Finance

Rob McMillan, who was executive vp-Wine Division of Silicon Valley Bank until Friday when the Feds seized SVB, says the Wine Division was only 2% to 3% of the bank's overall business and had $1.4 billion in loans. As to the future of anything, McMillan hasn'

Barron's says it might.  Why would it sell a dependable source of dividends and (unlike tobacco, smokeless or otherwise) growth?  To use the proceeds to buy back its own shares.  Currently Altria holds $11 billion of Anheuser-Busch InBev stock.   So far this year, ABI stock, which closed at

Fresh Vine Wine, Inc. said the subscription period for the previously announced rights offering has begun. The subscription rights are non-transferable and may only be exercised during the subscription period, which will extend through 5 p.m. ET on March 9 unless extended or earlier terminated by Fresh Vine Wine.

Pronghorn has unveiled its newest round of angel investments in four additional Black-owned spirits companies: Anteel Tequila, Common Ground Spirits, Delta Dirt Distillery, and Old Hillside Bourbon Co. In addition to money, the distillers will be supported with critical resources like consulting services, direct industry expert access, and more to

Fun Wine Co., Inc., developer of a innovative product line of better-for-you Premium Wine Cocktails, said it began offering of $15 million in 5-year, 9% Convertible Notes. Proceeds to be used primarily for marketing and to expand Fun Wine's business in the US, Asia and Latin America. Lead

Constellation Brands, Inc. said it priced the public offering of $500 million aggregate principal amount of 5% Senior Notes due 2026 (the “notes”) for a public offering price of 99.829% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of

Brown-Forman Corp. President/CEO Lawson Whiting and Board Chair Campbell Brown will ring the closing bell at the New York Stock Exchange, celebrating Brown-Forman's 150 years in business and its 88 years as a publicly traded company.  The closing bell will ring Dec. 14 at 4 p.m.