Mexico's Modelo says sale to AB InBev will not close in first quarter
MEXICO CITY (Reuters) - Mexican brewer Modelo said on Thursday that Anheuser-Busch Inbev informed the company it will fight the U.S. Justice Department's lawsuit seeking to stop the Belgian-based brewer (ABI.BR) from buying the half of Modelo that it does not already own.
Grupo Modelo (GMODELOC.MX) no longer expects the deal to be completed in the first quarter, the company said in a statement to Mexico's stock exchange.
The Mexican brewer added that it has no further comment on the U.S. Justice Department's announcement.
(Reporting by Gabriel Stargardter)
- A top Federal Reserve official who is sometimes seen as a bellwether for U.S. monetary policy on Monday offered his voice to a growing contingent at the central bank that has argued for reducing the Fed's bond buying at a meeting next week.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.