Anheuser-Busch InBev is buying Seattle-based Elysian Brewing Company for an undisclosed amount.» Read More
Stocks were well off their highs but still posting solid gains after unexpected strength in retail sales and a multibillion-dollar takeover bid in the brewing sector.
European shares rallied on Thursday, after six days of declines, as banks and mining stocks rose, while the bid from Belgian brewer InBev for U.S. rival Anheuser-Busch boosted beverage stocks.
InBev will probably have to raise its $46.3 billion offer for Anheuser-Busch, analysts told CNBC. BUD shares jumped over 10% in Europe.
Stocks opened higher Thursday after a better-than-expected jump in retail sales and a bid by Belgium-based brewer InBev for Budweiser-maker Anheuser-Busch, but news of the ouster of two high-level executives at Lehman Brothers rattled the market.
KeyCorp, which has been hitting new lows recently, cut its dividend in half and plans to raise $1.5 b in capital. The excuse here is an adverse court ruling on tax treatment, but no one is surprised, nor does anyone think they will be the last to cut dividends.
Investment manager Ken Fisher wants to buy stocks when people are miserable -- and he thinks that is where we are right now.
Belgium brewer InBev made a $46.3 billion cash bid for Anheuser-Busch, the largest brewer in the United States, late Wednesday.
The possibility of Europeans owning Budweiser looks increasingly likely after Belgian brewer InBev launched a takeover bid for Anheuser-Busch.
They're like evil twins scaring the stock market. High oil prices and the credit crunch. The stock market will have to put one or both aside in order to move ahead.
Stocks dropped sharply Wednesday as oil prices recovered from previous losses.
The Dow suffered a triple digit loss on Wednesday after a bigger-than-expected drop in crude inventories sent investors scrambling. What's the "Word on the Street?"
InBev has made an unsolicited $65-a-share cash offer to acquire Anheuser-Busch, the American brewing giant said after markets closed Wednesday.
InBev, the giant Belgian beer company, is moving closer to making an unsolicited bid for Anheuser-Busch, people close to InBev have told CNBC.
UPS is getting a nasty taste of what happens when horse racing gets ugly. Big Brown's trainer, Rick Dutrow, has been very public in pinning the horse's last place finish at the Belmont Stakes on jockey Kent Desormeaux.
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Anheuser-Busch popped while Smithfield Foods and Vail Resorts dropped.
Unfortunately, for a huge number of companies across the world, the English national football team is not very good and has failed to qualify for Euro 2008, which kicks off in Switzerland on Saturday.
The Dow fell sharply on Monday after S&P jolted three leading U.S. banks with downgrades and Wachovia ousted CEO Ken Thompson. What's the "Word on the Street?"
Belgium's InBev is close to securing a $50 billion financing package to enable it to launch a takeover bid for Anheuser-Busch Cos, maker of Budweiser beer, the Sunday Telegraphreported.
Oil dominated the news again during the week, though crude prices fell back for a change. Economic data also moved the markets, which finished up for the week.
For the last 10 years, Jean-Claude Trichet and his predecessor Wim Duisenberg (the parents) have told the majority of European member states (the teenagers) exactly what they didn’t want to hear.