St. Louis based Anheuser-Busch has agreed to sell its stake in City Beverage, its largest distributor in Chicago. It's part of legislation that would end a multiyear battle over how alcohol is regulated in Illinois.
The Chicago Tribune reports the agreement appears in a bill expected to exit the Illinois House this week. A-B has until Jan. 1, 2015, to sell its interest in the distributorship.
Mark Bordas, A-B's region vice president of state affairs, said in a statement, "Anheuser-Busch is pleased with the agreement reached with the Illinois legislature as it related to our minority investment in City Beverage."
Investment firm BDT Capital, which currently owns 70 percent of City Beverage, did not immediately respond to the newspaper's request for comment.
Alcohol sales are regulated in most states through a three-tier system intended to separate manufacturing, distribution and retail sales. Illinois House Bill 2606 would amend the state's liquor regulations, saying "no person licensed as a manufacturer of beer ... shall have any interest, directly or indirectly, in a holder of a distributor's license or importing distributor's license.
The Illinois Liquor Control Commission and A-B have been involved in litigation on the issue since the commission blocked the brewer from acquiring City Beverage in 2010.
St. Louis-based Anheuser-Busch is part of Belgium-based Anheuser-Busch InBev, the world's largest brewer, which reported revenue of $39.8 billion in 2012.
JEFFERSON CITY, Mo. (AP) - A national trails magazine has awarded Missouri the title of "Best Trails State" for its commitment to maintain and improve its vast system of hiking and biking paths.
The award from American Trails was announced Wednesday at a conference in Arizona. It's given every two years to states that make the most significant contributions to maintaining and promoting their trails.
Missouri's state parks system includes nearly 1,000 miles of managed trails. Many historic trails pass through the state, including the Lewis and Clark, Trail of Tears and the Santa Fe National Historic Trails.
Attendance in Missouri state parks increased in 2012, with more than 18 million visitors.
The National Weather Service has lifted a tornado watch for St. Charles County, St. Louis County and St. Louis City.
Variable clouds and becoming windy with rain and a few thunderstorms - possibly severe this afternoon. Storms may produce large hail and strong winds. High 67F. SSW winds at 5 to 10 mph, increasing to 20 to 30 mph. Additional rainfall may reach one inch.
Cloudy early with some clearing expected late. Low 36F. Winds W at 15 to 25 mph
With another line of potentially severe weather expected to push through the metro-area Thursday, Ameren has place crews on both sides of the river on stand-by. Ameren officials say they've mobilized personnel and equipment to facilitate their response to any storm-related power outages.
But Ameren officials say there are some things customers who lose power during the storms need to do. First, officials say, report the outage. Don't assume the power company knows your lights are out.
Second, they remind customers to stay away from downed power lines and always assume that any lines that have fallen are still live wires. Report the downed lines immediately.
They say to stay out of the way of power company crews who are working to repair lines and restore power.
And finally, they ask customers to be patient. Crews will get repairs made as quickly as they can do so safely.
More tips can be found at Ameren's online Outage Center.