February 6, 2002 |
Brewing king Anheuser-Busch Cos. and rum importer Bacardi U.S.A. on Tuesday jumped into the fast-growing market for ''malternative'' beverages, a small but fast-moving category that promises to put the fizz back into relatively flat beer sales. The new Bacardi Silver brand will compete against segment leader Smirnoff Ice, Mike's Hard Lemonade and other malt-alternative beverages pushing for space in bars and restaurants and on retailers' shelves.
October 26, 2000 |
Chemical giant DuPont Co. said Wednesday that third-quarter operating earnings fell 14% because of surging raw material costs and the weak euro. It said those same problems could hurt it over the remainder of the year. DuPont said operating earnings declined to $537 million, or 51 cents a share, from $625 million, or 59 cents, a year earlier. Consolidated revenue was flat at $6.4 billion.
CALIFORNIA | LOCAL
August 24, 2000
The building occupied by the company that makes the fugitive chickens in Foster Farms advertisements and the chorus of frogs in Budweiser commercials was gutted by fire that raged for more than an hour Wednesday morning. More than 80 firefighters battled the 7:45 a.m. blaze, which was fueled by chemicals in the building in the 9300 block of Owensmouth Avenue. "There was someone inside using a cutting torch and we are looking to see whether that caused the fire," fire Capt. Steve Ruda said.
CALIFORNIA | LOCAL
May 5, 2000 |
Alarmed that the real meaning of Cinco de Mayo has been lost in a blizzard of beer promotions, a band of protesters on Thursday declared their intent to reclaim the holiday from alcohol companies and other commercial interests. At a sidewalk demonstration outside the Hollywood offices of KLVE-FM radio, the group pushed for alcohol-free celebrations and called on county officials to withdraw the Spanish-language station's permit to stage the Budweiser Cinco de Mayo Fest.
February 15, 2000 |
Anheuser-Busch Cos. (ticker symbol: BUD) said it was surprised by a drop in its stock price to a 14-month low Monday, and vowed to use the weakness to repurchase an unspecified number of its shares. "Anheuser-Busch's sales and earnings outlook is very positive, and we are enjoying the most favorable domestic beer industry fundamentals in over a decade," the St. Louis-based brewer told Reuters. Stock in the world's leading brewer, whose brands include Budweiser and Michelob, slumped $2.
September 3, 1999 |
Anheuser-Busch Cos., the world's largest brewer, said it recalled 5.8 million twist-off bottles of Budweiser in 12 European countries, adding to a summer of food and drink health scares across Europe. Pieces of glass could break off from the misshapen rims of bottles improperly made at plants in Spain and Portugal, although the beer inside is fine, St. Louis-based Anheuser-Busch said. Reminiscent of a massive June recall of soft drinks by Coca-Cola Co.
June 25, 1999 |
Anheuser-Busch Cos., the nation's largest brewer, reached a tentative agreement on a five-year contract with the Teamsters after nearly two years of bitter negotiations. Under terms of the agreement with about 8,000 workers, wages will rise by about 13% and the St. Louis-based company will keep open its 12 breweries. "The most important issue was job security and that's what we've been able to achieve with this settlement," said Chip Roth, a Teamsters spokesman.
May 13, 1999 |
Advertiser: Anheuser-Busch Cos. Agency: Open Minds, Laguna Beach Challenge: Portray mass-market Budweiser as a hip, desirable brand. The Ad: After spying a sign offering a Budweiser for a lost Dalmatian, a man paints black spots on his white toy poodle to get the reward. About two dozen other guys have the same idea, and attempt to use their white dogs with painted spots to collect a Bud.
October 17, 1998 |
The Justice Department has closed its antitrust investigation of Anheuser-Busch Cos. and will take no action against the world's largest brewer. Government lawyers were questioning whether the company unfairly thwarted small competitors through its program of giving cash incentives to distributors who favor Anheuser-Busch products. St. Louis-based Anheuser-Busch still faces a private suit by a group of microbrewers.
September 22, 1998 |
The Teamsters union filed new complaints against Anheuser-Busch Cos. with the National Labor Relations Board and said it will challenge plans by the beer maker to start operating under its most recent contract offer. The Teamsters, representing more than 8,000, or about a third, of Anheuser-Busch's employees, said the company refuses to put proposals in writing and has stopped allowing union members to pay dues through payroll deduction.