Stocks Fall After Fed Minutes Show Willingness to Taper in June
Beverages
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CHARLESTON, S.C.-- A California winery on Tuesday recovered four cases of Cabernet Sauvignon that were submerged in Charleston Harbor three months ago in the first phase of an experiment to determine the effect of ocean aging on wine.
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AUSTIN, Texas-- Seeking to help the state's youngest students develop nutritious habits, Texas lawmakers on Tuesday approved banning the sale of sugary drinks in public elementary and junior high schools. In a 24-6 vote, the Senate advanced a bill that would limit beverage choices to water, low-fat milk and pure juice.
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The water, which is owned by French food and beverage company Danone, is unveiling a new bottle for the first time in 14 years as it looks to reinvigorate its image and win back market share in the premium water category.
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LONDON, May 22- Arabica coffee futures on ICE set contract lows on Wednesday as the market extended recent losses linked to ample supplies and a favourable outlook for the crop in top producer Brazil. July arabica coffee on ICE stood 0.55 cent or 0.4 percent weaker at $1.3215 per lb at 1111 GMT after setting a contract low of $1.3205.
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May 20- Campbell Soup Co reported higher-than-expected quarterly earnings and raised its full-year forecast on Monday on improved sales, sending its shares up 2.5 percent in premarket trading.
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Forget the dotcom bubble; Krispy Kreme created a donut bubble a decade ago, reports CNBC's Jane Wells.
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Stifel analyst Mark Swartzberg upgraded bourbon bottler Beam Inc. and beermakers Constellation Brands Inc., and Molson Coors Brewing Co. to "Buy," from "Hold." Constellation Brands, based in Victor, N.Y., is set to benefit from adding production for U.S. sales of Corona and other beers now made by Mexican brewer Grupo Modelo.
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"You want to be in sectors that sell to the people who benefit from wage inflation: consumers," said John Lomax, head of emerging equity strategy at HSBC. Russian supermarket chain Magnit saw profits jump 28 percent in the first quarter and its shares have returned 190 percent since April 2010, according to Morgan Stanley.
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Burger King unveils its new summer menu and takes aim at one of McDonald's most improbable but popular offerings, reports CNBC's Jane Wells.
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Among the stock activity stories for Tuesday, May 14, from AP Business News:. _ Shares of SolarCity Corp., which leases and installs solar energy systems for homes and businesses, fell after it posted a bigger-than-expected first-quarter loss.
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NEW YORK-- Monster Beverage shares are gaining some traction less than a week after the energy drink maker reported disappointing first-quarter results and a slowdown in sales.
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Tito's Handmade Vodka just became the exclusive supplier to United Airlines. Bert "Tito" Beveridge, Tito's Handmade Vodka founder, weighs in.
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Florida's citrus industry is grappling with the most serious threat in its history: a bacterial disease with no cure that has infected all the state's citrus-growing counties.
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Sales of hard cider are up 100 percent year-over-year. Joe Heron, Crispin Cider CEO & founder, weighs in.
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Among the stock activity stories for Thursday, May 9, from AP Business News:. _ Barnes& Noble Inc.' s shares surged after a blog reported that Microsoft is considering buying its Nook e-book and e-book reader business outright.
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May 9- A small-batch vodka made in Austin, Texas, has found its way onto one of the world's biggest airlines. Tito's Handmade Vodka, created by geologist and geophysicist Bert "Tito" Beveridge, is now the exclusive vodka supplier to United Airlines, the companies are set to announce on Friday.
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CNBC's Herb Greenberg sheds light on Green Mountain Coffee and Monster Energy drinks.
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NEW YORK-- Shares of Monster Beverage fell Thursday after the energy drink maker reported disappointing first-quarter results and a slowdown in sales.
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DALLAS-- Dean Foods' net income skyrocketed in the first quarter on the sale of its massive Morningstar division. The Dallas food and beverage company surprised Wall Street even when the sale of Morningstar is excluded and shares rose in early trading. For the three months ended March 31, Dean Foods Co. earned $492.6 million, or $2.63 per share.
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Jim Cramer explains why he believes Monster Beverage is on "decline."