The Federal Reserve said on Wednesday that it would reduce its monthly bond-buying campaign to $75 billion in January, beginning a retreat from its stimulus campaign, because it no longer saw the need for the full force of those efforts.
Rack & Riddle Custom Wine Services, one of the largest custom crush and winemaking companies on the North Coast, announced today it has signed a lease agreement for the Murphy Family Winery, located in Alexander Valley just south of Geyserville. Rack & Riddle will assume responsibility for all operations at the facility on Jan. 1, 2014.
Ste. Michelle Wine Estates will unveil Two Vines as a new stand-alone winery, separating the brand from Columbia Crest. And it will produce a quarter-million cases of wine using California grapes - in addition to wines using Washington fruit.
Big retail stores in Oregon will push to privatize state-controlled liquor sales on the ballot next year, duplicating an effort by retailers in Washington State that led to one of the most expensive political battles in history.
Assistant U.S. Attorney Joseph Facciponti said in his closing argument at the criminal trial of Rudy Kurniawan that the defendant sold so many bottles of wine that were supposedly rare between 2004 and 2012 that the sales in New York and elsewhere "were the stuff of legends."
A 2012 study by Karl Storchmann, an economics professor at New York University and managing editor of the Journal of Wine Economics, showed sales of French champagne are a fairly accurate indicator of Americans' future income.
US-based Hangover Joe's has inked a distribution agreement with Media2UCo, for the sale of its products across Japan. Hangover Joe's produces and sells Hangover Recovery Shot, a beverage that helps in relieving the symptoms associated with alcohol induced hangovers.
As the Central Texas wine industry continues to grow, skilled and educated workers are in high demand. Texas State Technical College's new Viticulture and Enology Science and Technology Program, also known as VESTA, hopes to fill that void.
In India, where whisky is the alcoholic beverage of choice, and teetotallers exist by the legions, a wine culture has been almost non-existent. However, Nashik (also Nasik) - a picturesque area with deep-green, rolling hills, about a two-and-a-half hour drive from Mumbai - is changing that perception.