AMSTERDAM— Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion to reduce debt. Philadelphia- based Crown said the deal will make it the second-largest beer and soft drink can producer in the United States and the maker of 20 percent of all cans globally.» Read More
SYDNEY, Aug 4- Kohlberg Kravis Roberts& Co LP has raised its bid for Australia's Treasury Wine Estates to $3.15 billion, the world's No.2 winemaker said on Monday, adding it would grant the private equity giant access for due diligence. Treasury said KKR and Rhone Capital LLC had raised their bid by 10.6 percent to A $5.20 per share from the A $4.70 offered in April.
*Summit to showcase U.S. business interest in Africa. WASHINGTON, Aug 3- The United States will announce nearly $1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programs in Africa during a summit this week, U.S. and development officials say.
NEW YORK, Aug 3- Early this year, a New York State Lottery winner in Brooklyn approached Morgan Stanley with a problem: he needed to borrow hundreds of thousands of dollars before he collected his prize money. Making unusual loans is critical for Morgan Stanley.
Mixologists opened nearly 11,000 bottles at this year's Tales of the Cocktail convention. What you'll want to drink this year.
The new Roca Patrón uses an old-school production method that calls for a 2-ton volcanic rock.
Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company faced challenging consumer and economic trends.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.
How much more to the downside does orange juice have? OJ trader with Liberty Trading Group James Cordier, provides perspective.
NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.
SYDNEY, July 30- The U.S. dollar hovered at a six-month peak against a basket of major currencies early on Wednesday, having pushed higher as investors continued to give the euro a wide berth.
*New Zealand dollar slips as Fonterra cuts payout forecast. LONDON, July 29- Sterling fell to a six-week low against the dollar on Tuesday while the New Zealand dollar dropped almost half a percent as thin summer currency markets marked time before a slew of U.S. data due later in the week.
*New Zealand dollar slips after Fonterra cuts payout forecast. LONDON, July 29- The New Zealand dollar was the main loser among developed world currencies on Tuesday, down almost half a percent on a sign of weakness from the country's influential dairy sector.
SYDNEY/ SINGAPORE, July 29- The dollar held near a six-month peak against a basket of currencies on Tuesday ahead of this week's Federal Reserve policy review, while the kiwi slipped after dairy giant Fonterra cut its forecast payout to farmers.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
A 75-year-old seasoning is spicing up the Maryland beer business. Flying Dog Brewery licensing deal to create a beer made with Old Bay seasoning has been wildly popular.
MEXICO CITY, July 25- Mexico's Femsa reported on Friday a jump in operating profit in the second quarter, boosted by double-digit sales increases at its convenience-store chain Oxxo and Coke bottling business, but its net profit fell on higher debt costs.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.
SodaStream International is in talks with a firm about taking the company private, Bloomberg reported on Thursday.
A Gallup poll finds that among Americans who drink alcohol, 41 percent of drinkers say they typically drink beer; 31 percent wine and 23 percent liquor.