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Rumor Central: What Can We Learn from Brewery Buyouts?

Who doesn’t love a good rumor?

In our youth, school hallways were full of speculation of stolen kisses and scandalous breakups. As adults, our attention may be taken by tabloid magazines at the grocery store, but we refocus on what impacts our lives and interests, seeking out insight into the next plotlines and twists that will enliven the news of the day. 1,705 more words


Anheuser-Busch InBev Buys 9th Craft Brewer

Anheuser-Busch InBev has inked a deal to acquire Texas-based Karbach Brewing Co., the ninth craft beer acquisition by the giant beer producer in a move meant to boost the company’s “craft” portfolio. 394 more words


Molson Coors 3Q Profit Surges, Absent Charges

DENVER (AP) – Molson Coors Brewing Co.’s third-quarter profit surged, absent hefty impairment charges that weighed down the prior-year period.

The beer maker earned $202.5 million, or 94 cents per share, for the three months ended Sept. 151 more words


Business a.m.: Ericsson sales plummet, Drake taps into another profit stream

Here’s our look at the big stories this morning on the business beat:

Ericsson shares hammered: Mobile networks company Ericsson saw its share price plummet by almost a fifth Wednesday after it said third-quarter earnings this year will be “significantly lower” than expectations and it predicts no improvement anytime soon. 703 more words


Molson Coors set to increase beer selection in Canada with US$12-billion Miller deal

Molson Coors wants to offer Canadians a wider selection of imported beers after closing its US$12-billion acquisition of Miller brands that makes it the third-largest global brewer. 463 more words


Mega-merger: Anheuser-Busch InBev's takeover of SABMiller is now official

LONDON — A multi-billion dollar beer company merger was finalized Monday, October 10th. Budweiser maker Anheuser-Busch InBev’s more than $100 billion takeover of SABMiller has become official. 352 more words


Miller Lite Is Going Hard After Bud Light in Its New Ads

This story has been updated to reflect a response from MillerCoors.

Miller Lite’s new ad campaign isn’t pulling any punches.

The MillerCoors beer is going after Anheuser-Busch InBev’s Bud Light, its fiercest competitor. 392 more words