alcoholic beverages

MONTERREY, Mexico—For the past 20 years, a 1,100-megawatt power plant owned by Spain’s Iberdrola SA outside Mexico’s industrial capital has kept the lights on for scores of companies such as brewing giant Heineken NV, despite winter freezes, a hurricane and the occasional brush fire.But since January, half the gas-fired plant has been forcibly shut down by Mexico’s government, which argues that private energy companies have plundered Mexico like Spanish…

Advertising giant Publicis Groupe SA PUBGY -1.08% pared back its global ad-spending forecast for 2022 due to the war in Ukraine, but said the advertising market remained healthy despite macroeconomic challenges.Zenith, an ad-buying unit of Publicis, PUBGY -1.08% said it expects global ad spending to grow 8% to $781 billion this year, a downgrade from the 9.1% growth it predicted in December. The firm said it reduced its…

ISS said Spirit investors would be better off rejecting that deal in order to prod the airline’s board to negotiate more seriously with JetBlue Airways Corp. JBLU -0.92% , which has launched a competing, hostile bid that ISS said is financially superior. Spirit in February agreed to be acquired by Frontier in a cash-and-stock transaction originally valued at $2.9 billion, a deal that would combine the two budget carriers. JetBlue later emerged with a $3.6 billion cash…

At Bathtub Gin, a reinvented speakeasy in lower Manhattan, patrons may be pining for the past but they are drinking a vodka specifically invented for a cleaner future. Air Vodka is made in part from greenhouse gas emissions – specifically, captured carbon dioxide.It is just one of a bevy of new products designed to make use of CO2 emissions that can be captured from various types of industry."We work with partners that capture that carbon dioxide before it's emitted into the atmosphere, and then we use that CO2 in our…

JetBlue JBLU 5.01% Airways Corp. plans to launch a hostile takeover attempt for discount carrier Spirit SAVE 3.85% Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with Frontier Airlines. ULCC 4.56% JetBlue plans to appeal directly to…