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Stock Market & Financial Investment News

News Breaks
June 28, 2013
05:57 EDTPDRDY, DEODiageo takes on Missouri's 1930s wholesaler rules, WSJ reports
The "Missouri Liquor Wars," a fight between the world's biggest liquor makers and a family-owned wholesaler, could change the way spirits are sold in the U.S. and undo one of the last vestiges of the 1930s Prohibition, reports the Wall Street Journal..The issue is post-Prohibition-era regulations in about a 12 U.S. states that can lock in liquor producers with specific wholesalers, making it difficult to consolidate middlemen or change distributors. Diageo (DEO), Bacardi Ltd., Pernod Ricard (PDRDY) and their Washington lobby say thos laws artificially prop up local wholesalers and drive up distribution costs. They want the right to consolidate their wholesalers. Reference Link
News For DEO;PDRDY From The Last 14 Days
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January 27, 2015
07:18 EDTDEODiageo extends payment delay to 90 days for small suppliers, Telegraph says
Diageo (DEO), owner of Guinness and Johnnie Walker, notified suppliers it will delay payment for 90 days on all new contracts and tenders from February 1 onwards, reports the Telegraph. The notice also stated suppliers would have access to Santander (SAN) financing if any monetary issues arise due to the new policy. The Forum of Private Business plans to challenge Diageo on the matter. Reference Link

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