Music piracy 'down' as revenues rise
Rosslyn rapist sent back to jail
Hessel, France's Surprise Elder Icon, Dies At 95
Hessel, France's surprise elder icon, dies at 95
VIDEO: Fiennes leaves Antarctic base
NY photo blogger wins DKNY apology
Madness for BBC hub's farewell gig
Some Results Of First Lady's Anti-Obesity Effort
Some results of first lady's anti-obesity effort
Dubai Adds Tallest Hotel To Superlative List
Top Stories: Pope Bids Farewell; U.S. May Help Syrian Rebels
Also: Flooding follows snow in the Midwest; Iran will continue international nuclear talks; Taliban uses poison to kill Afghan police and civilians; and Ill. candidate field narrowed for elections to fill Rep. Jesse Jackson Jr.'s seat.
AB InBev faces watered down profits...and beer?
Yesterday wasn’t a good day for Anheuser-Busch InBev. The company announced its profits fell last quarter, by almost five percent, and it got saddled with three lawsuits alleging the company has misrepresented how much alcohol is in its beer.
Budweiser is what’s called an American lager. For many years, Anheuser-Busch was run by a family with exacting standards.
“They specified the barley, the hops,” says Peter Reid, the publisher of Modern Brewery Age, a magazine about the beer industry. “All the ingredients were top notch.”
He says that InBev, the company that bought Anheuser-Busch in 2008, has a reputation for cost-cutting, but still, he says he is skeptical of what the plaintiffs claim.
“I was surprised in the suit that they hadn’t done independent testing of the alcohol content.”
In a statement, Anheuser-Busch says the claims are “completely false,” and these lawsuits are “groundless.”
Many large-scale beer makers do brew high-alcohol beer, then water it down to a normal level, to sell to consumers.
“It’s much quicker, easier, and cheaper to water down a product later on,” says Matt Simpson, owner of “The Beer Sommelier.” He says that’s one thing, but if the company mislabeled what it was selling, that’s another.
Taliban Kill 17 Afghans In Attack In East
Taliban kill 17 Afghans in attack in east
Oil Steady As Fed's Bernanke Eases Concerns
Oil steady as Fed's Bernanke eases concerns
Report: Spending Cuts Could Force Runway Closures
Report: Spending cuts could force runway closures
Senate Panel Hearing From Newtown Father, Doctor
Senate panel hearing from Newtown father, doctor
Budweiser Maker AB InBev Reports Lower Profit
Countdown To Sequester: Three Stories That Sum It Up
A report says the biggest sequester burden will fall on the Washington, D.C., area, while the Pentagon is already shuffling deployments to save money.
Countdown To Sequester: Three Stories That Sum It Up
A report says the biggest sequester burden will fall on the Washington, D.C. area, while the Pentagon is already shuffling deployments to save money.
Savile penthouse to be demolished
US Futures Edge Up; Bernanke Back Before Congress
US futures edge up; Bernanke back before Congress
Reports: U.S. Eyeing 'Direct' Aid To Syrian Rebels, Though Not Weapons
During the nearly two-year-old battle that has cost tens of thousands of lives, the U.S. has not given direct assistance to those who oppose President Bashar Assad's regime. Now, news outlets say, the U.S. may send body armor, vehicles and other such goods.
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