Constellation Brands Raises Outlook for the Year

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Constellation Brands Inc. on Wednesday raised its profit outlook for the year as sales of Corona Extra and Modelo Especial exceeded expectations in the first quarter.

Dangers Behind Laundry Pods Stump Experts

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Children who accidentally burst laundry pods experience a wide range of medical outcomes, making it hard to pinpoint what makes these packets so much more potentially hazardous than liquid detergent.

ACE to Buy Chubb for $28.3 Billion

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ACE agreed to buy fellow property-and-casualty insurer Chubb in a cash-and-stock deal valued at $28.3 billion, the largest-ever deal between two companies in the insurance industry.

Deere, Potash Face a Glutted Market

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Agricultural prices face a 10-year bear market, says the OECD. That is bad news for companies supplying tractors and fertilizer.

U.S. Stocks Advance on Greece Proposal

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U.S. stocks rose Wednesday after Greece sent a fresh bailout proposal to its creditors, fueling hopes of a deal being reached.

Asia's Rich Show Love for Junk Bonds

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Asia’s wealthy individual investors have loaded up on high-yield bonds in the past three years, including a large helping of debt from Chinese property firms that have been facing a weak housing market.

Bill Gross Gets Co-Manager After Acquisition

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Janus Capital is spending at least $85 million to buy a majority interest in Kapstream Capital, and one of the Australian-American bond fund’s founders will join Bill Gross’s fund as a co-manager.

Fed's Looming Problem: Too Little Debt

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A dearth of Treasurys will limit the Federal Reserve’s ability to affect long-term interest rates.

Private Sector Adds 237,000 Jobs in June

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Private payrolls in the U.S. increased by 237,000 jobs in June, according to the ADP report. However, the outcome was near expectations and not seen changing forecasts for Thursday’s employment report from the Labor Department.

Arrested Toyota Executive Resigns

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Toyota Managing Officer Julie Hamp, who was arrested last month in Tokyo on suspicion of violating Japan’s drug laws, has resigned.

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