Barely a year after U.K. drinks giant Diageo won a majority stake in India's United Spirits, a boardroom battle is giving the company a sore head.» Read More
London-based beverage company Diageo is in preliminary discussions to acquire Turkish spirits maker Mey Icki which would expand its market share in the developing world, according to a report that appeared in the Wall Street Journal Thursday.
Activist investor Bill Ackman has been given a four-week deadline to propose changes to the board of Fortune Brands, which could lead to the break-up of the whiskey-to-golf balls US conglomerate in which he has accumulated an 11 percent stake.
The Lightning Round is extended in this CNBC.com exclusive feature.
The spirit once called Kill-Devil has set off a bitter dispute between two United States islands, Puerto Rico and the Virgin Islands, over a tax that the federal treasury collects on rum.
SAB Miller, the drinks group, is working with other FTSE 100 companies on a system to change how the City understands “consensus estimates” for financial performance. The FT reports.
Guidance for FY 2011 is for operating profit growth better than 2 percent. But with North America still contributing about 40 percent of the profits, even that lackluster guidance may not be a slam dunk.
Diageo, the maker of Johnnie Walker whiskey, found an innovative way to plug a gaping deficit in its pension plan: put aside 2 million barrels of maturing whiskey from its distilleries in Scotland. The NYT reports.
You think of drinking whiskey and playing golf as things you do in your leisure time to unwind. But some people actually get paid to do these things. What is their day-to-day life like? What did they do to get there? Click here to read about the World's Coolest Jobs ... Ever!
Here's a dream job for the, how shall we say, the more distinguished gentleman or woman, who enjoys a fine glass of whiskey now and again: An apprentice to the master distiller of an Irish whiskey maker!
Blackouts are one more possible problem related to the BP oil spill for the residents of the Gulf of Mexico region. If that happens, the power outages have the potential to impact homes and businesses from western Louisiana to eastern Florida.
What are you planning on buying for your dad this Father’s Day? Ties and electronics? Buy him stocks instead, suggested Tom Anderson, associate editor at Kiplinger’s Personal Finance. He shared his best plays.
Stocks slipped Wednesday after a report showed housing starts fell much more than expected. Charles Crane, managing director at Douglass Winthrop Advisors, and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates, shared their insights.
No sooner had Alex Rospos arrived from Los Angeles for a Memorial Day weekend on the Jersey Shore than he witnessed, and fell victim to, his first prolonged session playing what has become the nation’s biggest viral drinking game, otherwise known as “icing.”
Constellation Brands got a lift Tuesday when UBS analyst Kaumil Gajrawala raised his 12-month target share price to $21 from $18. The alcoholic-beverage maker's shares have gained at least 15 percent over the past month. But Gajrawala said Constellation stock is still "cheapest" in its sector.
Cramer makes the call on viewers' favorite stocks.
Here are the reports to watch this week.
Last year investors just had to buy the "cheapest, nastiest stocks" around and watch them rally in the "dash to trash," but this year requires a more measured approach, Karen Olney, strategist from UBS, told CNBC Monday.
We asked some of the nation's top mixologists for their suggestions on what to serve at holiday celebrations. Here are the recipes!
Terrence Dolan, CEO of Benjamin & Jerold Brokerage and Peter Andersen, portfolio manager at Congress Asset Management told investors how to prepare their portfolios for the week ahead.
Investors gain 2.5 percent a year investing in “sin stocks”—tobacco, alcohol and gambling. Marcin Kacperczyk, professor of finance at NYU Stern, explains the “price of sin” and how it may help investors boost their portfolios.