• Carlsberg unit merges with Greek Olympic Brewery Tuesday, 18 Nov 2014 | 7:04 AM ET

    COPENHAGEN, Denmark— In a move to bolster its position in Greece, Carlsberg says its local brewer will merge with Greek beer-maker Olympic Brewery and hold a 51- percent share in the new company. Carlsberg, a Danish company, said Tuesday that the two breweries combined would hold a market share of about 29 percent in Greece. Carlsberg CEO Joergen Buhl Rasmussen...

  • Cost of booze rising in Virginia after board vote Monday, 17 Nov 2014 | 2:53 PM ET

    Terry McAuliffe proposed the price increase as a small part of a broader plan to plug a $2.4 billion gap in the two-year state budget. Jeffrey Painter, chairman of the Virginia Alcoholic Beverage Control Board, said the average price of a bottle of the hard stuff at the state's 350 package stores is $15. The cost is borne not only by customers at retail stores, but...

  • *Good weather, bigger harvest lead to glut. NANDI HILLS, Kenya, Nov 16- Emerald-coloured tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters. Samuel Busienei, a 72- year-old tea farmer, says he earns 40 percent less for each kilogramme of tea sold...

  • Masters of their 'craft': 30 years of Widmer beer Saturday, 15 Nov 2014 | 1:00 PM ET

    Rob and Kurt Widmer, the founders of Portland's Widmer Brothers Brewing, have created a business that has made them the elders of craft brewing.

  • Judge: Ky. must OK sale of alcohol distributor Friday, 14 Nov 2014 | 4:41 PM ET

    FRANKFORT, Ky.— A Kentucky judge has ordered the state to approve the sale of a small distributor to Anheuser-Busch in a decision that could lead to legislative fight when the General Assembly returns in January. Franklin circuit court Judge Phillip J. Shepherd ordered the state Department of Alcoholic Beverage Control to issue a wholesale beer distributor's...

  • Wine Spectator's #1 wine of 2014     Friday, 14 Nov 2014 | 10:48 AM ET
    Grapes from the Francis Ford Coppola Winery.

    After more than 20,000 wines were reviewed, Tom Matthews, Wine Spectator executive editor, reveals the top wine for 2014. Matthews also discusses recent trends in the diverse wine space.

  • Massachusetts probes state's beer industry Friday, 14 Nov 2014 | 8:38 AM ET

    BOSTON— Massachusetts regulators are investigating whether beer distributors, breweries and retailers are violating the law by paying to have certain brands sold in bars and at liquor stores, while at the same time shutting out rivals. Investigators for the Alcoholic Beverages Control Commission have issued subpoenas to several breweries, distributors...

  • Dreams of drone-assisted farming are taking flight Thursday, 13 Nov 2014 | 2:50 PM ET

    NAPA, Calif.— Hot air balloons drifting in multicolored splashes against a blue heaven are a common sight in the Napa Valley. Drones make sense for wine country, especially on the steep slopes associated with high-end wines, says Steve Markofski, spokesman for Yamaha Motor Corp. USA, which has been testing its RMAX remote-controlled helicopter for spray...

  • Beer giant Anheuser-Busch bets bigger on craft brew Thursday, 13 Nov 2014 | 12:27 PM ET

    The craft beer movement is great for the beer business overall, Anheuser-Busch InBev CEO Carlos Brito told CNBC on Thursday.

  • Craft brings romance to beer biz: AB InBev CEO     Thursday, 13 Nov 2014 | 10:06 AM ET

    Carlos Brito, Anheuser-Busch InBev CEO, discusses the state of the international beer business and innovation at AB InBev

  • UPDATE 1-Poor weather in China curbs SABMiller profit Thursday, 13 Nov 2014 | 4:14 AM ET

    LONDON, Nov 13- Brewing giant SABMiller reported weaker-than-expected profit and a dip in margins for the first half of its fiscal year, citing poor weather in China and intensified competition among retailers in Australia. Excluding the impact from the depreciation of currencies in Latin America and South Africa versus the dollar, SABMiller said EBITDA...

  • The European staples resisting Russia's downturn Thursday, 13 Nov 2014 | 2:20 AM ET
    A Carlsberg advertisement

    Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.

  • Russia will grow again: Carlsberg CEO     Thursday, 13 Nov 2014 | 1:30 AM ET

    Jørgen Buhl Rasmussen, CEO of Carlsberg, says the Russian market will grow again in the future after the beer maker was hit my geopolitical tensions in the country.

  • Looking for acquisitions in Asia: Carlsberg CEO     Thursday, 13 Nov 2014 | 1:30 AM ET

    Jørgen Buhl Rasmussen, CEO of Carlsberg, says the company is looking for acquisition opportunities in Asia.

  • Smucker cuts 2015 outlook as Folgers prices rise Wednesday, 12 Nov 2014 | 1:32 PM ET

    ORRVILLE, Ohio— J.M. Smucker lowered its guidance for fiscal 2015 as customers recoiled from rising prices for its coffee brand, Folgers. Its preliminary second-quarter forecast also disappointed Wall Street and shares slid more than 3 percent Wednesday. Prices for coffee beans have surged this year partially due to a fungus that damaged crops in Guatemala, El...

  • *Worst of Russia pain, rouble slide still to come. Whether due to' recession-proof' products or because the companies have been able to offset pain in Eastern Europe with growth elsewhere, brewer Carlsberg and detergent-and-cosmetics group Henkel are among firms whose third-quarter results beat market forecasts, despite their exposure to Russia.

  • Nov 12- Fuel cell maker Plug Power Inc posted a bigger-than-expected quarterly loss as it continues to struggle to cut costs, sending its shares down as much as 18 percent in premarket trading. Plug Power has been increasing investments and expanding its clientele in European auto-manufacturing markets to take advantage of the growing interest in clean...

  • 'Europe's not about to disappear': Heineken exec     Wednesday, 12 Nov 2014 | 2:30 AM ET

    Alexis Nasard, president of western Europe at Heineken, is bullish on western Europe and says there are promising signs of strength in the region.

  • The craft beer revolution     Monday, 10 Nov 2014 | 6:54 AM ET

    Discussing the breakdown of the craft beer business, and consolidation among the brewer and distributor levels, with Bob Pease, Craft Brewers Association CEO.

  • Craft brewers' state by state campaign     Monday, 10 Nov 2014 | 6:52 AM ET

    Insight to the state by state issue regarding craft beer distribution, with Bob Pease, Craft Brewers Association CEO.