AB InBev Fears Slowdown in 2010
Submitted by Sarabjit Heera on Thu, 03/04/2010 - 19:42Falling short of the analysts' estimations, Anheuser-Busch InBev NV fears a sloth in its growth in the first-half of the year.
Its pre-tax earnings surged to $3.11 billion from $2.81 billion during the previous year, in the fourth quarter of 2009.
Belgium Coma Recovery Story Fetches a Correction
Submitted by Jason Ramsey on Mon, 02/22/2010 - 19:03After spending more than two decades in a coma, Rom Houben, a Belgian man in his mid-forties, was suddenly able to communicate, news reports posted last November.
Improved Q3 Earnings Posted by KBC and Dexia, Await EU Approval on Restructuring Plans
Submitted by Dominic Haber on Fri, 11/13/2009 - 21:20KBC and Dexia, Belgian and Franco-Belgian establishments respectively, posted a substantial improvement in their third-quarter earnings, while expressing even more optimism about their restructuring plans which are presently under EU scrutiny and await approval from the organization.
Theme Parks to be sold by AB InBev for Up To $2.7 Bln
Submitted by Medha Sood on Thu, 10/08/2009 - 21:02An announcement made Wednesday by Belgian brewer Anheuser-Busch InBev claims that private-equity firm Blackstone Group is to acquire AB InBev’s theme parks business for a sum of up to $2.7 billion.
Abbott close to deal to buy Belgian drug unit
Submitted by Aaron Ross on Mon, 09/28/2009 - 06:07American drug producer Abbott Laboratories is reportedly close to an agreement to buy Belgium drugs conglomerate Solvay SA's pharmaceutical unit in a deal worth around $7 billion.
Under the deal, apart from acquiring exclusive rights to Trilipix, which is a new cholesterol cure, Abbott will obtain exclusive possession rights of the TriCor cholesterol pill.
U.S. senator promises look into cellphone-cancer link
Submitted by Amit Pathania on Tue, 09/15/2009 - 11:24Tom Harkin, the newly appointed Iowa senator, empowered to investigate health matters as chairman of the Senate Health, Education, Labor and Pensions Committee, promised to investigate deep into any connection between cellphone use and cancer.
Assured Guaranty offers $400 million in common shares, $150 million in equity units
Submitted by Dominic Haber on Tue, 06/16/2009 - 17:29In a projected move to augment its finances for the acquisition of US insurer Financial Security Assurance Holdings Ltd (FSAH), Assured Guaranty Ltd. has announced a public offering of $400 million of its common shares and nearly $150 million of its equity units.
WHO pushes for pictorial warnings on tobacco product packages
Submitted by Amit Pathania on Sat, 05/30/2009 - 07:29A couple of days ahead of the ‘World No Tobacco Day’ on Sunday, the World Health Organization in Belgium has pushed for the governments’ contribution to the worldwide crusade against tobacco by ensuring that tobacco product packages carry the mandatory pictorial warnings conveying the adverse effects of its use.
Snap poll no answer to Belgian political crisis, parties say
Submitted by Manish Sood on Wed, 12/24/2008 - 11:46Brussels - Doubts deepened in Belgium on Wednesday over the chances of finding a quick way out of the political crisis gripping the country as key figures spoke out against the idea of early elections in June.
Anheuser-Busch InBev to layoff 1400 salaried employees
Submitted by Medha Sood on Tue, 12/09/2008 - 15:38Anheuser-Busch InBev intends to layoff 1,400 salaried workers in its beer-related divisions, or around 6 percent of the company's U. S. work force.
According to an estimate, about 75% of the affected workers, or 1,050, are based in St. Louis or its Sunset Hills campus. Out of which most are engineers, information technology workers and hold other corporate positions.
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