Constellation advanced 38 percent to $43.97 at 10:25 a.m. in New York for the biggest intraday jump in about 27 years and the largest gain in the Standard & Poor's 500 Index.

The two are creating a comprehensive fine wine and craft spirits sales and marketing company.

Two 40-foot containers of Oregon wine-about 27,000 bottles-will be departing the Port of Portland this weekend, headed for South Korea and its largest retailer. The shipment of Oregon Pinot signals a potentially bright future for export to a growing Korean market.

The new Elkton Oregon AVA, which becomes effective March 7, was announced last week by the Alcohol and Tobacco Tax and Trade Bureau. It encompasses 74,900 acres currently within the larger Umpqua Valley AVA and the Southern Oregon AVA.

The county's answer last August was a new farm winery ordinance. One new rule stood out: wineries had to close at a set time and there would be no toasts after 6 p.m.

"For us, all these great brands from Accolade represent bringing them back 'home' with a wholesaler who understands each of them, and--through our unparalleled national footprint--we will steward their development and growth for years to come."

Roll Global, a $3 billion international firm according to its website, declined to say how much money it has invested in the site, but the focus has been on improvement and growth.

Owner Don Stetson and Rand Terwilleger are filtering and pouring wine into casks, and for the first time since he opened, Stetson has wine made from grapes grown exclusively in the Kingman area.

Terrabella Wineries, a British Columbia-based group that is involved in acquiring and establishing wineries to centralize production, management and distribution, has acquired an 18 acre vineyard property in West Kelowna, British Columbia.

Maisons Marques & Domaines USA (MMD), a California-based marketer and importer of wines from family-owned wineries, has partnered with a Tuscan estate - Podernuovo a Palazzone - to represent its wines in the US.

The third annual International Gamay Competition has announced the winners from its 2013 awards, which included a new category of sparkling wine.

Sheffield-based independent wine merchant Le Bon Vin has become distributor for the VinoServ wine preservation system.

Stephen Pierre Boyd, the former director of The Wine Index, has been banned from being a director for 15 years by the High Court.

Eric Zweibel MS, cellar master at Summer Lodge in Dorset, selected to represent the UK in the 14th Best Sommelier in the World competition next month.

Philip Gregan, CEO of New Zealand Winegrowers has stressed the country's need to protect profitability by raising prices.

Coca-Cola Amatil chief executive Terry Davis has made it clear that the drinks company has no intention of making a bid for Treasury Wine Estates.

An Iranian prince has filed a lawsuit against his French business partner claiming the latter stole US$500,000 from their New York-based wine importer for his own use.

The UK trade is predicting a sustained increase in fine wine prices, encouraged by ongoing interest following the Chinese New Year.

Investment safeguards put in place by the Wine Investment Association and the National Fraud Intelligence Bureau should 'go global', the head of the WIA has said.

Antonio Galloni, lead critic of the Wine Advocate, is leaving the Robert Parker publication to start his own web venture, citing 'a strong desire to return to my entrepreneurial roots'.

New Mexico State University's Cooperative Extension Service will co-host the 32nd annual New Mexico Vine and Wine Society Educational Conference Feb. 21-23.

Guest experts teach newbie wine geeks about varietals, regions, and topics. Owner Marie Sauer says the classes combine the fun of winetasting with informative lectures, presentations, and discussions.

"Wine Booty" is a pirate-themed wine-and-food-centered talk show. The main characters are Captain Whylee Raven and Finkelstein himself. Each episode focuses on a local wine and food persona.

The 25,000 square-foot stores do the unthinkable in Pennsylvania - they carry wine, liquor and beer under one roof. The inventory? More than 8,000 wines, 3,000 spirits and 2,500 beers.

A bill that would effectively block grocery stores from selling wine and liquor-and ban wine and liquor sales in new pharmacies-was approved today in a state House committee.

The wine industry has flagged a need for significant restructuring to ensure it remains profitable.

Forget the rigid rules of food and wine pairings; the important thing is to discover the wines you love and enjoy them with anything, and without apology, says American Master of Wine Tim Hanni.

According to figures released yesterday by the French Wine & Spirits Exporters' Federation (FEVS), a new all-time high was reached in 2012 on the back of a 10 percent increase in exports by value.

Champagne's fortunes failed to improve last December and fears of a decline in volume shipments for the full year were recently confirmed by the region's marketing board CIVC

Ciatti estimates that approximately 40 million equivalent cases were imported in bulk in 2012, partly on the back of grape price increases sparked by the US shortage. Although grape prices continued to rise upwards of 20 percent for the 2012 crop in many areas of California, eventually the larger crop and inventories should push the bulk wine market pricing down from the highs of last year, says Ciatti.

Aaron Sherman and Gianfranco Verga were both working at Louis 649, an East Village bar, when they befriended a young Goldman Sachs GS -0.20% quantitative analyst

As European winemakers brave freezing temperatures to finish their winter pruning, more than 12,000 kilometers away South African vineyard workers are battling the heat as they prepare for this year's harvest

The UK trade is predicting a sustained increase in fine wine prices, encouraged by ongoing interest following the Chinese New Year

Investment safeguards put in place by the Wine Investment Association and the National Fraud Intelligence Bureau should 'go global', a WIA director has said.

Following in a long line of former Ste. Michelle winemakers, Josh Maloney is making a Washington wine under his own name.

Directors of Pokolbin's Drayton's Family Wines are accused of failing to ensure the safety of their workers, following a 2008 explosion which killed two people.

The theft, which has affected up to 12 McLaren Vale wineries, happened over the Australia Day long weekend.

Plus, British pols take heat for their pricey wine tastes while Chinese collector Henry Tang sells part of the wine collection that derailed his own political aspirations.

Even moderate alcohol use may substantially raise the risk of dying from cancer, according to a study released Thursday offering the first comprehensive update of alcohol-related cancer deaths in decades.