AB InBev makes $104 billion bid for rival brewer SABMiller

BRUSSELS - Anheuser-Busch InBev , the world's largest brewer, launched an improved offer for SABMiller on Wednesday, offering just over 68 billion pounds ($104 billion) for its largest rival to extend its reach into Africa and other markets.

Recent Business News

Airbus CEO Bregier says deliveries on target

TOULOUSE, France - Airbus is on track to meet its delivery targets this year despite delays at cabin suppliers, Fabrice Bregier, head of the European planemaker, told reporters on Wednesday.

5:28am EDT

Vodafone goes back to basics after failed Liberty deal

LONDON - With a $120 billion merger with Liberty Global off the table, Vodafone boss Vittorio Colao needs his strategy of higher network investments and acquisitions of European cable companies to start paying off, quickly.

3:05am EDT

Diageo sells stakes in two brewers to Heineken for $780.5 million

- Diageo Plc , the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd and GAPL Pte Ltd, the majority owner of Malaysia's Guinness Anchor Berhad , to Heineken NV for $780.5 million.

4:58am EDT

Renault-Nissan discuss new structure to counter French control: Nikkei

TOKYO - Renault SA and Nissan Motor Co have entered discussions to reorganize their capital alliance structure in a bid to water down Paris's control of the French automaker, the Nikkei business daily reported on Wednesday.

3:00am EDT

Nokia's bosses to dominate leadership team after Alcatel deal

HELSINKI - Finnish network equipment maker Nokia said on Wednesday its executives would dominate the new leadership team once it completes its proposed acquisition of Alcatel-Lucent.

3:13am EDT


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