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Today's Financial News
6 hours ago
Lawmakers around the country have been taking up various bills that cater to the growing microbrewery industry. Here are some of the efforts: ARIZONA Gov. Doug Ducey signed a bill Tuesday that allows microbreweries to make up to 6.2 million gallons of beer per year, removing the old limit of 1.2 million gallons. Under the previous rules, companies exceeding the limit were forbidden from operating restaurants. That is an issue for Arizona-based Four Peaks Brewing Company, a growing player in the industry.
6 hours ago
PHOENIX (AP) — Four Peaks Brewing Co. has grown over the last two decades from a historic red-brick microbrewery and restaurant into an Arizona staple that served nearly 1 million gallons of beer last year, including its popular Kilt Lifter ale. The increasing popularity of craft beer around the country has legislatures nationwide rewriting laws to accommodate microbreweries as they exceed production limits.
6 hours ago
PHOENIX (AP) — Legislatures around the country are passing laws to allow microbreweries with restaurants to increase production of craft beer. Arizona Gov. Doug Ducey signed a bill Tuesday that strikes a compromise between producers and distributors allowing microbreweries to keep up to seven retail locations and brew up to 6.2 million gallons of beer per year. Ducey went to a bar owned by one of the breweries to sign the legislation.
7 hours ago
SUNNY ISLES BEACH, Florida (AP) — The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view. Porsche. Giorgio Armani. Fendi. With a slew of residential and hotel developments, Miami is embracing the notion that homes, like cars, handbags and jewelry, should carry luxe designer labels. The trend has spread from Europe, Asia and the Middle East, where developers discovered a few years ago that luxury-branded hotels and homes could command huge premiums that the moneyed set would happily pay.