New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:43 EDTTAP, BUD, SAM, STZAB InBev, Constellation fall after U.S. sues to block Modelo takeover
(BUD) proposed acquisition of total ownership and control of Grupo Modelo. The department said that the $20.1B transaction would "substantially lessen competition in the market for beer in the United States as a whole and in 26 metropolitan areas across the United States, resulting in consumers paying more for beer and having fewer new products from which to choose." The department's lawsuit, filed in the U.S. District Court for the District of Columbia, seeks to prevent the companies from merging. The departmentís complaint also alleges that ABI and Modelo efforts to remedy the anticompetitive aspects of their transaction are inadequate. The complaint states that ABI has agreed to sell Modeloís existing 50% interest in Crown to its Crown joint venture partner, Constellation (STZ). ABI would also enter into an exclusive agreement to supply Constellation with Modelo beer to import into the United States, although ABI can terminate this supply agreement after 10 years and would retain the Modelo brands and its brewing and bottling facilities, the Justice Department added. Following the lawsuit, shares of AB InBev declined 5% to $89.19 while Constellation shares fell 28% to $28.37. Other beer suppliers declined, including Boston Beer (SAM) and Molson Coors (TAP).
News For BUD;STZ;SAM;TAP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 1, 2015
11:15 EDTBUDAnheuser-Busch, NBA announce four-year extension of marketing pact
Anheuser-Busch and the National Basketball Association announced a four-year extension of their long-term marketing partnership, which began in 1998. Anheuser-Busch will continue as the Official Beer Partner of the NBA, Women's National Basketball Association and NBA Development League. As part of the agreement, Anheuser-Busch will also expand its marketing partnership to include USA Basketball and the league's Hispanic marketing initiative, Noches ene-be-a. For the first time, Anheuser-Busch and the league will work together to produce an original digital content media series, designed to bring its brand messages to life through basketball. These videos will appear on NBA-owned properties and will be shared on Anheuser-Busch-owned properties this season. The partnership also includes enhanced packaging and marketing rights. Anheuser-Busch can now feature select NBA and team logos collectively on a national basis on cans, bottles and other packaging and in promotional campaigns.
November 30, 2015
17:47 EDTBUDSenate schedules December 8 hearing for proposed AB InBev-SABMiller merger
In a short release titled "Ensuring Competition Remains on Tap: The AB InBev (BUD)/SABMiller (SBMRY) merger and the State of Competition in the Beer Industry," the Senate Judiciary Committee scheduled a December 8 hearing to consider the proposed merger of the two beer giants. Reference Link
November 29, 2015
20:01 EDTBUD, TAPAB InBev plans to divest SABMiller's Peroni, Grolsch brands, FT says
AB InBev (BUD) is planning to divest SABMiller's (SBMRY) Peroni and Grolsch brands as it seeks regulatory approval for its proposed merger with the company, reports the Financial Times, citing a source, though a separate source cautioned that the company was merely considering selling the brands. The report notes that potential buyers include Molson Coors (TAP), Heineken (HINKY), and C & C Group. Reference Link
19:05 EDTBUDDeutsche Bank devised tax avoidance strategies for corporate clients, FT says
Deutsche Bank (DB) devised international tax avoidance strategies for certain of its corporate clients, reports the Financial Times, citing several documents and sources. The bank pitched its tax saving plans -- which featured so-called profit-participating instruments -- to companies including AB InBev (BUD), Archer Daniels (ADM), Bunge (BG), and Cargill this year, according to the publication. None of the proposals were illegal, noted the Financial Times, and Deutsche commented that "these transactions were never executed." Reference Link
14:50 EDTBUDAB InBev considering divesting SABMiller's Peroni, Grolsch, Bloomberg says
Subscribe for More Information
November 23, 2015
10:00 EDTSTZOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Peer Perform from Underperform at Wolfe Research... Constellation Brands (STZ) upgraded to Outperform from Market Perform at Cowen... Dick's Sporting (DKS) upgraded to Buy from Hold at Canaccord... Encana (ECA) upgraded to Buy from Hold at Evercore ISI... Genomic Health (GHDX) upgraded to Buy from Neutral at UBS... HP Inc. (HPQ) upgraded to Buy from Hold at Maxim... Heritage Commerce (HTBK) upgraded to Buy from Hold at Sandler O'Neill... James River Group (JRVR) upgraded on improved outlook at BMO Capital... Kellogg (K) upgraded to Outperform from Neutral at Credit Suisse... KeyCorp (KEY) upgraded to Buy from Hold at Jefferies... Och-Ziff Capital (OZM) upgraded to Outperform from Market Perform at Keefe Bruyette... PBF Energy (PBF) upgraded to Buy from Neutral at Goldman... Panera Bread (PNRA) upgraded to Buy from Hold at Maxim... Parkway Properties (PKY) upgraded to Buy from Neutral at Mizuho... PepsiCo (PEP) upgraded to Neutral from Reduce at Nomura... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Sonoco (SON) upgraded to Outperform from Neutral at Macquarie... Synchrony (SYF) upgraded to Buy from Neutral at Sterne Agee CRT... Telecom Argentina (TEO) upgraded to Neutral from Sell at Goldman... Teva (TEVA) upgraded to Buy from Neutral at Goldman... TransAlta (TAC) upgraded to Sector Perform from Underperform at RBC Capital... Universal Insurance (UVE) upgraded to Outperform at Keefe Bruyette... Willis Group (WSH) upgraded to Hold from Sell at Deutsche Bank... YPF (YPF) upgraded to Buy from Neutral at Goldman.
09:32 EDTSTZConstellation Brands moves higher, levels to watch
Subscribe for More Information
06:38 EDTSTZConstellation Brands upgraded to Outperform from Market Perform at Cowen
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use