Molson Coors Hauls in European Brewer StarBev for $3.5B
With its eye on European expansion, Molson Coors said it will buy brewer StarBev from private equity fund CVC Capital Partners for about $3.52 billion.
Dow Chemical to Axe 900 Jobs, Close 4 Plants
Dow Chemical plans to close four plants and lay off 900 workers to cut annual costs by $250 million.
Avon Rejects $10 Billion Takeover Bid from Coty
Avon Products rebuffed a $10 billion buyout bid from Coty saying the offer 'substantially undervalues' the direct seller of cosmetics and is 'opportunistically' timed.
In the Shadow of Mad Cow Case, U.S. Beef Exports Unfazed
For meat exporter James Geller, it's just business as usual one day after the first case of mad cow disease in six years was confirmed in the U.S.
Acquistions Help Fuel 29% Jump in 1Q Net at Caterpillar
Economic bellwether Caterpillar generated a stronger-than-expected 29% leap in first-quarter profits as the world’s largest maker of construction equipment capitalized on new acquisitions and strong demand.
Boeing 1Q Results Fly Past Expectations
The world's largest aerospace and defense company reported a higher first-quarter profit and lifted its earnings forecast for the year.
Mad Cow Found in U.S.; Authorities Say No Risk to Humans
U.S. authorities reported the country's first case of mad cow disease in six years, but assured that the finding posed 'no risk to the food supply or to human health.'
United Tech Beats Street on Profit, Misses on Sales
United Technologies posted a first-quarter profit that beat expectations on strong demand for residential heating and cooling systems. However, the blue-chip manufacturer's revenue came in short of forecasts.
Hershey Posts Higher 1Q Profit, Sweetens Full-Year Outlook
Price increases gave Hershey a boost in the first quarter and the chocolate maker raised its full-year view.
ConAgra 3Q Beats as Prices, Demand Trump Inflation
The maker of Hebrew National hot dogs, ConAgra revealed stronger third-quarter earnings on Wednesday.
FedEx 3Q Profit Tops Street View, Revenue Slightly Short
FedEx posted a fiscal third-quarter profit of $1.55 a share, excluding items, on sales of $10.56 billion. Analysts expected the global shipping company to earn $1.35 a share on $10.6 billion.
Steel Dynamics Warns of Big 1Q Miss
Following in the footsteps of another steelmaker, Steel Dynamics warned Wall Street on Friday it expects to generate first-quarter earnings that will miss analysts’ expectations due to a surprise shrinkage in margins.
Coke, Pepsi to Change Caramel Coloring Ingredient
Coca-Cola and PepsiCo are making changes to the production of an ingredient in their sodas to avoid the need to label the packages with a cancer warning.
Fully Caffeinated Professor Dreams Up Business
David Edwards is the man behind Aeroshot, a controversial caffeine product that has gotten Congressional attention.
A Not-So-Happy Month: McDonald's Sales Miss in February
McDonald's global same-store sales rose by 7.5% in February, missing estimates, on weakness in Europe and other overseas markets.
Allen Stanford Found Guilty on 13 of 14 Charges
A federal jury found Allen Stanford guilty in 13 of 14 charges in a $7 billion Ponzi scheme. He was found not guilty on one charge of wire fraud.
Jack Daniel's Maker to Hike Prices
Brown-Forman Corp., the parent of Jack Daniel's, Finlandia vodka and Southern Comfort, reported a weaker-than-expected quarterly profit and said the time was becoming right for price increases.
Kraft's New Snack Business to be Called 'Mondelez'
Kraft said Wednesday that its new international snack business would be called Mondelez International once it splits it from the company's North American grocery business later this year.
General Mills Profit Softens in 3Q
The maker of Cheerios cereal and Progresso soups posted a slight decline in quarterly profit and stood by its lowered full-year forecast as it faces higher materials costs.
Caterpillar Boosts Excavator Capacity in China by 80%
Caterpillar is expanding its flagship manufacturing plant in China that when completed in 2016 will boost production of hydraulic excavators by another 80%.














