Originally published on Sat February 23, 2013 9:27 am
Two big companies have hatched a plan that could allegedly take money out of the pockets of ordinary Americans. And it's not just any money: it's our beer money.
Anheuser-Busch InBev, the biggest brewer in the world, wants to buy Grupo Modelo, the maker of Corona. The U.S. Department of Justice is suing to block the acquisition.
On today's show: The story behind the case, and what it says about monopolies, competition and government regulation.
The Justice Department has joined a civil lawsuit against cyclist Lance Armstrong, his Tailwind Sports team and its longtime manager, alleging their pervasive doping campaign defrauded the U.S. Postal Service out of more than $31 million in sponsorship fees.
The decision ratchets up the legal pressure on Armstrong, who's lost his seven Tour de France titles, enormous advertising and sponsorship deals, and a large part of his reputation.
Originally published on Wed February 20, 2013 4:10 pm
In the past decade, a few big beer companies went on a buying spree, spending some $195 billion to buy up brewers around the world, according to Bloomberg.
Beer drinkers can be excused for not noticing. Unlike, say, airlines, which fold their acquisitions into one big, global brand, big beer companies tend to keep the brands they buy in the market.