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BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)
BEVERAGES
Constellation Q1 sales up 18.6%
The world's No. 1 wine firm earned 30 cents a share ex items in Q1, in line with views and a 36.3% rise over the year-ago profit. Net sales rose to $1.10 bil, helped by Constellation Brands' acquisitions of Mondavi and a stake in Ruffino brands. The beverage maker forecast 40-42 cents in Q2, against views of 41 cents. Shares fell 3.5% to 29.50.
CONSUMER
Maytag bidder may seek $40 mil
The appliance maker was warned by Triton Acquisition that its continued merger talks with rival firms could give Triton the right to terminate an earlier merger agreement and collect a breakup fee. Maytag had agreed to a $14 a share buyout from Triton, but said ...
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