A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.
The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.
Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.
We pick up our original post here:
Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.
Now here's a change. Earlier this year, the worst drought conditions seen in the Midwest in decades threatened to close the Mississippi River to barge traffic. Now, communities along the river in Missouri and Illinois are bracing for flooding.
St. Louis Public Radio Maria Altman reports.
MARIA ALTMAN, BYLINE: The threat of flooding on the Mississippi River came on quickly after last week's storms dumped rain across the Midwest. The town of Clarksville, Missouri didn't even have time to erect its metal flood wall.
Originally published on Tue April 23, 2013 7:07 am
The Senate voted Monday to advance a bill that would allow states to force online retailers to collect state and local sales taxes. Currently, states can only require brick and mortar stores to collect the sales tax. This greatly benefits online shoppers, who save by not paying the tax.
Originally published on Tue April 23, 2013 5:34 am
Credit Courtesy of Josh Bletchely
Portland and Seattle may take coffee very seriously, but San Diego can boast a newspaper devoted entirely to coffeeshops and all the news that's fit to print about them. John Rippo is the publisher of The Espresso, and he's convinced that coffeeshops are the place to catch juicy moments of the human experience, as they happen.
Inspired by European periodicals written for the cafe intelligentsia, Rippo curates local news in his monthly paper to inspire his fellow San Diego residents to social or political action.