The Belgian brewer increased its ownership of Sun Interbrew of Russia, signaling what many see is a commitment to the expanding Russian beer market. The deal, valued at nearly $650 million, raises Interbrew's ownership of Sun Interbrew to 75.5%.
Natural foods chain Earth Fare will open two stores in North Carolina's Triangle region in the next year, directly competing with market leader Whole Foods. Asheville, N.C.-based Earth Fare originally opened in 1975 as Dinner for the Earth.
With the back-to-school shopping season in full swing, many retailers find themselves understaffed as students increasingly opt for unpaid internships to get real-life experience over taking retail jobs. Retailers are working with associations and local community groups to solve employee shortage problems.
With major grocery chains trying to stay competitive and keep their unions happy, Bi-Lo will most likely be purchased by a private investment firm or a buyout group, analysts say. The grocery chain was put up for sale in February and multiple bids have been submitted. The sale is expected to be completed by year's end.
A French researcher says that although no vaccine is available for testing his theory yet, he believes one can be produced to prevent most cases of the deadly human papillomavirus (HPV) often linked with cervical cancer. He said his analysis of the seven types of the virus showed that 93% of cervical cancers contained at least one type, and said it is technically feasible to create a vaccine with all seven types.