Belgium-based Anheuser-Busch InBev and Mexico-based Grupo Modelo have confirmed they are in talks to sell the remainder of Modelo to Anheuser-Busch InBev, which already owns a non-controlling 50-percent stake in Modelo. Both sides say although discussions are taking place, a deal — with an expected price tag of $12 billion — is not certain.
Moody’s downgrades banks; Blackrock fund manager leaves; Twitter suffers an outage; AIG docks a chief for an inter-office relationship.
The markets jump on reports central banks are putting plans in place to prepare for the Greek elections; UK bankers say they will take whatever steps necessary to protect their currency; the video game industry continues its free fall; Allen Stanford is sentenced to 110 years in jail.
Coca-Cola showed a slight improvement in soda sales in the first quarter. But it a real turnaround may be a ways off.
Coke reported better-than-expected quarterly revenue, as strong sales in China offset sluggish Europe and U.S. volumes.
This is the ninth year for the Woodford Reserve $1,000 Mint Julep.
A long dry season in the East has left Asia's premier tea-growing regions parched and could lead to a rise in tea prices, analysts said.
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