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Stock Market & Financial Investment News

News Breaks
February 27, 2013
13:57 EDTBUDLawsuit claims AB InBev's beer watered down, Time reports
Class-action lawsuits have been filed in New Jersey, Pennsylvania, and California claiming that AB InBev (BUD) beer has less alcohol than the labels list, according to Time. Each lawsuit is seeking damages of more than $5M, and other lawsuits are expected to be filed in Ohio and Colorado. The company responded by saying, "The claims against Anheuser-Busch are completely false, and these lawsuits are groundless… Our beers are in full compliance with all alcohol labeling laws." Reference Link
News For BUD From The Last 14 Days
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May 15, 2015
12:13 EDTBUDThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).

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