Constellation Brands Inc (STZb.N)
19 Oct 2017
NEW YORK, Oct 18 The future of the North American Free Trade Agreement (NAFTA), a nearly 24-year-old trade pact between Canada, the United States and Mexico, hangs in doubt after the latest round of talks in Washington ended in acrimony on Tuesday, casting uncertainty over a range of stocks.
By Rodrigo Campos and Lewis Krauskopf NEW YORK, Oct 18 The future of the North American Free Trade Agreement (NAFTA), a nearly 24-year-old trade pact between Canada, the United States and Mexico, hangs in doubt after the latest round of talks in Washington ended in acrimony on Tuesday, casting uncertainty over a range of stocks. NAFTA, long opposed by U.S. President Donald Trump, eliminates most tariffs on trade between the three countries. Although trade more than quadru
* Earthquakes in Mexico did not have an impact on production operations there - CEO on Conf call
Constellation Brands Inc posted a quarterly profit that beat Wall Street estimates for a ninth straight time and raised its profit outlook, as margins rose on the sale of more premium beers and breweries ran at peak levels in the summer.
* Lifts adj. EPS forecast to $8.25-$8.40 from previous $7.90-$8.10
* Constellation Brands Inc - its purchase of Florida-based Funky Buddha Brewery
* Constellation Brands elects Susan Somersille Johnson of Suntrust Banks Inc to its board of directors
(The following statement was released by the rating agency) CHICAGO, June 02 (Fitch) Fitch Ratings plans to withdraw the ratings on Constellation Brands, Inc. (Constellation) on or about July 3, 2017, which is approximately 30 days from the date of this NRAC, for commercial reasons. Fitch currently rates Constellation as follows: -- IDR at 'BBB-'; Outlook Stable; -- Senior secured revolver at 'BBB-'; -- Senior secured term loan A at 'BBB-'; -- Senior secured term loan A-1 at 'BBB-'; -- European
BRIEF-Constellation Brands CEO Robert Sands' FY 2017 total compensation was $9.6 mln vs $9.3 mln in FY 2016
* CEO Robert Sands' FY 2017 total compensation was $9.6 million versus $9.3 million in FY 2016 - sec filing
Brown-Forman Corp , the maker of Jack Daniel's whiskey, said on Wednesday it was not for sale, following a media report that Corona beer maker Constellation Brands had offered to buy the company.
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