With Platinum, Bud Light shoots for the high end

The world’s biggest beer-maker is placing a big bet on a new brew.
Anheuser-Busch InBev this week is rolling out Bud Light Platinum, an upscale version of its best-selling label. It’s the brewer’s latest bid to pump up flagging sales of its flagship brand, and to counter liquor sales that are taking a bite out of […]

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Costa offers $14,460 per person for ruined cruise

Costa Crociere SpA is offering uninjured passengers euro11,000 ($14,460) apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany when the captain deviated from his route.
Costa, a unit of the world’s biggest cruise operator, the Miami-based Carnival Corp., also said it would reimburse passengers the […]

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Fed

Federal Reserve Bank of Richmond President Jeffrey Lacker said the U.S. economy will expand at a

Indonesian Inflation Slows, Giving Central Bank Room to Cut Interest Rates - Bloomberg

Indonesia

Japan OKs aid for tsunami-hit nuke plant operator

Japan’s government Friday approved spending $11.5 billion of public money to help the operator of the tsunami-hit nuclear power plant decontaminiate the site and dismantle the reactors.
Japan’s nuclear minister, Goshi Hosono, says the aid is meant as a preliminary installment to help cash-strapped Tokyo Electric Power Co. cover the massive cost of the work.
The 900 […]

Air France-KLM board to meet Monday

An Air France-KLM official says directors of Europe’s largest airline will hold an extraordinary board meeting later Monday, amid reports the company’s chief executive will be replaced.
An Air France-KLM spokeswoman said the board meeting in Paris would take place around 4 p.m. (1400 GMT). She declined to comment on a report in French daily Les […]

Consumers’ confidence remains weak in September

Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages.
People were spooked last month over a downgrade of U.S. long-term debt, renewed concerns about the health of European banks and wild stock market wings. And […]

World stock markets rattled by Europe debt crisis

World stock markets remained volatile Monday as investors grew increasingly convinced that Greece would default on its debts, an event that economists say has the potential to worsen a global downturn.
Oil prices fell below $79 per barrel while the dollar strengthened against the euro but was lower against the yen.
Stocks were mixed in early European […]

Yemen troops kills 11 pro-opposition soldiers

A Yemeni pro-opposition officer says troops loyal to President Ali Abdullah Saleh are attacking soldiers who sided with the opposition in the capital Sanaa, killing at least 11.
Abdel-Ghani al-Shimiri says mortars are raining down on the headquarters of the 1st Armored Division, led by Maj. Gen. Ali Mohsen al-Ahmar who backs the opposition’s demands for […]

Billionaire snapped up shares of Sino-Forest right up to trade halt

A billionaire investor bought shares of troubled forestry company Sino-Forest right up until the shares were halted by regulators, documents show.
Richard Chandler