• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Bud is Back !

THE ASSOCIATED PRESS

Anheuser-Busch InBev said that starting yesterday, the "BUD" ticker symbol is trading again on the New York Stock Exchange.

The symbol left the exchange last year after Anheuser-Busch Inc. sold itself to Belgian brewer InBev for $52 billion.

The deal created Anheuser-Busch InBev, the world’s largest brewer, known for brands like Budweiser and Beck’s. The company has a plant and theme park ( Busch Gardens) in the Williamsburg, VA. area.

Its shares will maintain their primary listing in the company’s home country of Belgium. But CEO Carlos Brito said that growing interest from U.S. investors prompted the company to list itself in the U.S. as well.

Anheuser-Busch InBev’s American depositary receipts — shares sold by foreign companies — rose 70 cents to close at $46.95 in trading yesterday.

Brito said ABInBev is now 60 percent done with its efforts to sell $7 billion in noncore assets to help pay for the deal.

The company is in no rush to sell the rest just yet.

"We’re still committed to $7 billion, but the good news is we’re in no hurry to do it," he said, citing the company’s performance so far in 2009.

Last month, the Belgium-based company said its net profit in the first half of the year rose more than 50 percent to $1.92 billion.Global sales fell 1.1 percent.

When InBev bought Anheuser-Busch last year, the brewer said it wanted to make the flagship Budweiser brand into a global icon akin to Coca-Cola.

Since then, the company has been doing consumer research to determine how best to do that. Brito said there is strong brand awareness for Budweiser.

The company will continue to do research to figure out which markets make the most sense to enter. "We’re taking our time, we want to do it right, but we’re committed to do it," he said.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: