going on a buying spree late last year when prices were under pressure, Chief Financial Officer Scott Maw said on Thursday. Maw said Starbucks has now fixed prices on 94 percent of its coffee needs for 2015 after buying a "significant" amount of coffee in the last...

  • Brewing goliaths struggle to fit in at craft beer party Wednesday, 21 Jan 2015 | 8:48 AM ET

    NEW YORK/ BRUSSELS, Jan 21- At Top Hops on Manhattan's hip Lower East Side, drinkers can choose from 20 beers on tap from Dark Penance to Devil Dancer and over 600 more in bottles. The bar is tapping into the surge in demand for craft beers and finds only the occasional customer opting for Budweiser or other brands of the two major brewers Anheuser-Busch InBev and...

  • UPDATE 1-SABMiller performance hurt by China weather Wednesday, 21 Jan 2015 | 3:03 AM ET

    LONDON, Jan 21- International brewer SABMiller on Wednesday reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year. SABMiller sells its own soft drinks in some regions, including Latin America, and sells Coca-Cola soft drinks in Africa. "Our Latin America and Africa businesses continued to grow both volumes and...

  • NEW YORK— Twitter said Tuesday that it plans to buy Indian mobile marketing company ZipDial as it tries to reach new users in developing regions. The San Francisco company did not disclose financial details or when it expects the deal to close. Founded in 2010, ZipDial has created campaigns for beverage maker PepsiCo and toy maker Mattel Inc., according to its...

  • NEW YORK— The Beastie Boys want to force the maker of Monster Energy drink to pay nearly $2.4 million in legal fees and costs so the rappers' $1.7 million jury award is not dwarfed by expenses in a copyright violation case, lawyers say. A Manhattan federal court jury awarded the group most of the $2 million it requested at a June trial, but that was not enough to cover...

  • *Qatar Islamic Bank falls despite strong results. DUBAI, Jan 19- Most Gulf equity markets pulled back on Monday as oil prices slipped again and negative fourth-quarter earnings weighed on Saudi Arabia's bourse. Saudi Arabia's main index slid 0.6 percent as petrochemicals giant Saudi Basic Industries fell 1.9 percent and Savola Group, the kingdom's biggest...

  • Jan 16- PepsiCo Inc said it had elected an adviser at Nelson Peltz's Trian Fund Management to its board, signaling a truce between the company and the activist investor following his two- year push to split the snack and beverage maker. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the...

  • POTTSVILLE, Pa.— Yuengling bills its Pottsville, Pennsylvania, brewery as the oldest in the nation, but its beer won't be served at Democrat Gov.-elect Tom Wolf's inaugural celebration. Mike Vereb told The Philadelphia Inquirer he doesn't think it's an accident that Yuengling was left off the list of beers being served at Tuesday night's party.

  • PURCHASE, N.Y.— PepsiCo says that an advisory partner to activist investor Nelson Peltz's Trian Fund Management will join the beverage and snack food company's board in March. Purchase, N.Y.- based PepsiCo said Friday that its board has elected William R. Johnson, a former chairman and CEO of H.J. Heinz, to a director seat, effective March 23. Representatives for...

  • Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Trian Fund Management, to its board, following a recent push by Trian to split the company. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the company's 2015 annual shareholders' meeting, PepsiCo said.

  • PepsiCo elects Trian Fund's nominee to board Friday, 16 Jan 2015 | 4:40 PM ET

    Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Nelson Peltz-led Trian Fund Management to its board. Nelson Peltz-led Trian Fund held 1.19 percent stake in PepsiCo as of Dec. 31, according to Thomson Reuters data. The activist investor has urged PepsiCo, known for beverages like Pepsi, Tropicana and Gatorade, to split its more...

  • CONCORD, N.H.— Babies and bottles normally get along just fine, unless a picture of that baby happens to be plastered to the front of a bottle of beer being sold in New Hampshire. Currently, that bottle of Breakfast Stout crafted by Founders Brewery Co. in Grand Rapids, Michigan, is illegal in the Granite State but legislation proposed this year would permit brewers...

  • Craft beer CEO sues, then says sorry  Thursday, 15 Jan 2015 | 12:00 PM ET

    Lagunitas Brewing Co. founder and CEO Tony Magee sued rival Sierra Nevada over its new IPA logo. However, backlash from customers on social media convinced him to drop the case.

  • Italy's law to reward loyal investors irks funds Thursday, 15 Jan 2015 | 8:36 AM ET

    MILAN, Jan 15- Italian companies are beginning to shed their reluctance to open their shareholder base to outsiders, coaxed by new legislation that strengthens the voting power of long-term investors. Similar multiple-vote schemes exist in France, Britain and Northern Europe. The aim is to convince family-owned firms that make up the core of Italy Inc to list...

  • Tiny Cokes: Less guilt means more money for makers Tuesday, 13 Jan 2015 | 7:48 AM ET

    NEW YORK— After watching Americans suck down Big Gulps for decades, Coke and Pepsi are realizing less could be more. As people cut back on soda, the two beverage giants are pushing smaller cans and bottles they say contain fewer calories and induce less guilt. The goal is to offset falling consumption with packages that cost more per ounce and are appealing for...

  • Trian's Peltz escalates campaign to break up DuPont Friday, 9 Jan 2015 | 8:12 AM ET

    Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.

  • Jan 8- Activist investor Nelson Peltz, one of DuPont's largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board. Trian Fund Management L.P., which Peltz heads, said on Thursday that investment funds it manages own 24.3 million DuPont shares worth about $1.8 billion.

  • Constellation Brands lifts profit forecast Thursday, 8 Jan 2015 | 12:40 PM ET

    Constellation Brands raised its full-year earnings forecast after reporting higher-than-expected quarterly sales and profit.