Word: solding
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...following a series of rapacious mergers and acquisitions in recent years, most notably its takeover of Budweiser brewer Anheuser-Busch in 2008 - after which InBev became AB InBev. But that move also saddled the company with huge debts that it is still struggling to pay off. Last year, it sold its entertainment business, including six SeaWorld parks and two Busch Gardens parks in the U.S. It has also shed its Irish and Scottish businesses and its Central European operations. (See a TIME video on the beer-biking craze in Amsterdam...
...court decision that also undercut plans for using city tax abatements to further sweeten returns on apartments pushed into luxury decontrol. The upshot, according to a recent Deutsche Bank analysis, is that the property, purchased in late 2006 for $5.4 billion, "would fetch less than $2 billion if sold into the current dislocated market." It added that the most natural buyer was MetLife, the insurer and original owner, in part because it represented "patient capital...
...looked down on the darker-skinned Haitians: in 1965, even as the Dominican Republic was embroiled in civil war, Haitians were working in Dominican fields and not the other way around. And while Trujillo at least encouraged economic development in his country, Duvalier père et fils essentially sold their people as cheap sugar-cane cutters to the Dominican Republic...
...Although Kiwi Cuvée is sold legally in European supermarkets, the tribunal ruled last October that the wine maker, Lacheteau, could not market it under that name in Australia because consumers would wrongly believe it was made in New Zealand. The ruling was hailed by the New Zealand Winegrowers Association, which had brought the complaint to the board. But the indignation of the Kiwis has lessened in recent days after a New Zealand blogger highlighted the apparently little-publicized fact that the cuvée is actually made for Lacheteau by a New Zealand wine maker, Rhyan Wardman. "Kiwi...
...Australia may have to do without Kiwi Cuvée, but another French wine with a New World name is being quaffed there with zeal: Arrogant Frog, made by Mas at his estate, Domaine Paul Mas. It has become Australia's biggest French import, with 1 million bottles sold annually. Proof, perhaps, that sometimes it pays to have a bad reputation...