Beverage Manufacturing
Coca-Cola to lay off 750 workers in US
Mar 21, 2013 13:18 EDT
US soft drinks giant Coca-Cola will cut 750 jobs in the United States as part of a restructuring of its North America operations, a company spokesman said Thursday.
Coca-Cola accused of illegal mapping in China
Mar 13, 2013 07:45 EDT
US soft drinks giant Coca-Cola is "cooperating fully" with Chinese authorities on allegations that it illegally mapped part of a southwestern province as part of its distribution operations, it said Wednesday.
China's soaring wine consumption slows down
Mar 08, 2013 02:49 EST
China will retain its crown as the world's fastest growing wine consumption market although the rate is tipped to slow significantly after years of explosive expansion, according to a new study.
US lawsuit claims 'King of Beers' is watered down
Feb 26, 2013 20:00 EST
The makers of Budweiser faced accusations on Tuesday of watering down the popular American lager in search of higher profits, in a class action lawsuit flatly rejected by the brewery.
US wine exports hit record $1.4 bn in 2012
Feb 21, 2013 16:35 EST
US wine exports uncorked a record year in 2012, bringing in $1.43 billion in revenues as demand grew in Germany, Sweden, Japan and China, the Wine Institute said Thursday.
Revamped historic Czech breweries get back on tap
Feb 20, 2013 02:55 EST
Rising from the ashes after closure or near-collapse, historic Czech breweries are getting back on tap with new owners seeking to tickle the taste buds of the world's greatest beer lovers with exotic new flavours.
Angelina Jolie and Brad Pitt to launch rose wine
Feb 19, 2013 10:47 EST
Hollywood stars Angelina Jolie and Brad Pitt have become the latest celebrities to turn their hand to winemaking with the launch next month of their own rose wine.
Carlsberg posts profit rise, looks to Asia for growth
Feb 18, 2013 11:20 EST
Danish brewer Carlsberg posted a rise in annual profit on Monday and said it would look to Asia for future growth as European consumers cut back on spending amid economic uncertainty.
Argentina's wine industry savors progress, still struggles
Feb 16, 2013 18:30 EST
Argentina has built up a world-class wine industry, luring a flood of wine tourists, but boosting the quality quotient is still keeping its winemakers hard at work.
3G Capital's meal now served with ketchup and fries
Feb 14, 2013 16:14 EST
Brazilian-backed investment fund 3G Capital, which joined Warren Buffett's Berkshire Hathaway in the $28 billion deal to take over ketchup-maker Heinz, started out with beer.
Japan's Asahi sues over New Zealand firm purchase
Feb 13, 2013 22:06 EST
Japanese brewing giant Asahi launched legal action in Australia Thursday alleging it fell victim to "deceptive and misleading conduct" when it bought New Zealand's Independent Liquor in 2011.
US stocks slump amid eurozone worries
Feb 04, 2013 16:56 EST
US stocks closed sharply lower Monday as signs of political instability in Italy and Spain renewed worries about the the eurozone's long-running public debt crisis.
Dow closes above 14,000 for first time since 2007
Feb 01, 2013 17:40 EST
US stocks rallied sharply Friday, with the Dow industrials closing above 14,000 for the first time since October 2007 following a positive US jobs report.
US sues to block $20 bn AB InBev takeover of Modelo
Jan 31, 2013 17:14 EST
US antitrust authorities sued Thursday to block the $20.1 billion takeover of Mexican brewer Grupo Modelo by Belgian-US giant Anheuser-Busch InBev, saying the combined firm would have too much power over the US beer market.
Dow Chemical, Research in Motion lead US stocks lower
Jan 31, 2013 17:01 EST
US stocks finished lower Thursday, with BlackBerry maker Research in Motion losing 5.8 percent after launching a new operating system and Dow Chemical sagging nearly 7 percent on a quarterly loss.
Guinness maker Diageo says interim profits up 61%
Jan 31, 2013 05:50 EST
Diageo, the world's biggest producer of alcoholic drinks, said on Thursday that net profits soared 61 percent in the first half of its financial year, boosted by strong sales in emerging markets and the United States.
New Zealand's 'upstart' pinot noir thrives
Jan 30, 2013 22:53 EST
New Zealand actor Sam Neill has a faraway look as he recounts his first glass of fine Burgundy wine 34 years ago -- an epiphany that inspired him to become a pioneer of French-style pinot noir in his homeland.
Thai tycoon takes majority control of Singapore's F&N
Jan 30, 2013 12:19 EST
A Thai tycoon has clinched majority control of Singapore conglomerate Fraser and Neave (F&N), making his offer to fully takeover the company unconditional.
Wine making takes root in long-isolated Myanmar
Jan 29, 2013 01:36 EST
Myanmar may be best known for its decades of junta rule, but behind the bamboo curtain maverick entrepreneurs have toiled for years to put the nation on the map for the quality of its wine.
Wine making takes root in long-isolated Myanmar
Jan 28, 2013 23:13 EST
Myanmar may be best known for its decades of junta rule, but behind the bamboo curtain maverick entrepreneurs have toiled for years to put the nation on the map for the quality of its wine.
