SABMiller shares surged to an all-time high on hopes that a long-rumored takeover bid by the world's largest brewer Anheuser-Busch InBev may be getting closer. SABMiller shares first rose 5 percent on news its bid for Heineken, seen by some as a tactic to fend off AB InBev, had been rebuffed. SABMiller then leapt after a report that AB InBev was talking to bankers about funding a takeover.
The Daily Brew
Lessons learned from the makers of Budweiser and Miller Lite are helping to make sure your craft beer tastes the same from pint to pint. Craft brewers increasingly are turning to employees of much larger shops like Anheuser-Busch and MillerCoors to tap their experience in creating beer with a consistent flavor and quality time after time on a large scale.
The Veteran Beer Company has partnered with Triangle Distributing to distribute their beers into the Green Bay, Wisconsin, market. "I've been doing this a long time and I can tell you I've never experienced a product launch like this. We literally have retailers calling us asking to sell them Veteran Beer," said Jim Demeny, Triangle Distributing's general manager.
Brewbound.com highlights the latest partnerships in the beer distribution industry. Saugatuck Brewing, Finch's Beer and Rogness Brewing have all entered into new distribution partnerships.
The Fed has been holding down the federal funds rate near zero since the financial crisis, but a strengthening economy has lead to speculation that it will raise rates sooner than later. Most analysts predict the first rate hike will occur next summer.
Are you a college football fan? Draft Magazine highlights the best Big Ten beer towns.
Seasonal gas prices in the U.S. are at their lowest level in four years and are expected to continue falling as the summer driving season draws to a close and as demand at the pump wanes. Prices are still elevated above their pre-recession levels, and while falling prices short-term might make Americans feel better about their finances, the lower dollar amount of gas this fall likely won’t result in a surge in household spending, which makes up the biggest part of the economy. Economists say it's the eventual hike in wages that'll help grease the wheels on consumer spending.