Economy leaves mixed spirits for drink companies
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Tough financial times call for tough decisions ... or maybe just an extra drink or two.
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The coffee company's music label adds some less standard fare.
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Limited Brands is cutting loose the brands that are dragging it down.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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The brewery, struggling with domestic weakness, falls short of its earnings target.
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Coca-Cola says earnings for the rest of 2004 will lag current Wall Street expectations because of weakness in key markets, further highlighting the divergent fortunes of the world&#39;s largest soft drink maker and its top rival PepsiCo.
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Cadbury Schweppes Plc, the maker of 7Up and Dr Pepper, said 2004 earnings will be at the low end of forecasts as demand in the US and Europe stagnates, days after Coca-Cola Co.
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Irish smokers and drinkers fond of a  local pint had some of the chill taken out of their winter  after a national budget that left tax on alcohol and cigarettes  unchanged and cut duties for small breweries.
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While some investors will eye   unemployment and gross domestic product figures for economic   guidance this week, others will look no further than their   nearest coffee shop for another particularly timely indicator:   Frappuccino sales.
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Globalization and low taxes have created a golden age of inexpensive wine and liquor, but cheap booze comes at a heavy societal cost.
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Profits at Foster's, Australia's biggest wine and beer company, tumble after a wine glut in the US led to lower prices.
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The Limited has decided to focus on its core brands, and the results so far are mixed.
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Some of the fizz is gone from the proposed merger between Molson and Golden, Colo.-based Adolph Coors Co. Molson has had trouble convincing institutional shareholders the Coors deal
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Manufacturers saw their fledgling recovery stumble in July on sharp declines in the production of beer and medicines, figures showed today.
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Wall Street stocks were mixed yesterday, having pared early losses, after a big fall in profits at Bank of America (NYSE:BAC) added to woes in the financial sector and weighed on investor confidence.
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Supermarkets are taking business from pubs and the cost of fighting back with price cuts is hitting sales and profits, JD Wetherspoon says.
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ATLANTA -- Anheuser-Busch Cos. was dethroned as the King of Beers as US drinkers switched to imports. The brewer's best shot at regaining the crown rests on distributing those rivals' beers in its home market.