A recent study took a look at which beer brands do the best job of engaging their followers on the social media platform.» Read More
PORTLAND, Maine— In a nondescript industrial park, beer geeks line up several times a week outside Bissell Brothers to get the latest batch of fresh beer— much like foodies seeking the freshest baguettes, pomegranates or kale. That's tiny compared to the big craft breweries, which are stretching the meaning of "craft" under Brewers Association guidelines that...
May 7- Molson Coors Brewing Co reported lower-than-expected quarterly net sales, hurt by lower demand for its beer and a strong dollar. Molson Coors Brewing's net sales fell 14.2 percent to $700 million in the first quarter ended March 31. Molson Coors said its equity income from MillerCoors increased 5 percent to $129.3 million in the quarter.
May 7- MillerCoors LLC, the U.S. operations of brewers Molson Coors Brewing Co and SABMiller Plc, reported a 1 percent fall in quarterly net sales, hurt by lower demand for its Coors Light beer and some of its more expensive beer brands. Net income attributable to the company rose to $304.6 million in the first quarter ended March 31 from $291.2 million a year earlier.
David Colletti, a former MillerCoors vice president, was charged in an indictment filed in federal court in Chicago with mail and wire fraud for his role in an alleged scheme that caused the company to be falsely billed for promotional events and marketing services. MillerCoors, a U.S. joint venture between SABMiller Plc and Molson Coors Brewing Co was not...
Influences from abroad may first drive stocks, bonds and the dollar.
U.S. GDP figures stalled last quarter, setting up a winning short-term trade in certain sectors and slices of the stock market.
The "Halftime Report" traders delivered their trades for the second half of the day.
Company CFOs are in "panic mode," according to the head of a firm that helps companies manage currency risk. Here's how to trade it.
NEW YORK/ BOSTON, March 23- A growing number of U.S. companies, including MillerCoors and AIG, are stepping up the battle against online ad fraud by demanding proof that their ads have been seen by real people instead of computers hijacked by cybercriminals. "We don't want to be paying for non-human traffic," said Mark Clowes, global head of advertising at American...
Equities tend to gain in the period leading into interest rate tightening cycles, then reverse when the tightening begins.
India Pale Ales are growing rapidly, and variations on the hoppy beer are helping to keep them popular.
LONDON, Feb 11- SABMiller is exploring the possibility of snapping up a stake in Myanmar's biggest brewer, a deal that would make it the partner of a conglomerate with ties to the former ruling military, sources familiar with the matter say. The sources, who declined to be identified because the matter is private, said SABMiller was interested.
Feb 10- Molson Coors Brewing Co reported a lower-than-expected quarterly profit as beer sales fell and a strong dollar hurt overseas revenue, sending its shares down 2.4 percent in premarket trading. Net income attributable to Molson Coors fell to $94.1 million, or 50 cents per share, from $137.2 million, or 74 cents per share, a year earlier.
Feb 10- MillerCoors LLC, the U.S. operations of Molson Coors Brewing Co and SABMiller Plc, reported a 10 percent fall in quarterly net profit, and said Chief Executive Tom Long will retire on June 30. Net income attributable to the company fell to $213.3 million in the fourth quarter ended Dec. 31 from $237.1 million a year earlier. Molson Coors owns 42 percent and...
NEW YORK/ BRUSSELS, Jan 21- At Top Hops on Manhattan's hip Lower East Side, drinkers can choose from 20 beers on tap from Dark Penance to Devil Dancer and over 600 more in bottles. The bar is tapping into the surge in demand for craft beers and finds only the occasional customer opting for Budweiser or other brands of the two major brewers Anheuser-Busch InBev and...
LONDON, Jan 21- International brewer SABMiller on Wednesday reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year. SABMiller sells its own soft drinks in some regions, including Latin America, and sells Coca-Cola soft drinks in Africa. "Our Latin America and Africa businesses continued to grow both volumes and...
Some of Wednesday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Molson Coors Brewing Co. reported a lower-than-expected quarterly profit, hurt by a fall in beer sales in Canada and higher spending on marketing.
Some of the names on the move ahead of the open.