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Bottles of Jim Beam bourbon sit on a shelf in a liquor store in Deerfield, Illinois, U.S., on Nov. 1, 2010. (Tim Boyle/Bloomberg)
Fortune Brands Inc. plans to pour money into marketing its liquor brands like Jim Beam and Maker’s Mark as it prepares to become a standalone spirits company.
A top executive also says it will keep an eye out for potential acquisitions. Get the full story »
An appellate court tossed out Gov. Pat Quinn’s signature $31 billion construction program, widespread plans for video poker and higher taxes on candy and booze, declaring Wednesday in a ruling that they were unconstitutional.
The justices ruled the problem with the law is that it violated the state’s basic constitutional tenet that legislation must address a single subject only. They wrote that wide-ranging issues in one of four bills passed in 2009 failed to have a “natural and logical connection.”
The decision knocked out all four laws that represented the backbone of the public works program Quinn put together with bipartisan support two years ago. It was the culmination of an effort with legislative leaders who had found working with former Gov. Rod Blagojevich futile. Get the full story »
