St. Louis Post-Dispatch from St. Louis, Missouri • A11

09.25.2019 Wednesday 1 sT. LOUIs POsT-dIsPaTCH A11 MARKET WATCH Argentina .0176 .0176 Australia .6800 .6770 Brazil .2398 .2397 Britain 1.2495 1.2435 Canada .7555 .7542 China .1405 .1405 Euro 1.1018 1.0995 India .0141 .0141 Israel .2858 .2845 Japan .009341 .009307 Mexico .051383 .051330 Russia .0156 .0157 So. Africa .0672 .0672 So. Korea .000836 .000837 Switzerland 1.0147 1.0103 FOREIGN CURRENCY IN DOLLARS Gold 1532.10 Silver 18.52 Platinum 955.40 DATE CLOSE CHGCHICAGO BOT NEW YORK Chicago BOT is in cents. CLOSE CHGNEW YORK ExchangeRatesFutures PreciousMetals Corn Dec 19 374.75 Soybeans Nov 19 894.25 Wheat Dec 19 481.75 DATE CLOSE CHG Crude oil Nov 19 57.29 Gas blend Oct 19 1.6543 Heating oil Oct 19 196.76 Natural gas Oct 19 2.503 DATE CLOSE CHGCHICAGO MERC Feeder cattle Sep 19 141.25 Live cattle Oct 19 102.12 Hogs Oct 19 62.00 Milk Sep 19 18.26 Copper Sep 19 258.95 PREVCLOSE TRACK YOUR STOCKS AND GET THE LATEST NEWS STLTODAY.COM/BUSINESS 2,720 2,800 2,880 2,960 3,040 SA A 2,920 2,980 3,040 500 Close: 2,966.60 Change: 10 DAYS 24,800 25,600 26,400 27,200 28,000 SA A 26,680 27,000 27,320 Dow Jones industrials Close: 26,807.77 Change: 10 DAYS Advanced 819 Declined 1894 New Highs 96 New Lows 21 Vol.

(in mil.) 3,665 Pvs. Volume 3,060 2,192 1,701 646 2340 60 96 NYSE NASD DOW 27079.68 26704.96 26807.77 DOW Trans. 10531.88 10295.93 10333.31 DOW Util. 877.55 866.00 874.74 NYSE Comp. 13128.05 12961.23 12992.26 NASDAQ 8158.83 7969.65 7993.63 500 3007.98 2957.73 2966.60 400 1956.83 1921.89 1925.68 Wilshire 5000 30754.31 30219.53 30302.32 Russell 2000 1562.63 1530.33 1533.59 HIGH LOW CLOSE CHG.

WK MO QTR YTDStocksRecap Facebook is buying CTRL Labs, a developer of software for controlling computers with the mind. The China-based electric car mak- second quarter results were disappointing, and it will cut jobs. The iPhone maker rose as investors grew confident that U.S.-China trade talks will go ahead as planned. Companies in the energy sector were weighed down by falling crude oil prices. The cybersecurity software and ser- vices company trimmed its revenue forecast for the fiscal year.

The electronics manufacturer beat Wall fiscal fourth quarter profit expectations and made a solid forecast. SOURCE: FIS AP Stocks were volatile Tuesday as investors watched developments surrounding a potential im- peachment probe of President Donald Trump and worked through economic data that showed a drop in consumer con- fidence. Traders moved into saf- er assets like bonds and gold. 29.2 PE: 12.8 18.6 30.7 25 30 $35 SJ A Jabil JBL Close: $32.85 1.52 or 4.9% $21.49 $33.79 Mkt. Cap: 4.9m (4.6x avg.) $5.0 52-week range PE: Yield: 1.0% 5 6 7 $8 SJ A BlackBerry BB Close: $5.81 or $5.73 $12.00 Mkt.

