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  • Pernod Ricard takes control of Avion tequila Friday, 11 Jul 2014 | 6:41 AM ET

    PARIS, July 11- Pernod Ricard has spent almost $100 million to gain majority control of Avion Spirits LLC, owner of top-of-the-range tequila brand Avion, as part of plans to expand in the United States, its largest market, the French firm said on Friday.

  • Jack Daniel opens Alabama barrel making facility Monday, 7 Jul 2014 | 12:41 PM ET

    Under a Tennessee law enacted last year, distillers must age their sprits in unused American white oak barrels if they want to label their product Tennessee whiskey.

  • *Announces investments in Britain by Indian companies. MUMBAI, July 7- Britain's finance minister George Osborne praised India's new prime minister Narendra Modi on Monday for helping create a quick turnaround in investor sentiment, during a two-day trip aimed at opening up opportunities in defense and infrastructure.

  • LONDON/ ACCRA, July 4- Tucked in a corner of a Guinness brewery in a run-down part of Ghana's capital, flanked by industrial silos and crates of bottles, stands the Cube, a gleaming mini-factory that may point the way forward for global consumer goods companies in Africa.

  • UPDATE 1-Gates Foundation sells stake in Britain's G4S Saturday, 7 Jun 2014 | 1:19 PM ET

    LONDON, June 7- Microsoft Corp co-founder Bill Gates has sold his entire stake in G4S Plc, the British security firm trying to bounce back from a series of scandals that have hurt its reputation and profits.

  • Ethiopia pushes retail door ajar to foreigners Monday, 26 May 2014 | 7:37 AM ET

    ADDIS ABABA, May 26- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control.

  • Diageo: Aim to change drinking culture in Asia     Wednesday, 14 May 2014 | 11:43 PM ET

    Graeme Harlow, Managing Director for Southeast Asia at Diageo, introduces the inaugural "World Class Southeast Asia Final and Bar Show" in Singapore.

  • Salesforce-backed Anaplan raises $100 million Tuesday, 13 May 2014 | 3:01 AM ET

    San Francisco- based Anaplan makes applications that help companies such as beverages giant Diageo and information-technology company Hewlett Packard make financial, strategy and sales forecasts.

  • Dr. Dre—World's first billionaire rapper? Friday, 9 May 2014 | 2:16 AM ET

    Dr. Dre could become the world's first billionaire rapper if Apple goes through with its purchase of Beats Electronics.

  • Bernard Arnault fashions an empire out of opulence Tuesday, 29 Apr 2014 | 7:00 AM ET

    Combined a host of luxury brands into the LVMH conglomerate, along the way distilling a magic elixir of design, production, and above all marketing.

  • PARIS, April 24- Pernod Ricard said it was buying Kenwood Vineyards to beef up its premium wines portfolio in the United States, the French drinks company's biggest market, and was looking for more small-scale acquisitions.

  • "If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.

  • European shares end higher on upbeat U.S. company results Thursday, 17 Apr 2014 | 12:42 PM ET

    LONDON, April 17- European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.

  • Europe shares close higher after US data and earnings Thursday, 17 Apr 2014 | 12:41 PM ET

    European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.

  • European shares up on encouraging U.S. company results Thursday, 17 Apr 2014 | 11:10 AM ET

    LONDON, April 17- European equities rose in late trading on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.

  • *Earnings depress Google, IBM in after-hours trade. LONDON, April 17- European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results from tech heavyweights Google and IBM, while the dollar fell on dovish U.S.

  • *FTSEurofirst 300 falls 0.3 pct, Euro STOXX 50 down 0.4 pct. *Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by companies reporting earnings that were knocked by currency effects and weak demand from China, confirming a poor start to the earnings season in Europe.

  • Alcohol firms drown sorrows as shares tumble Thursday, 17 Apr 2014 | 5:51 AM ET

    Shares of major drink makers got battered on Thursday after poor results from Diageo and Rémy Cointreau caused a sell-off.

  • *Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by weakness in luxury drinks after a crackdown on gift giving in China knocked beverage company earnings, in quiet trade ahead of a public holiday. Weakness in Asia also affected Diageo.

  • 5-star stock picker Bill Nygren’s new plays Tuesday, 15 Apr 2014 | 2:24 PM ET

    While stocks aren't as cheap as they were a year ago, Bill Nygren made four new portfolio additions.