A huge merger is brewing in the beer industry. SAB Miller (SAB) has confirmed that Belgian brewing giant Anheuser Busch Inbev (BUD) intends to make an offer to buy it. SAB Miller says no official offer has been made but it will respond once that happens. AB Inbev’s brand including Budweiser, Stella Artois, and Corona while SAB Miller owns Miller, Grolsch and Peroni. The deal would bring together the world’s two largest beer makers and create a company controlling about half the brewing industry’s profit. Hewlett Packard (HPQ) says another 25,000 to 30,000 people will leave the company. The cuts will be focused on HP’s Enterprise services division, the consulting arm of the company. The Federal Reserve’s 2 day meeting gets underway today. This is the most watched Fed meeting in years. If interest rates are increased, it would be the first time in 9 years.
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