Cap: 37.8m (8.9x avg.) $3.2 52-week range Yield: 15 20 $25 SJ A Halliburton HAL Close: $19.49 or $16.97 $42.57 Mkt. Cap: 18.5m (1.3x avg.) $17.1 52-week range PE: Yield: 3.7% 180 200 220 $240 SJ A Apple AAPL Close: $217.68 or $142.00 $233.47 Mkt. Cap: 31.2m (1.2x avg.) $983.7 52-week range PE: Yield: 1.4% 2 3 $4 SJ A NIO NIO Close: $2.17 or $1.97 $10.64 Mkt. Cap: 122.2m (5.2x avg.) $2.3 52-week range PE: Yield: 160 180 200 $220 SJ A Facebook FB Close: $181.28 or $123.02 $208.66 Mkt. Cap: 18.5m (1.3x avg.) $436.1 52-week range PE: Yield: Inc 26.80 38.75 37.38 7 2.04 Aegion Corp AEGN 14.12 25.54 20.65 27 Allied Hlthcre Prod AHPI 1.25 2.80 1.38 dd Amdocs DOX 52.60 67.57 65.95 18 1.14 Ameren Corp AEE 62.51 79.39 79.56 28 1.90 ABInBev BUD 64.55 102.70 93.83 23 3.19e Arch Coal ARCH 70.16 101.92 69.31 4 1.80 Avadel Pharma AVDL 1.03 5.37 4.34 dd Bank of America BAC 22.66 31.17 28.94 10 0.72f Belden Inc BDC 37.79 72.80 51.25 13 0.20 Boeing BA 292.47 446.01 381.65 36 8.22 Build-A-Bear Wkshp BBW 2.31 9.03 2.78 dd Bunge Ltd BG 47.26 72.35 55.55 24 2.00 Caleres Inc.

CAL 14.30 37.82 23.28 11 0.28 Cass Info. Systems CASS 44.35 60.68 55.57 16 1.04b Centene Corp. CNC 44.50 74.49 45.78 13 Charter CHTR 272.91 431.43 417.53 83 Cigna CI 141.95 226.61 157.91 15 0.04 Citigroup 48.42 73.98 67.90 9 2.04f Commerce Banc. CBSH 53.40 69.34 60.46 16 1.04 Edgewell EPC 26.36 48.74 31.76 17 Emerson EMR 55.39 79.70 63.99 21 1.96 Energizer Holdings ENR 32.54 61.91 42.86 28 1.20 Enterprise Financial EFSC 36.09 55.61 41.23 12 0.64f Esco Technologies ESE 59.00 85.86 77.98 21 0.32 Foresight Energy FELP 0.31 4.03 .39 dd 0.13 FutureFuel FF 10.17 19.31 11.50 14 0.24a General Motors GM 30.56 41.90 36.77 dd 1.52 Home Depot HD 158.09 235.49 225.41 23 5.44 Huttig Building Prod HBP 1.57 5.04 2.13 dd Lee Enterprises LEE 1.77 3.69 2.04 Lowes LOW 84.75 118.23 110.02 24 2.20 Mallinckrodt plc MNK 1.43 32.34 2.53 MasterCard MA 171.89 293.69 271.12 63 1.32 MCD 161.82 221.93 212.02 32 5.00f Olin OLN 15.38 27.32 18.31 4 0.80 Peabody Energy BTU 14.95 37.37 14.50 0.58f Peak Resorts SKIS 3.75 11.00 11.00 dd 0.28 Perficient PRFT 20.92 39.74 37.71 47 Post Holdings POST 83.88 113.73 106.00 11 Reinsurance Gp RGA 127.84 163.46 159.87 14 2.40 Reliv RELV 3.80 5.89 4.40 dd Spire Inc SR 70.53 88.00 87.17 20 2.37 Stereotaxis, Inc. STXS 3.02 4.75 3.88 Stifel Financial SF 38.39 61.94 56.57 18 0.60 Target Corp.

