1. Constellation Brands' Softer Outlook Signals Modelo, Corona Can't Escape Alcohol Downturn
Constellation Brands Inc., the powerhouse behind Modelo and Corona, has delivered a sobering forecast that suggests even its top-selling beer brands are not immune to a persistent industry slump. The company's projection for its current fiscal year—organic beer sales ranging from a 1% decline to a 1% increase—fell shor...