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Kirin seeks 43 percent stake in San Miguel beer unit

Posted by admin | News | Posted on January 19th, 2009

The News Review:

- Kirin seeks 43 percent stake in San Miguel beer unit
- Recession-proof? Beer sales falling with economy
- Chicken beer dispute leads to charges
- The Bushies Stole Us Blind … So How’d You Like Your Beer?

Kirin seeks 43 percent stake in San Miguel beer unit
Reuters 
T) said it plans to buy a 43 percent stake in the beer unit of Philippine conglomerate San Miguel Corp (SMC. PS) in a deal that could cost over $1.
Related from Managementmonster: Switzerland: Credit Suisse to Sell Stake

Recession-proof? Beer sales falling with economy
Bloomington Pantagraph  USA 
SABMiller PLC the London-based brewer of Grolsch Miller Genuine Draft and Peroni Nastro Azzurro lagers said on Thursday its beer shipments fell unexpectedly in the third quarter as consumers pulled back on their demand. Beer usually holds up better than other categories during tough economic times said Benj Steinman editor of trade publication Beer Marketer?s Insights and that trend had been holding true during this recession for some segments of the industry. But the latest figures show the market is trending downward perhaps accelerating as global economies continue to sputter and relief seems uncertain. Beer is ?recession-resistant not recession-proof? Steinman said.

Chicken beer dispute leads to charges
Rutland Herald VT 
ogorman@rutlandherald. Carrier 23 pleaded innocent Jan. 9 in White River Junction District Court to a misdemeanor charge of simple assault. Carrier had been held at Southern State Correctional facility on $1000 bail but after pleading innocent he was released without posting bail on conditions he neither contact nor harass his alleged victim.

The Bushies Stole Us Blind … So How’d You Like Your Beer?
AlterNet CA 
The insane adventure in national suicide known as the Bush administration is at last coming to an end. This was a ride that beggars belief. Even after McCarthy and Nixon and Reagan and Gingrich nothing prepared us for the last eight years and I for one have difficulty finding the words that could begin to do justice to describing this historical folly of epic proportions. The list of self-inflicted wounds is endless: running from the fiscal irresponsibility the lies about war the incompetent execution of every policy the extreme recklessness of environmental catastrophe the economic meltdown and turning one of the most admired countries in the world into one of the most reviled. It is a breathtaking record.