TGT 60.15 110.94 107.45 18 2.64 UPS UPS 89.89 123.63 117.99 20 3.84 US Bancorp USB 43.14 57.81 55.33 13 1.68f US Steel 10.16 30.91 10.71 6 0.20 Verizon VZ 52.28 61.58 60.51 8 2.46f WalMart WMT 85.78 118.41 118.40 68 2.12f Walgreen Boots WBA 49.03 86.31 53.63 10 1.76 Wells Fargo WFC 43.02 55.04 48.65 11 2.04f 52-WK NAME TKR LO HI CLOSE CHG CHG RTN DIV 52-WK NAME TKR LO HI CLOSE CHG CHG RTN DIV Stocks of Local Interest Dividend Footnotes: a Extra dividends were paid, but are not included. Annual rate plus stock. Liquidating dividend. Amount declared or paid in last 12 months. Current annual rate, which was increased by most recent dividend announcement.

i Sum of dividends paid after stock split, no regular rate. Sum of dividends paid this year. Most recent dividend was omitted or deferred. Declared or paid this year, a cumulative issue with dividends in arrears. Current annual rate, which was decreased by most recent dividend announcement.

Initial dividend, annual rate not known, yield not shown. Declared or paid in preceding 12 months plus stock dividend. Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: Stock is a closed-end fund no ratio shown. cc exceeds 99.

dd Loss in last 12 months. Other: ex-dividend. NET 1YR TREASURIES LAST CHG AGO 5.00 5.50 5.00 1.88 2.38 1.88 PRIME RATE FED FUNDS YEST 6 MO AGO 1 YR AGO 3-month T-bill 1.92 2.16 6-month T-bill 1.90 2.36 52-wk T-bill 1.78 2.57 2-year T-note 1.58 2.81 5-year T-note 1.50 2.95 7-year T-note 1.57 3.03 10-year T-note 1.63 3.07 30-year T-bond 2.09 3.21 NET 1YR BONDS LAST CHG AGO Barclays Glob Agg Bd 1.31 2.13 Barclays USAggregate 2.29 3.47 Barclays US High Yield 5.55 6.26 Moodys AAA Corp Idx 3.02 3.99 Barclays US Corp 2.93 4.08 10-Yr. TIPS .06 .91 Interestrates The yield on the 10-year Treasury note fell to 1.63% on Tuesday. Yields affect rates on mortgages and other consumer loans.

I terestrates 500 2966.60 Frankfurt DAX 12307.15 London FTSE 100 7291.43 Hong Kong Hang Seng 26281.00 Paris CAC-40 5628.33 Mexico City Bolsa 43099.33 Tokyo Nikkei 225 22098.84 Sao Paolo Bovespa 103875.71 Toronto 16798.33 Zurich 9991.31 GlobalMarkets INDEX LAST CHG CHG YTD Charts show stocks that made the news yesterday. Tuesday, September 24, 2019 2,720 2,800 2,880 2,960 3,040 SA A 2,920 2,980 3,040 500 Close: 2,966.60 Change: 10 DAYS 24,800 25,600 26,400 27,200 28,000 SA A 26,680 27,000 27,320 Dow Jones industrials Close: 26,807.77 Change: 10 DAYS DATE CLOSE CHGICE Cotton Oct 19 59.32 Coffee Nov 19 99.15 Sugar Nov 19 25.60 Facebook is buying CTRL Labs, a developer of software for controlling computers with the mind. The China-based electric car mak- second quarter results were disappointing, and it will cut jobs. The iPhone maker rose as investors grew confident that U.S.-China trade talks will go ahead as planned. Companies in the energy sector were weighed down by falling crude oil prices.

The cybersecurity software and ser- vices company trimmed its revenue forecast for the fiscal year. The electronics manufacturer beat Wall fiscal fourth quarter profit expectations and made a solid forecast. SOURCE: FIS AP Stocks were volatile Tuesday as investors watched developments surrounding a potential impeachment probe of President Donald Trump and worked through economic data that showed a noticeable drop in U.S. consumer confidence. The Dow Jones Industrial Average swung from a gain of 130 points to a loss of around 245 points after reports said more Dem- ocrats were in favor of launching an impeach- ment inquiry against the president.

