International Business News - FO http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Constellation Brands Inc. said Thursday it lost nearly $23 million in its fiscal second quarter as strong sales of vodka and high-end wines were more than offset by charges to shrink its operations in Australia. Its shares fell nearly 9 percent. http://www.ibtimes.com/articles/20081002/winemaker-constellation-brands-loses-23m.htm Thu, 02 Oct 2008 16:54:35 EDT Distiller Fortune Brands Inc. said Tuesday that Chief Executive Bruce Carbonari will take the chairman title as Norm Wesley retires, effective Oct. 1. http://www.ibtimes.com/articles/20080930/fortune-brands-names-new-chairman.htm Tue, 30 Sep 2008 08:42:46 EDT Shares of the nation's beer and spirits makers fell Monday as Wall Street tumbled on news that lawmakers rejected a proposed $700 billion bailout plan for the financial industry. http://www.ibtimes.com/articles/20080929/sector-wrap-beer-spirits-shares-fall-with-market.htm Mon, 29 Sep 2008 16:16:55 EDT Fortune Brands Inc. is now positioned to focus on its U.S. portfolio, following a $230 million cash payment from Pernod Ricard and its purchase of the Cruzan rum brand from its former partner, an analyst said Friday. http://www.ibtimes.com/articles/20080829/ahead-of-the-bell-fortune-brands.htm Fri, 29 Aug 2008 09:25:42 EDT French wine and spirits company Pernod Ricard said Thursday that it will stop distribution with Future Brands Inc. of Absolut and other Vin & Spirit brands in the U.S. in October--earlier than anticipated. http://www.ibtimes.com/articles/20080828/fortune-brands-buys-cruzan-rum-brand-from-pernod.htm Thu, 28 Aug 2008 19:08:40 EDT Distiller Fortune Brands Inc. will restructure its board of directors so members are elected annually. The Deerfield-based maker of Jim Bean whiskey, home and hardware products and golf equipment said Tuesday that it would seek shareholder approval to change the election process during its 2009 annual meeting. http://www.ibtimes.com/articles/20080729/fortune-brands-to-alter-board-elections.htm Tue, 29 Jul 2008 18:37:56 EDT Among the earnings stories for Friday, July 25, from AP Financial News: BALTIMORE (AP)--Investment management firm T. Rowe Price Group Inc. on Friday reported flat second-quarter earnings as expense growth offset gains from fees and other revenue, but per-share earnings rose as the company reduced its number of outstanding shares. http://www.ibtimes.com/articles/20080725/earnings-roundup-t-rowe-price-fortune-brands.htm Fri, 25 Jul 2008 12:50:35 EDT Among the earnings projection stories for Friday, July 25, from AP Financial News: DEERFIELD, Ill. (AP)--Wine and spirits maker Fortune Brands Inc., which also sells home and hardware products and golf equipment, said it expects third-quarter profit to decline amid a difficult consumer environment in the U.S. http://www.ibtimes.com/articles/20080725/outlook-roundup-fortune-brands-coventry.htm Fri, 25 Jul 2008 10:55:53 EDT Wine and spirits maker Fortune Brands Inc., which also sells home and hardware products and golf equipment, said Friday it will raise its quarterly dividend by 8 cents to an annual rate of $1.76, or 44 cents per quarter. http://www.ibtimes.com/articles/20080725/fortune-brands-raises-dividend.htm Fri, 25 Jul 2008 09:24:18 EDT Wine and spirits maker Fortune Brands Inc., which also sells home and hardware products and golf equipment, said it expects third-quarter profit to decline amid a difficult consumer environment in the U.S. http://www.ibtimes.com/articles/20080725/fortune-brands-expects-3q-profit-to-fall.htm Fri, 25 Jul 2008 09:11:55 EDT Distiller Fortune Brands Inc. said Friday its second-quarter profit fell 41 percent amid a weak U.S. economic environment and higher commodity costs, but the results still topped Wall Street forecasts. http://www.ibtimes.com/articles/20080725/fortune-brands-2q-profit-falls-on-items-costs.htm Fri, 25 Jul 2008 11:24:55 EDT Distiller Fortune Brands Inc. will report its second-quarter earnings on Friday and investors will be watching to see just how much the slowdown in consumer spending will affect the maker of Jim Beam whiskey. http://www.ibtimes.com/articles/20080724/on-the-watch-fortune-brands.htm Thu, 24 Jul 2008 10:00:18 EDT French wine and spirits company Pernod Ricard will stop distributing Stolichnaya vodka as part of an agreement with federal authorities related to its takeover of the Swedish maker of another top selling vodka, Absolut. http://www.ibtimes.com/articles/20080717/ftc-forces-pernod-ricard-to-drop-stolichnaya.htm Thu, 17 Jul 2008 17:27:14 EDT To Wild Turkey master distiller Jimmy Russell, the piercing sounds of a warehouse rising in the Kentucky countryside are the sounds of prosperity. "As long as you see work going on--and the construction, and increasing your size--you know your business is doing well," said Russell, who started working for the bourbon maker in 1954. http://www.ibtimes.com/articles/20080703/bourbon-producers-see-amber-colored-future.htm Thu, 03 Jul 2008 18:03:34 EDT Shares of liquor companies were mixed Wednesday after UBS analysts cut their rating on shares of spirits producers Diageo PLC and Brown-Forman Inc. due to slower spending and higher commodity costs. http://www.ibtimes.com/articles/20080702/sector-snap-liquor-producers-mixed.htm Wed, 02 Jul 2008 13:44:23 EDT Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080701/ford-constellation-apple-among-big-movers.htm Tue, 01 Jul 2008 16:53:50 EDT The Standard & Poor's 500 declined in midday trading on Tuesday, with the biggest fall taken by shares of Fortune Brands Inc., after the company lowered its outlook. http://www.ibtimes.com/articles/20080701/midday-leaders-laggards-s-p-500.htm Tue, 01 Jul 2008 12:24:05 EDT Among the premarket stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Shares of Fortune Brands Inc. fell sharply in premarket electronic trading Tuesday after the maker of spirits and home products cut its second-quarter outlook. http://www.ibtimes.com/data/articleimgs/130873-wendys-triarc.jpg http://www.ibtimes.com/articles/20080701/premarket-roundup-fortune-brands-altera-xilinx.htm http://www.ibtimes.com/articles/20080701/premarket-roundup-fortune-brands-altera-xilinx.htm Tue, 01 Jul 2008 09:40:34 EDT Shares of Fortune Brands Inc. fell sharply Tuesday after the maker of spirits and home products cut its second-quarter outlook. The stock fell $5.87, or 9.4 percent, to $56.54 in morning trading after touching a five-year low of $51.59 earlier in the session. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-fortune-brands-dips-premarket.htm Tue, 01 Jul 2008 10:13:15 EDT Financial stocks sagged in premarket trading Tuesday, as the first day of trading in the second half appears headed in the same direction that nearly led to a bear market over the first six months of the year. http://www.ibtimes.com/articles/20080701/premarket-movers-financial-stocks-head-lower.htm Tue, 01 Jul 2008 09:23:27 EDT