As temperatures rise across the country, many consumers look for a cold cocktail or a frozen treat to cool off and relax. Now an California based company is giving them the chance to have both at the same time.
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.
A tipping point may be coming. A crowded marketplace was already pressuring winemakers to cut prices. Now, the drought is pushing up costs.
And then there were four. After 16 entrants in each region, four regional champions have been crowned in CNBC's Most Loved Label contest.
A new definition of craft beer continues to have rippling effects. Yuengling now sits atop the list of the largest craft brewers.
An ongoing fight between McDonald's and labor unions has entered a key phase this week, and the ultimate outcome could alter the franchising model.
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