Friday, October 2, 2009

“Mexico's Femsa jumps again on beer business talks - Reuters” plus 4 more

“Mexico's Femsa jumps again on beer business talks - Reuters” plus 4 more

Mexico's Femsa jumps again on beer business talks - Reuters

Posted: 02 Oct 2009 07:59 AM PDT

MEXICO CITY (Reuters) - Shares of Mexico's Femsa jumped for the second straight day Friday on expectations the company could sell its beer business.

Femsa's Mexico-traded shares (FMSAUBD.MX) rose 4.15 percent to 60.20 pesos following a more than 12 percent surge late Thursday.

Following a Wall Street Journal report that FEMSA may sell its beer business, the company confirmed it has held talks "with several parties to explore opportunities."

"We think the message is clear: FEMSA Cerveza is for sale, and the negotiation is now down to a matter of price," UBS said in a report, estimating that a fair price would be $7.5 billion.

A deal with FEMSA could give an international player access to one of the region's most lucrative beer markets and create a formidable challenge to FEMSA rival Grupo Modelo (GMODELOC.MX), maker of the Corona brand.

(Reporting by Cyntia Barrera Diaz and Michael O'Boyle; editing by John Wallace)

Topless club owner: Gingrich group rescinded award - Olympian

Posted: 02 Oct 2009 08:42 AM PDT

Associated Press • Published October 02, 2009

DALLAS - Newt Gingrich's conservative group gave - and then rescinded - a business award to a popular topless club in Texas, the proprietor said Thursday.

Dawn Rizos said she was looking forward to receiving the promised "Entrepreneur of the Year" award at a Washington, D.C., banquet from American Solutions for Winning the Future, which the former U.S. House speaker chairs.

After all, Rizos is the owner of The Lodge, which was named the Best Overall Club in America last year by ED Publications, which sponsors the gentlemen's club industry's annual convention and trade show.

But before she had a chance to dine on lobster bisque with Gingrich at the Oct. 7 awards dinner with some 50 other business leaders, the honor was yanked away. The group apparently confused Rizos' Dallas business, which is legally called DCG Inc., with one by the same name in Virginia.

"I honestly thought that Mr. Gingrich wanted to honor our company because it's very successful," Rizos said. "Really, what's two more people to dinner? How rude!"

She wondered how such a mistake could have occurred and questioned the about-face.

"I just don't understand why this is so taboo," she added. "You can see racier things on MTV than what goes on in this club."

Rick Tyler, a spokesman for Gingrich, declined to comment. Dan Kotman, American Solutions' press secretary, did not immediately return a call from The Associated Press.

A fax Rizos received from American Solutions in early September explained that she was being honored for "your success in building your business and recognition of the risks you take to create jobs and stimulate the economy."

The Lodge, which has about 150 employees, mainly waitresses and kitchen staff, contracts with an additional 570 dancers or entertainers. It awards a college scholarship annually to an entertainer.

In the letter, American Solutions promised Rizos that she'd "dine privately with Newt," and have his ear on ways to "turn this country around."

After she confirmed her reservation, she was asked to join Gingrich's Business Defense and Advisory Council and pay an annual $5,000 fee, which she did. A Sept. 16 letter signed by Gingrich thanked her for her contribution and said he looked forward to presenting her with the award.

Pampered Pets reopens for business - Green Valley News and Sun

Posted: 02 Oct 2009 08:42 AM PDT

www.gvnews.com

Pampered Pets Boutique in the Continental Shopping Plaza is open for business once again after closing for more than a month because of the death of co-owner Mike Stalling.

His business partner, Anastasia Stalling, took time off to recover, deciding to continue with the business and reopening in September. Pampered Pets first opened its doors in Green Valley in February 2007.

Partners for more than 25 years, Anastasia said the pet-specialty store was a dream they both shared.

"It's been very difficult without Mike, but I need to go on," Anastasia said. "We both wanted to see this business make it and I believe I need to try to stay open, even though it's been very hard. I've made many friends here and regular customers have been very supportive."

Customers will find shelves stocked with items ranging from pet art, pet books, figurines, pet apparel and collars, toys, shampoo, toothpaste, brushes, bowls, pet totes, novelty pet cards, snacks and vitamins.

HR Technology Conference & Exposition News Distributed By Business ... - AOL

Posted: 02 Oct 2009 09:04 AM PDT

Visit Money & Finance for stock quotes, the web's best online portfolio manager and the latest business & financial news. Find out about every aspect of personal finance and money management, from finding the best mortgage rates and preventing identity theft to making money, saving money and investing money.

West Bancorp. sells asset-management business - MSN Money

Posted: 02 Oct 2009 08:50 AM PDT

DES MOINES, Iowa (AP) - West Bancorporation Inc. said Friday it agreed to sell its asset-management business, which has more than $4.6 billion in assets under management and 24 employees in West Des Moines.

Miles Capital Holdings Inc., an asset-management firm, acquired WB Capital Management Inc. for an undisclosed sum. The transaction is expected to close by Dec. 31, pending certain approvals.

David Miles, managing director of Miles Capital, was named president and CEO of WB Capital, effective immediately. Miles acquired a controlling interest in 1991 in a predecessor company that later became WB Capital, according to a statement from the company.

The firm will manage cash, fixed-income and equity portfolios for institutions, government agencies, insurance companies, banks, retirement plans, corporations, foundations, endowments and individual investors. It will continue to manage investments for West Bank's trust department clients, as well as the bank's bond portfolio.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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