Some of the names on the move ahead of the open.» Read More
Anheuser-Busch on Monday slammed InBev's efforts to replace the U.S. beer company's board, but said it would be open to any proposal that provided "full and certain value" for shareholders.
The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere.
Commodities are a bit weaker here as the dollar is stronger, stock futures are flat. Europe and Asia are mostly higher, the Shanghai Composite, however, is up 4.6 percent today, best day in a month on strong earnings forecast from a couple of their banks.
InBev upped the pressure on reluctant bid target Anheuser-Busch on Monday with a plan to replace the U.S. rival's board of directors that has rejected its $46.3 billion takeover offer.
In Tuesday's Web Extra the traders reveal how to play beer stocks now that InBev looks as if it is going hostile in its attempt to takeover Anheuser-Busch.
Stocks coasted to a positive finish, fueled by better-than-expected sales from General Motors, short covering and a pop in a manufacturing gauge, in what was a rollercoaster start to the first half.
Constellation Brands posted better-than-expected quarterly earnings Tuesday on price increases and strong sales of higher-profit products such as Clos du Bois wine, sending its shares up more than 5 percent.
Some Anheuser-Busch shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev, according to court documents obtained by Reuters Tuesday.
It was a rocky start to the second half for Wall Street as the market digested a mixed bag of auto sales, a $2 jump in oil prices and an encouraging reading on manufacturing.
Stocks had a wobbly start to the first half as a $3 jump in oil prices and selloff in European banks rippled through the market.
Stocks plunged at the opening bell as a $3 jump in oil prices and selloff in European banks rippled through the market.
Wall Street looks set to start July just like June -- with red arrows. U.S. stock index futures pointed to a lower start after wrapping up the worst first-half of the year since the first half of 1970 on Monday.
The Lightning Round is extended in this CNBC.com exclusive feature.
Following are the week’s biggest winners and losers. Find out why shares of Anheuser-Busch and Exxon Mobil popped while Boeing and Yahoo! dropped.
For the week ending Friday, June 27, 2008, the U.S Markets tumbled on low consumer confidence levels, battered financial stocks, interest rates concerns, and new record prices for crude oil.
Stocks limped to the finish of an ugly week on Wall Street, with the Dow touching bear territory and the broader market continuing to be battered by a double dose of surging oil and a fresh round of banking troubles.
Anheuser-Busch laid out a plan to cut $1 billion in costs and improve earnings as it tries to convince investors that InBev's $46.3 billion offer for the largest U.S. brewer was too low.
Stocks were mixed Friday as traders took a breather after Thursday's selloff that saw major indexes break through key levels and move dangerously close to bear-market territory.
U.S. stock index futures pointed to a broadly flat open on Friday after Thursday's sharp fall and with more gloomy predictions rattling investors' nerves.
InBev weighed up its next move on Friday after turning tough with reluctant bid target Anheuser-Busch to pressure the Budweiser brewer's shareholders, although analysts do not see a hostile bid yet.