Constellation owners hold waitress responsible for fatal fire on New Year’s Eve
Owners of the Swiss resort bar where a fire claimed 40 lives on New Year’s Eve have attributed blame to a helmet-wearing waitress, claiming she ignited the deadly blaze. Jack Moretti, 49, and his wife Jessica, 40, appeared in court last week regarding the fire at Le Constellation nightclub in Crans-Montana, asserting, “It’s not us, […]
Swiss bar Le Constellation, where a deadly fire occurred on New Year’s, had not undergone inspections for six years.
The mayor of Crans-Montana revealed on Tuesday that the bar where a tragic New Year’s fire resulted in 40 fatalities hadn’t undergone a safety inspection since 2019. Swiss officials are currently looking into what caused the fire that consumed Le Constellation, which broke out in the early hours of January 1. Most of those who […]
S&P 500 Movements Today: EQT Shares Rise, Constellation Brewing Declines
Key takeout On July 14, 2025, the S&P 500 experienced a slight uptick of 0.1% as trade policy took center stage at the start of a week filled with various earnings and economic reports. EQT’s stock prices surged due to climbing natural gas futures, influenced by shrinking production and shifting weather forecasts. Waters’ stock took […]
Berkshire Hathaway increases investment in Constellation Brands and sells off Citigroup.
Berkshire Hathaway, led by Warren Buffett, announced on Thursday its stake in Constellation Brands, the alcohol producer, has more than doubled while it has divested from Citigroup and other financial services firms. As of March 31, Berkshire’s recent transactions have been disclosed to regulators, outlining its U.S. shareholdings. The investment in Constellation has gone up […]
Warren Buffett’s Berkshire reveals stake in Constellation Brands, cuts stakes Citi, BofA
Warren Buffett's Berkshire Hathaway said on Friday it revealed new investments in the constellation brand of alcoholic beverage producers, reducing Citigroup and Bank of America's holdings. In a regulatory filing, Berkshire said it ended 2024 with 5.62 million shares worth $1.24 billion. Citigroup's shares fell 74% to 14.6 million shares, cutting its second-largest common stock […]
Constellation Brands slashes outlook on weak wine demand
Liquor giant Constellation Brands warned on Tuesday that it may be forced to write down the value of its assets by as much as $2.5 billion this year due to sluggish demand for wine as consumers cut back on non-essential purchases amid high inflation. The Rochester, New York-based company, which owns brands such as Corona, […]