MOLSON COORS ENTERS MARKET IN COLOMBIA
Molson Coors Brewing Co. has joined a group of brewers trying to grab a piece of SABMiller’s near-monopoly of Colombia’s beer market.
The Denver-based company is partnering with Colombian soda giant Postobon SA and Chile’s largest brewer to compete in the country’s rapidly growing light beer segment, said Molson Coors International CEO Krishnan Anand said. Molson started selling Coors Light in Colombia this month, taking on SABMiller’s Aguila Light.
Vestas will buy German turbine company.
Vestas Wind Systems A/S agreed to buy Availon, its second acquisition of a wind-turbine service provider in two months.
The Danish manufacturer will pay $96 million for the company based in Rheine, Germany, according to a statement e-mailed Wednesday from Vestas’ headquarters in Aarhus. The deal follows its Dec. 7 acquisition of U.S. company UpWind Solutions Inc. for $60 million.
Molycorp judge reverses order on Bloomberg.
The judge who ordered a group of bankruptcy professionals to report conversations with Bloomberg reporters involving troubled rareearths mining company Molycorp Inc. changed his mind Wednesday and granted the news organization more time to mount a legal challenge.
Judge Christopher Sontchi of the U.S. Bankruptcy Court in Wilmington, Del., said he might have erred in denying Bloomberg a chance to challenge the order he issued last week. That order required about 120 professionals involved in Molycorp’s Chapter 11 case to file sworn statements about any conversation they had with Bloomberg reporters concerning the Greenwood Village-based miner in recent months.
Nestle loses bid to trademark KitKat shape
B london» Nestle has lost a long-running court battle to trademark the four-finger shape of its KitKat chocolate bar in Britain.
The Swiss food giant first tried to register the trademark in 2010, but the application was opposed by rival chocolate maker Cadbury U.K. Ltd.
Britain’s High Court on Wednesday ruled that the shape of a KitKat bar has not “acquired a distinctive character” enough to satisfy trademark requirements.
Dow Chemical upgrades parental leave. Dow
Chemical is fattening the paid leave it gives employees after the birth of a child. The creator of Ziploc bags and Saran Wrap said Wednesday that mothers will receive a minimum of 12 weeks of paid leave, while non-birthing parents can get two weeks. That’s up from six to eight weeks and one week, respectively.
More U.S. companies have started expanding the leave they give to new parents. But overall, paid maternity and paternity leave in the U.S. lags behind standards established elsewhere.