Latest Business News: Big Mexican Brewers Forced to Open Local Beer Market

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Latest Business News: Big Mexican Brewers Forced to Open Local Beer Market

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Latest Business News: Big Mexican Brewers Forced to Open Local Beer Market

by Wochit 1:03 mins

Latest Business News: Big Mexican Brewers Forced to Open Local Beer Market

by Wochit 1:03 mins

Mexico's biggest brewers, Corona maker Grupo Modelo and Sol producer Cuauhtemoc Moctezuma, have agreed to face more competition to end a dispute over their long domination of the domestic beer market, the world's sixth-biggest. At least three shareholders who collectively hold nearly 3 percent of Dell Inc shares plan to vote against Michael Dell's $24.4 billion buyout offer, raising questions about proxy adviser Institutional Shareholder Services' sway with the PC maker's shareholders. In an email to Reuters, an ISS spokesperson defended supporting the deal. "ISS' role is to analyze the deal and make a recommendation that we see as being in the best interest of shareholders. That's what we've done," the email said. "At the end of the day however, as with any proxy vote, shareholders will make their own decisions based on their own circumstances," she said. Investors in funds based in the U.S. have poured $11.84 billion into stock funds, the most since late January, data from Thomson Reuters Lipper service shows. The renewed appetite for stock funds comes as stocks rose on strong U.S. jobs data and optimism heading into the corporate earnings season.

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