Markets

SABMiller Board Backs AB InBev's Higher Offer

SABMiller PLC's board on Friday recommended that shareholders approve Anheuser-Busch InBev NV's increased offer of GBP45 a share, bringing an end to several turbulent weeks that jeopardized a more than $100 billion combination of the world's largest brewers.

Did WESCO International Just Raise Guidance?

If there's been one recurring theme in the current earnings season it's that the usual suspects -- heavy machinery, oil and gas, metals and mining -- have been weaker than expected, but other areas of the general industrial activity have stabilized.