On Monday, Constellation Brands (NYSE: STZ) announced its plan to submit a proposal to the US Department of Justice to acquire a brewery operation currently part of Grupo Modelo. This is a subsidiary, of course, of Anheuser-Busch InBev SA/NV. The deal is reported to be valued at roughly $600 million. The Grupo Modelo brewery is […]
A lot of people think that the diamond is the definitive gem of the engagement ring but times are changing. People are looking for ways to be different and the tradition of giving offering a diamond in exchange for a hand in manage might be turning a bit blasé. That is not to say that […]
Alcoa Inc (NYSE:AA) surprised Wall Street ahead of the open today by announcing results earlier than scheduled and that fell short of expectations. Alcoa Inc expected at $0.33 a share, missed analysts’ projections by $0.02 cents. Shares sank as much as 7% in pre-market activity, wiping out this year’s gain of 6.4% and then some. Investors had not expected […]
The retail sector is struggling and that is no more apparent in the number of store closures reported throughout the market. One company has been largely immune to these metric—Walmart Stores, Inc, obviously—but it looks like they are also feeling the pinch. Now, the company has not necessarily reported that any stores will be closing […]
It has only been two years since the hedge fund Starboard Value took over control of the governing board of Darden Restaurants (NYSE: DRI). Since that time, though, 7 of the board’s 12 directors have stepped down, and that includes former chairman and activist investor Jeff Smith. Darden, of course, is the parent company of […]
On Tuesday, the National Retail Federation announced that it expects holiday spending to increase over last year. The NRF says retail sales in November and December—with the exception of gas, auto, and restaurant sales—will increase by a steady 3.6 percent, to reach $655.8 billion. This is notably higher than the 10-year average of 2.5 percent […]
This week, the Geneva-based World Trade Organization drastically cut its forecast over trade growth this year by roughly one third to mark the lowest growth rate since 2009. This was a time when the global economy was riddled with a recession and a near financial crisis. Updating its most recent forecast, on Tuesday, the world’s […]
Novo Nordisk is the largest insulin maker in the world and with [type 2] diabetes on the rise you would think that business is good for them. Well, if things are swimming along nicely for Novo Nordisk, then why are they cutting approximately 1,000 jobs as part of a plan to lower costs? It might […]
13 years ago, China issue a ban on US beef. This was largely on the heels of a mad cow disease scare, resulting in a major shrinking of the market, of course. However, this week, China announced its plan to lift this ban, making US beef available in the major economy. This, of course, is […]