29.2 PE: 12.8 18.6 30.7 25 30 $35 SJ A Jabil JBL Close: $32.85 1.52 or 4.9% $21.49 $33.79 Mkt. Cap: 4.9m (4.6x avg.) $5.0 52-week range PE: Yield: 1.0% 5 6 7 $8 SJ A BlackBerry BB Close: $5.81 or $5.73 $12.00 Mkt. Cap: 37.8m (8.9x avg.) $3.2 52-week range Yield: 15 20 $25 SJ A Halliburton HAL Close: $19.49 or $16.97 $42.57 Mkt. Cap: 18.5m (1.3x avg.) $17.1 52-week range PE: Yield: 3.7% 180 200 220 $240 SJ A Apple AAPL Close: $217.68 or $142.00 $233.47 Mkt. Cap: 31.2m (1.2x avg.) $983.7 52-week range PE: Yield: 1.4% 2 3 $4 SJ A NIO NIO Close: $2.17 or $1.97 $10.64 Mkt.

Cap: 122.2m (5.2x avg.) $2.3 52-week range PE: Yield: 160 180 200 $220 SJ A Facebook FB Close: $181.28 or $123.02 $208.66 Mkt. Cap: 18.5m (1.3x avg.) $436.1 52-week range PE: Yield: Facebook is buying CTRL Labs, a devel per of ftware for controlling compu ers with the mind. The China-based electric car k- second quarter results wer disappointing, and it will cut jobs. The iPhone maker rose as investors grew confident that U.S.-China trade talks will go ahead as planned. Compani in the nergy sector were weighed down by falling crude oil prices.

Th cybersecurity software and ser- vices co pany trimm its revenue ecast for th fiscal year. The electronics manufac urer beat Wall fiscal fourth quarter profit expectations and made a solid forecast. SOURCE: FIS AP Stocks wer volatile Tuesday as investors watched developments surrounding a potential i peachm nt probe of President onald Trump an worked thr ugh economic data that showed noticeable drop in U.S. consumer confidence. The Dow Jones Industrial Average swung from a gain 130 point to a loss of around 245 points after reports said more Dem- ocrats were in vor of launching impeach- ment inquiry against th president.

29.2 PE: 12.8 18.6 30.7 25 30 $35 SJ A Jabil JBL Close: $32.85 1.52 or 4.9% $21.49 $33.79 Mkt Cap: 4.9m (4.6x avg.) $5.0 52-w ek range PE: Yield: 1.0% 5 6 7 $8 SJ A BlackBerry BB Close: $5.81 1.70 or $5.73 $12.00 Mkt Cap: 37.8m (8.9x avg.) $3.2 52-w ek range Yield: 15 20 $25 SJ A Halliburton HAL Close: 9.49 1 12 or $16.97 $42.57 Mkt. Cap: 18.5m (1.3x avg.) $17.1 52-w ek range PE: Yield: 3.7% 180 200 220 $240 SJ A Apple AAPL Close: $2 7.68 1 04 or $142.00 $233.47 Mkt. Cap: 31.2m (1.2x avg.) $983.7 52-w ek range PE: Yield: 1.4% 2 3 $4 SJ A NIO NIO Close: $2.17 0.55 or $1.97 $10.64 Mkt Cap: 12 (5.2x avg.) $2.3 52-w ek range PE: Yield: 160 180 200 $220 SJ A Facebook FB Close: $181.28 5 54 or $123.02 $208.66 Mkt. Cap: 18.5m (1.3x avg.) $436.1 52-w ek range PE: Yield: Facebook is uying CTRL Labs, a developer ftware for controlling computers with the mind. The Ch na-based electric ar mak- second quarter results wer disappoi ting, and it will cut jobs.

The iPhone maker rose as investors grew confident that U.S.-China trade talks will go hea as planned. Compani i the energy sector were weighed down by falling crude oil prices. The cybersecurity softwar and ser- vices company trimm its rev nu forecast or the fiscal year. The ele ronics manufacturer at Wall fiscal fou quarter profi expectations and made a solid forecast. SOURCE: FIS AP Stocks re vol tile Tue day as investors watched dev lopments surrounding a potential impeachment prob President Donald rump and worked through economic data that show a noticeable drop in U.S.

