US stocks rally on merger dealsSeptember 28th, 2009 NEW YORK - US stocks rallied Monday as investors take the merger-and-acquisition deals as a sign of economic recovery. Xerox said Monday it is buying the business processing company Affiliated Computer Services for about $6.4 billion in cash and stocks.
Japanese brewer Suntory makes binding offer for European fruit-flavored drink maker OranginaSeptember 22nd, 2009 Japan's Suntory makes binding offer for OranginaTOKYO — Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms said Wednesday. Blackstone Group of the U.S.
Pa. pizza shop employee foils robbers armed with shotgun by throwing beer canAugust 20th, 2009 Pizza shop worker, 72, foils robbers with beer canLANCASTER, Pa. — Police said a 72-year-old pizza shop employee foiled a shotgun-point robbery by throwing a can of beer at the perpetrators.
Grand jury charges Ky. ambulance driver with murder, DUI in crash that killed patientAugust 15th, 2009 Ky. ambulance driver charged with murder in crashLOUISVILLE, Ky. — A grand jury charged a Kentucky ambulance driver with murder and driving under the influence in a crash that killed a patient being taken to the hospital last year.
Danish brewer Carlsberg sees 36 pc jump in 2Q net profit to $375 million due to cost cutsAugust 5th, 2009 Carlsberg brewer sees 36 pc jump in 2Q net profitCOPENHAGEN — Danish brewer Carlsberg A/S on Wednesday reported a 36 percent rise in second-quarter profit largely on cost cuts as the company saw only a slight increase in sales. Net profit in April through June was 1.94 billion kroner ($375 million), up from 1.42 billion kroner in 2008, the company said.
Fosters to release Australia's 'poshest' beer priced at 70 dollarsAugust 1st, 2009 MELBOURNE - Fosters Group is set to launch one of the 'poshest' beers in Australia. Priced at 70 dollars, the so-called luxury beer has traces of vanilla and curry leaf, with hints of honey and passion fruit.
Brazil fines AmBev $176 mn for anti-competitive practicesJuly 23rd, 2009 RIO DE JANEIRO - Brazil's antitrust regulator Wednesday imposed a record fine of 352 million reais ($176 million) on beverage giant AmBev for anti-competitive practices. The Cade agency found that AmBev, brewer of Skol, Brahma and Antarctica beers, used discounts, premiums and exclusivity agreements to dissuade retailers from selling competing brands.
Kirin may join forces with Suntory to create major global drink companyJuly 14th, 2009 Kirin confirms merger talks with SuntoryTOKYO — Japanese beermaker Kirin Holdings Co. confirmed Tuesday it may merge with smaller rival Suntory Holdings Ltd.
Kirin and Suntory, Japan's 2 biggest beverage makers, considering a mergerJuly 13th, 2009 Japan's top 2 beverage makers considering mergerTOKYO — Japan's top two beverage makers, Kirin and Suntory, are considering merging their operations, a Suntory spokesman said Monday. A merger would create the world's fifth largest food company by sales, just behind Kraft Foods Inc.
CNB Financial Corp. of Worcester opts for merger with UFB, ends merger with Berkshire BankJune 26th, 2009 CNB Financial of Worcester opts for UFB mergerWORCESTER, Mass. — CNB Financial Corp.
State Bank of Indore staff protest proposed merger with SBIJune 22nd, 2009 BHOPAL - More than 6,000 employees of State Bank of Indore went on a strike Monday to protest the proposed merger with State Bank of India, staff union leaders said here. All branches remained closed.
Swiss mining giant Xstrata seeks 'merger of equals' with rival Anglo-AmericanJune 21st, 2009 Miner Xstrata seeks merger with Anglo AmericanZUG, Switzerland — Swiss mining giant Xstrata PLC said Sunday it is seeking a merger with rival Anglo American PLC. Xstrata said it "recently sent a written proposal to the board of Anglo American seeking their consideration of a merger of equals of the two companies."
"A merger of these two world-class companies with complementary assets is highly compelling," the company said in a statement posted on its Web site, adding that substantial cost savings could result if the deal proceeds.
Senate panel's proposals for taxes on alcohol, sweetened drinks to help finance health careJune 3rd, 2009 Senate panel's alcohol, sweet drink tax proposalThe Senate Finance Committee has said it is considering raising federal taxes on alcohol and creating a new tax on sugar-sweetened drinks to help pay for revamping the nation's health care system, an overhaul that could cost $1.5 trillion over the next decade. —Alcohol tax: Federal alcohol taxes currently differ by type of beverage, and are higher for distilled spirits than for beer and wine.
Karan Bilimoria to stay with Cobra BeerMay 30th, 2009 LONDON - Indian-origin entrepreneur Karan Bilimoria is to stay involved with Cobra Beer as its chairman after setting up a joint venture with an American brewer Friday to save the financially troubled company, a media report said. Molson Coors acquired the brand in Britain, where Cobra Beer is sold in 6,000 restaurants, mostly Indian curry outlets, The Times reported Saturday.
Merger of Reliance Industries, fuel exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Loading ...