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This Bid's for Bud: Belgian Brewer Offers $46B

InBev wants to buy Anheuser-Busch

(Newser) - The Belgian-based brewer InBev has made a $46 billion cash bid for US beer giant Anheuser-Busch in what would be one of the largest foreign acquisitions of an American corporation, the Wall Street Journal reports. If it goes through—a prospect that is far from certain—the 132-year-old Budweiser brand... More »

AT&T to Shift All Ad Work to 1 Agency

Five firms currently handle telecom titan's $3.3B budget

(Newser) - AT&T plans to turn its decentralized media buying and planning over to one advertising agency, and the five incumbents are in the running for the business, which Advertising Age values at $3.345 billion for 2006. The telecom giant, the second-largest advertiser in the nation, says it is “... More »

Weak iPhone Sales Shock Apple Shares

AT&T profits up, but stock takes hit after hot gadget cools

(Newser) - Sales of the iPhone, the joint Apple-AT&T venture that jolted the tech world in June, have cooled—only 200,000 units moved this month, compared to an estimated 700,000 during the premiere weekend alone. Apple shares were down more than 6% today on the news. Meanwhile, AT&T... More »

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