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Shares in SABMiller PLC traded 21% higher in London after the beer giant said rival Anheuser-Busch InBev N.V. has indicated it plans to make an offer for SAB. SAB’s board “notes the recent press speculation and confirms that Anheuser-Busch InBev SA/NV
… has informed SABMiller that it intends to make a proposal to acquire SABMiller,” said SAB in a news release. “No proposal has yet been received and the Board of SABMiller has no further details about the terms of any such proposal.” The Financial Times on Wednesday reported that a merger of the world’s two largest brewers has been speculated for years, but AB InBev’s biggest shareholder, the acquisitive Brazilian private equity group 3G, is now ready to have talks with SAB. Meanwhile, AB InBev confirmed in a news release that it’s approached SAB about a combination. Shares in AB InBev rose 7.4% in Brussels before they were halted.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares in SABMiller PLC traded 23% higher in London after the beer giant said rival Anheuser-Busch InBev N.V. has indicated it plans to make an offer for SABMiller. SABMiller’s board “notes the recent press speculation and confirms that Anheuser-Busch InBev SA/NV
… has informed SABMiller that it intends to make a proposal to acquire SABMiller,” said SABMiller in a news release. “No proposal has yet been received and the Board of SABMiller has no further details about the terms of any such proposal.” The Financial Times on Wednesday reported that a merger of the world’s two largest brewers has been speculated for years, but AB InBev’s biggest shareholder, the highly acquisitive Brazilian private equity group 3G, is now ready to have talks with SAB.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Royal Bank of Scotland Group PLC has agreed to pay $129.6 million to settle claims by a U.S. regulator that the British lender sold toxic mortgage-backed securities to now-defunct U.S. credit unions, according to the court filing on Tuesday. The National Credit Union Administration, which regulates and supervises federal credit unions, in 2013 sued RBS and eight other banks for misrepresenting the real value of mortgage-backed securities they sold. In the RBS case, NCUA claimed the bank distorted the quality of mortgage loans backing securities bought by the credit unions in the run up to the financial crisis. RBS shares were up 0.2% in early Wednesday trade.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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From:: DIY this old house

This Old House plumbing and heating expert Richard Trethewey helps a homeowner repair her leaky kitchen faucet …read more

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From:: DIY this old house

Hewlett-Packard Inc. said late Tuesday that it will cut employees from a company it is forming to focus on printers and personal computers, part of a growing tally of workforce reductions for the tech giant. While laying out plans for its impending corporate split, H-P executives revealed that they plan to lay off 3,300 workers within the next three years from HP Inc. That is in addition to up to 30,000 workers — 10% of H-P’s total — that the company expects to lose from the other company it is forming, Hewlett Packard Enterprise, as well as about 55,000 workers let go in a restructuring plan put into place in 2012. The announcements were part of a meeting with analysts in which H-P laid out its financial expectations for the newly formed companies after the separation occurs, currently planned for Nov. 1.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Uber Technologies Inc. on Tuesday filed an appeal of a judge’s ruling that granted class-action status to drivers seeking to be classified as employees, according to The Wall Street Journal. The ruling, handed down earlier this month, would allow an estimated 160,000 drivers to join the suit against Uber, a ride-hailing app that treats drivers as independent contractors. The company, which has garnered a valuation from venture capitalists topping $50 billion, said in its appeal that U.S. District Judge Edward Chen’s ruling is “manifestly erroneous,” the Journal reported.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Microsoft Corp. said late Tuesday its board approved a 16% dividend hike. The company said it’s increasing the quarterly dividend by five cents to 36 cents a share. The dividend is payable to shareholders as of Nov. 19 on Dec. 10. Microsoft shares rose 0.5% to $44.18 in after hours activity.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Starz Inc. shares rallied in the extended session Tuesday following a report that the media company was in talks to be acquired by AMC Networks Inc. . Starz shares jumped 8.3% to $41.99. Late Tuesday, Bloomberg reported AMC was in early talks to acquire Starz, according to people close to the situation.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News