Headlines

Beverage World presents the latest news from across the worldwide beverage market.

Constellation's Shares Soar on Revised Beer Deal

Shares of Constellation Brands soared on investor hopes that a $20.1 billion tie-up between beer giants Anheuser-Bush InBev and Grupo Modelo will gain approval from U.S. regulators after the companies revised deal terms. That would mean a lucrative side deal with Constellation, giving the wine and liquor company total control of the production of Corona and other Modelo beers sold in the U.S. (WSJ/AP)

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At University of Vermont, No Admission for Bottled Water

On the University of Vermont campus, where nature seems to beckon from everywhere, bottled water has been unceremoniously lumped with the likes of sugar-laced Twinkies. It’s not that water is bad for us; it’s that water bottles, from manufacture to disposal, are bad for the environment, activists say. (The Boston Globe)

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PepsiCo 4Q Results Top Wall Street's Expectations

PepsiCo's net income rose 17 percent in the fourth quarter as it raised prices and sold more of its snacks and drinks around the world. The company's earnings and revenue beat analysts' estimates. It also provided an annual earnings outlook in line with Wall Street expectations and raised its quarterly dividend by 5.6 percent. (WSJ)

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California Voters Would Support Soda Tax

Nearly 70% of California voters say taxing sugar-sweetened beverages is a good idea if the money goes to school nutrition and physical activity programs, according to a Field Poll released Thursday. (Los Angeles Times)

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