Sazerac Prepares $15 Billion Cash Offer for Maker of Jack Daniel’s
The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption. Source link
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Mississippi Liquor Stores Run Dry Amid State Distribution Delays
The state liquor agency has been struggling to make timely deliveries to restaurants, bars and liquor stores since it got rid of outdated conveyor belts at a warehouse in January. Source link
Stocks Extend Rally as Tensions Ease Over War in Iran
The S&P 500’s rise on Friday caps a striking three-week streak, powered by investors’ optimism about the reopening of the Strait of Hormuz and strong corporate earnings. Source link
Hundreds of Fake Pro-Trump Avatars Emerge on Social Media
The artificial-intelligence-generated fake influencers have surged on TikTok, Instagram, Facebook and YouTube in an apparent bid to hook conservative voters. Source link
US cos wary of Trump’s fresh tariff plan under 301
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of…
Mark Mobius, Pioneering Investor in Emerging Markets, Dies at 89
Gaining a reputation as the brilliant, risk-taking “Indiana Jones” of his field, he encouraged investors to take chances on Asia, Africa, Latin America and Eastern Europe. Source link
As IPOs lose steam, investors cash in on secondary deals
Mumbai: Secondary deals are picking up pace as investors are looking at ways to exit their investments and get liquidity amid cooling of the IPO market on the back of war-driven volatility. “Globally, investment committees are postponing decisions, leading to funding delays. The secondaries market has picked up and we will see a lot more…
Trump Seeks More Time in Lawsuit Against I.R.S, Over His Tax Returns
The Justice Department has not responded to the president’s suit, which has created a conflict of interest for the government’s lawyers. Source link
Foreign exchange reserves touch $700 billion mark again; kitty rises $3.83 billion
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,…
Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal. Source link