4 Consumer Stock Stories To Enhance Weekend Investment Shopping
Anheuser-Busch InBev (NYSE:BUD): Closing price $91.66
The Mexican divisions of Anheuser-Busch and Heineken NV must limit the exclusive distribution deals they sign with small retailers who sell their beer at 20 percent or pay fines, according to the antitrust regulator there. Barclays Plc says that the brewers control 98 percent of the Mexican beer market, and formed an agreement with that country’s Federal Competition Commission, after a three-year inquiry prompted by SABMiller Plc. However, the new arrangement excludes big convenience-store chains like Oxxo.
US Airways Group, Inc. (NYSE:LCC): Closing price $17.56
On Friday, US Airways shareholders overwhelmingly okayed a proposed merger with American Airlines, taking the companies a step closer to forming the world’s largest airline. The primary hurdle remaining is a review by antitrust regulators at the Department of Justice, where worries have been raised regarding the merger’s impact on airfares, along with the combined airline’s potential dominance at Reagan National Airport.
Darden Restaurants, Inc. (NYSE:DRI): Closing price $50.43
Darden has signed area development accords with two multi-brand restaurant operators in Latin America: Grupo Piramide will develop Darden’s Red Lobster, Olive Garden and LongHorn Steakhouse brands in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica, while Dosil S.A. will do the same with the concepts in Peru. Both of the new franchisees are already operating other American casual dining and quick service restaurants.
Sony Corporation (NYSE:SNE): Closing price $22.19
Sony Pictures Television Networks will debut two versions of its AXN branded pay-TV channel in Central Europe, with the intros scheduled for October. The two channels, AXN White and AXN Black, will provide local-language programming to audiences throughout the region, so as to cover Hungary, Poland, Romania, Bulgaria, the Czech Republic and Slovakia. The channels will supplant AXN Sci-Fi and AXN Crime in Central Europe. Beyond that, Sony will still operate its flagship AXN channel, animation network Animax, and AXN Spin in the region.
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