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Development
St. Louis' unemployment numbers may not be as bad as they sound Print E-mail
By Kristen Hare, Special to the Beacon   
Last Updated ( Wednesday, 16 July 2008 )

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Recent unemployment numbers didn't look good for St. Louis, but the 6 percent rate for May is not necessarily so bad when you put it in context. Area economists explain.

 
Lambert improvements will start with ticket hall and baggage carousels Print E-mail
By Amelia Flood, Special to the Beacon   
Last Updated ( Tuesday, 15 July 2008 )

lambert.gifHard times for airlines equal scaled-down improvements at Lambert Airport, where the first order of business will be the ceiling in the ticket hall and new and improved luggage carousels.

 
Boycott in St. Louis? Not so much Print E-mail
By Bill Smith, Beacon Staff   
Last Updated ( Tuesday, 15 July 2008 )
bud100.jpgInternet chatter about boycotting Anheuser-Busch doesn't seem to be picking up steam in St. Louis drinking establishments. Fast Eddie's, for instance, hasn't noticed a slow down. Meanwhile, another city official, Aldermanic President Lewis Reed urges InBev to maintain the good-citizen role played by A-B. (Photo by Tom Nagel | The Beacon)
 
Analysis: Winners and losers in the big beer deal Print E-mail
By Robert W. Steyer, Special to the Beacon   
Last Updated ( Monday, 14 July 2008 )

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Is the happiness of A-B shareholders shared by its bondholders? Are the unions nervous? Is the mood festive in the board room at Molson Coors?

 
A-B flies white flag; InBev's sweetened offer sways the board Print E-mail
By Robert W. Steyer, Special to the Beacon   
Last Updated ( Monday, 14 July 2008 )

The board of Anheuser-Busch approved a $70-a-share offer from Belgian-based InBev. While stockholder votes and antitrust reviews remain, the deal is expected to be approved.  The new company, Anheuser-Busch  InBev, will be the world's largest brewer. InBev's CEO Carlos Brito will be its head and St. Louis will be North American head quarters .abeagle100.jpg

 
A-B, InBev reach deal to become Anheuser-Busch Inbev Print E-mail
By news sources   
Last Updated ( Monday, 14 July 2008 )

Anheuser-Busch and InBev have reached a $52 billion deal for purchase of A-B at $70 per share in cash. A-B will become a wholly owned subsidiary and the combined company will be called Anheuser-Busch InBev. InBev CEO Carlos Brito will be its head. August Busch IV and one other current or former A-B board member will join the board.

St. Louis will be North American headquarters for the company and "global home" for the Budweiser brand. The deal was unanimously approved by both boards and will be voted on by shareholders.

Read an official statement (PDF) which appears on the corporate Web sites of both InBev and Anheuser-Busch.

 
A-B beat Miller, but drew back from challenging the world Print E-mail
By Paul Povse, Special to the Beacon   
Last Updated ( Sunday, 13 July 2008 )
abbrick100nagel.jpgBecause Anheuser-Busch was not aggressive enough in the international market, it became vulnerable to a company that was. But William Finnie, formerly of A-B executive and now at Washington University, sees possible positives in the expected takeover. (Photo by Tom Nagel | The Beacon)
 
Air of inevitability hangs over AB deal Print E-mail
By Bill Smith, Beacon Staff   
Last Updated ( Friday, 11 July 2008 )

beerwagon100nagel.jpg Tom Schlafly -- heir presumptive to the local King of Brewers' crown -- says the sale of Anheuser-Busch to InBev will have  impact, but will not cripple the region's economy. And Terry Ganey, a chronicler of the brewery and the House of Busch, sees an InBev purchase as the final chapter in a remarkable saga. (Photo by Tom Nagel | The Beacon)

 
Friendly talks reported between InBev and A-B; deal could be near Print E-mail
By news sources   
Last Updated ( Friday, 11 July 2008 )

Anheuser-Busch and InBev are in friendly talks and the Belgian brewer has reportedly hiked its offer from $65 per share to $70 per share, the Wall Street Journal and New York Times reported this morning. A deal could be announced as soon as early Monday morning. Shares of Budweiser jumped to over $65 on the news.

Warren Buffett may back deal, but talks could still break down | NYTimes.com

 

 
Hostile InBev takeover could play out in the mail Print E-mail
By Robert Steyer, Special to the Beacon   
Last Updated ( Friday, 11 July 2008 )

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The Postal Service might be the big winner if InBev and Anheuser-Busch go through with consent solicitation and consent revocation options. These rare consent maneuvers can be confusing and unpredictable. Photo by Tom Nagel | The Beacon

 
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Editors' Picks

 

Jazz with Jerome Harris

Video by Christian Cudnik

Jazz musician and educator Jerome Harris talks about the importance of teaching. See a larger version of this video and read a profile of Harris

Voices

  • Editorial Cartoons

    sstantis100transition.jpgThe presidential ransition still gets lots of attention, but the cartoonists are also looking at specific economic and social issues. Find the work of Scott Stantis, John Sherffius, Chris Britt, Marshall Ramsey and Mike Thompson inside.

  • In the News

    soa100puppet.jpgPosted 5 p.m. Mon. Nov. 17 - This weekend, nearly a hundred St. Louisans, many of them high school students, will travel to Fort Benning, GA to protest the School of the Americas. Among its graduates are some of Latin America's most notorious dictators, guilty of some of the continent's most savage human rights violations. Rachel Heidenry, who participated in the protest while a student at Nerinx Hall and Bard College, describes the experience and took the photographs that accompany the story and are in a slideshow at the end of the article.

  • Law Scoop

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    Posted, 1:20 p.m., Thursday, Nov. 13 - Not often do the justices of the U.S. Supreme Court admit to such bafflement as they did on Wednesday when trying to decide if Pleasant Grove City, Utah has to add the 7 Aphorisms to the 10 Commandments in its city park.

The Lens

Giving Back

The Beacon wants to help you share the news about good deeds St. Louisans are doing. See our spotlight on those who are giving back.

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The Beacon features links to the latest work by the Pulitzer Center on Crisis Reporting.This Washington-based non-profit organization promotes in-depth international coverage of topics that have been under-reported, mis-reported - or not reported at all.

To see a list on our World news page, click here . The Pulitzer Center's founder is Jon Sawyer, former Washington Bureau chief of the St. Louis Post-Dispatch.

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Join the folks who have already found the Beacon on Facebook, the social networking site. See the most popular stories of the day, photos, videos and upcoming events. Visit the St. Louis Beacon page on Facebook and become a fan.

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Twitter is a "microblogging" service where users can provide short updates about what they are doing. stlbeacon is our official Twitter feed – check it out to find our featured stories and the news that matters.

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Mortgage foreclosures are at the heart of the current economic crisis. The Beacon and KETC/Channel 9 have been covering how mortgage problems affect St. Louis area residents.

Visit our special section to read coverage of these issues, watch Channel 9's stories and access resources to find help.

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