In a Nov. 4 story about MillerCoors earns, The Associated Press reported erroneously that the company is based in Denver. The company, a U.S. joint venture between Molson Coors Brewing Co. and SABMiller's U.S. unit, is based in Chicago.

Among the earnings stories for Wednesday, Nov. 4, from AP Financial News:

By Jessica Wohl and Martinne Geller

Consumers bought less beer made by Molson Coors in its third quarter, but profit rose 37 percent because of price increases and cost savings from the company's joint venture in the U.S.

MillerCoors, a U.S. joint venture between Molson Coors Brewing Co. and SABMiller PLC, said Wednesday that its third-quarter profit climbed on cost-control efforts as well as the strength of beer brands like MGD 64.

Molson Coors Brewing Co. is expected to report earnings for the third quarter on Wednesday before the market opens. The following is a summary of key developments and analyst opinion related to the period.

Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.

Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.

Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.

Stock index futures indicated a strong opening for Wall Street Monday, helped by European markets that hit a broader-index high for the year on better-than-expected bank earnings.