Finance

One of the oldest games in Wall Street – and financial centers elsewhere – is to peddle a story that a business is in financial trouble. The idea is usually to drive the price of shares down to a point that a profit can be made by buying back the shares at

Of the 10 largest U.S. alcoholic beverage stocks, only MGP Ingredient rose Monday. The rest fell, largely, analysts said, because of company and industry-specific factors, especially Diageo's report last Wednesday in which the company reported net sales fell 4% to $10.46 billion. Profit, meanwhile, rose

If a wholesaler's customers uses merchant cash financing (MCA), beware. Most state laws protect bev/al wholesalers against the dangers of merchant cash advance financing by requiring either cash on delivery or complete payment monthly. But still, if you're not aware of this financing racket, you

Republic National Distributing Co. (RNDC) which recently agreed to sell several markets to Reyes Beverage Group took another step toward stabilizing its business, securing an agreement with its lenders to provide significant additional financing. Terms weren't disclosed. The company said the new capital will help support the Company’