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Date:

Mon, November 26, 2007 04:28:14 PM

From:

PM Business Break by STLtoday.com

Subject:

PM Business Break: Anheuser-Busch rolls out vodka

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MONDAY, NOVEMBER 26, 2007

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By Doug Wong of the Post-Dispatch Anheuser-Busch rolls out its own vodka Anheuser-Busch Cos., the country’s biggest brewer, is taking a deeper sip of “super-premium” vodka. This week, the St. Louis-based company has begun selling Purus, an 80-proof wheat vodka from Italy, to bars, restaurants and liquor retailers the Northeast U.S.  Distribution is focused on ”exclusive high-end lounges, restaurants and specialty grocery and liquor stores,” Anheuser-Busch said in a statement. The company said the drink sells for about $35 for [...] [more] The missing bottom line When a company issues a news release to announce its third-quarter financial results, but omits any mention of the bottom line, you know the news must be bad.  So it was for Challenger Powerboats of Washington, Mo., which filed its results last week.  [more] Nanotechnology: Small wonder, big worries A new U.S. survey suggests that human health and environmental impacts of nanotechnology are a bigger worry for scientists than for the public. [more] LATEST FROM THE ASSOCIATED PRESS Stocks sell off on new credit fears Wall Street sold off sharply today as concerns about a weakening credit market wiped out investors' enthusiasm about strong retails sales over the holiday weekend.  [more] Oil falls on OPEC supply expectations Oil futures retreated today on a widening belief that OPEC ministers will agree to raise crude production during a meeting next week.  [more] New York Fed adds extra liquidity The New York Federal Reserve announced Monday it was implementing several measures to increase liquidity in the parched credit markets ahead of the year's end. [more] Retailers see strong holiday start After what appeared to be a strong start to 2007 holiday shopping, retailers are hoping customers will keep buying in a season some forecasters say will be the weakest in five years. [more] Citi aims to cut costs; layoffs possible Citigroup Inc., bracing for big credit-related losses in the fourth quarter, is looking to lower costs - which could mean another round of job cuts at the nation's largest bank. [more] Philips to buy Genlyte for $2.7B Royal Philips Electronics NV will buy Genlyte Group Inc. for $2.7 billion, the world's largest lighting maker said today. [more] Virgin takes lead in Northern Rock bids Northern Rock PLC will hold accelerated takeover discussions with a consortium led by Virgin Group, the battered mortgage lender said today. [more] Treasurys Rally on Credit Worries [more] Vets Get Help in Move to Civilian Work [more] New York Fed Adds Extra Liquidity [more] Oil Falls on OPEC Supply Expectations [more] ONLINE CHAT Shopping news Where are the bargains? Should you wait until the last week to get that holiday gift? Are people spending more or less this holiday season? Retail beat writer Gail Appleson discusses these topics and more. [more] Submit questions now

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