Anheuser-Busch reports sales; shares rise
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Anheuser-Busch Cos Inc  on Monday reported fourth-quarter sales that were better than some analysts expected, helped by the addition of foreign brands to its portfolio, sending its shares up 4 percent.
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The nationâs largest brewer posted a 11 percent rise in profit as it sold more beer at higher prices.
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InBev, which brews Beckâs, Brahma and Stella Artois, said its profit surged 27 percent in the second quarter as it sold more beer in Latin America, Russia and Asia.
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Shareholders gave their blessing on Friday for Belgium&#39;s Interbrew to buy Brazil&#39;s AmBev (ABV) in a deal valued at about 8 billion euros
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Belgium's Interbrew, which acquired  AmBev to create the world's biggest brewer, reiterated on  Thursday its higher volume and profit targets for 2004 as  demand began to recover from a weak summer.
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Anheuser-Busch Cos. Inc. , brewer of Budweiser and Bud Light, said on Tuesday it expects revenue per barrel to rise in 2007, with price increases planned for early next year.
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SABMiller, the brewing company, said Thursday that its first-half profits rose 28 percent compared with the first half of the previous year.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks moved higher late in the session on Thursday after Procter &amp; Gamble (NYSE: PG) released a positive forecast for sales and profits.
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Molson Coors Brewing Co.   on Thursday reported that quarterly profit quadrupled, trouncing expectations, on higher pricing and volume growth, sending its shares up as much as 6.6 percent.
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Britain-based brewer SABMiller reported strong third quarter sales and toasted a rise in market share for its US brand Miller despite tough trading conditions.
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Dutch brewer Heineken NV reported a   14 percent rise in first-half operating profit, beating   forecasts, after strong sales growth in the Americas and   eastern Europe.
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Belgium's Interbrew, which acquired AmBev to create the world's biggest brewer, reiterated on Thursday its higher volume and profit targets for 2004 as demand began to recover from a weak summer.
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Beer giant Anheuser-Busch Cos. Inc. continues to grow its international business, reaching a cooperation agreement with the largest brewer in Vietnam.
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Anheuser-Busch Cos. on Tuesday reaffirmed its outlook for earnings per share growth for both 2004 and 2005. In a presentation to investors and analysts, management said the company expects earnings per share
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Anheuser-Busch (BUD:NYSE - news - research) guzzled higher third-quarter profits thanks to a foreign acquisition and some price increases.
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PepsiCo Inc. PEP.N on Thursday said   quarterly profit rose a better-than-expected 14 percent,   boosted by noncarbonated beverages including Gatorade sports   drinks and Aquafina water and strong growth in international   markets such as Russia and China.
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Anheuser-Busch Cos. Inc. , the largest U.S. brewer, said on Thursday it formed an equally owned joint venture with India's Crown Beers to brew, market and sell Budweiser and other beer brands in India, where incomes and the market for alcoholic drinks are growing.