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.
A new decree "effectively amounts to forced labor" in an attempt to address food shortages, says Amnesty International.
Anheuser-Busch InBev, the world's largest brewer, cut its guidance for growth this year in Brazil due to the struggling economy.
Attention, chicken wing fans. July 29 is National Chicken Wing Day.
Chipotle Mexican Grill is thinking outside the tortilla: It's opening its first burger joint.