consumer confidence. The Dow Jone Industrial Average swung from a gain 130 ints to a loss of around 245 point fter reports said more Dem- ocrats were in favor of launching an impeach- me inquiry against the president. 29.2 PE: 12.8 18.6 30.7 25 30 $35 SJ A Jabil JBL Close: $32 85 1.52 or 4.9% $21.49 $33.79 Mkt. Cap: 4.9m (4.6x avg.) $5.0 52-week range PE: Yield: 1.0% 5 6 7 $8 SJ A lackBerry BB Close: $5.81 or $5.73 $12.00 Mkt. Cap: 37.8m (8.9x avg.) $3.2 52-week range Yield: 15 20 $25 SJ A Halliburton HAL Close: $19.49 or $16.97 $42.57 Mkt.

Cap: 18.5m (1.3x avg.) $17.1 52-week range PE: Yield: 3.7% 180 200 220 $240 SJ A Apple AAPL Close: $217.68 -1. 4 or $142.00 $233.47 Mkt. Cap: 31.2m (1.2x avg.) $983.7 52-week range PE: Yield: 1.4% 2 3 $4 SJ A NIO NIO Close: $2.17 or $1.97 $10.64 Mkt. Cap: 122.2m (5.2x avg.) $2.3 52-week range PE: Yield: 160 180 200 $220 SJ A Facebook FB Close: $181.28 or $123.02 $208.66 Mkt. Cap: 18.5m (1.3x avg.) $436.1 52-week range PE: Yield: Facebook is buying CTRL Labs, a developer of software for controlling computers with the mind.

The China-based electric car mak- second quarter results were disappointing, and it will cut jobs. The iPhone maker rose as investors grew confident that U.S.-China trade talks will go ahead as planned. Companies in the energy sector were weighed down by falling crude oil prices. The cybersecurity software and ser- vices company trimmed its revenue forecast for the fiscal year. The electronics manufacturer beat Wall fiscal fourth quarter profit expectations and made a solid forecast.

SOURCE: FIS AP Stocks were volatile Tuesday as investors watched developments surrounding a potential impeachment probe of President Donald Trump and worked through economic data that showed a noticeable drop in U.S. consumer confidence. The Dow Jones Industrial Average swung from a gain of 130 points to a loss of around 245 points after reports said more Dem- ocrats were in favor of launching an impeach- ment inquiry against the president. 29.2 PE: 12.8 18.6 30.7 25 30 $35 SJ A Jabil JBL Close: $32.85 1.52 or 4.9% $21.49 $33.79 Mkt. Cap: 4.9m (4.6x avg.) $5.0 52-week range PE: Yield: 1.0% 5 6 7 $8 SJ A BlackBerry BB Close: $5.81 or $5.73 $12.00 Mkt.

Cap: 37.8m (8.9x avg.) $3.2 52-week range Yield: 15 20 $25 SJ A Halliburton HAL Close: $19.49 or $16.97 $42.57 Mkt. Cap: 18.5m (1.3x avg.) $17.1 52-week range PE: Yield: 3.7% 180 200 220 $240 SJ A Apple AAPL Close: $217.68 or $142.00 $233.47 Mkt. Cap: 31.2m (1.2x avg.) $983.7 52-week range PE: Yield: 1.4% 2 3 $4 SJ A NIO NIO Close: $2.17 or $1.97 $10.64 Mkt. Cap: 122.2m (5.2x avg.) $2.3 52-week range PE: Yield: 160 180 200 $220 SJ A Facebook FB Close: $181.28 or $123.02 $208.66 Mkt. Cap: 18.5m (1.3x avg.) $436.1 52-week range PE: Yield: TRACK YOUR STOCKS AND GET THE LATEST NEWS STLTODAY.COM WednesdAy 09.25.2019 A11 1 WeWork CEO steps down: We- Work co-founder Adam Neumann stepped down as CEO following a delayed initial public offering.

The company, which runs trendy com- munal office spaces, said Tuesday that Neumann will remain non- executive chairman. Artie Minson, formerly co- president and chief financial of- ficer, and Sebastian Gunningham, formerly vice chairman, will be- come joint CEOs. WeWork had trouble selling its IPO after revealing massive losses. It also revealed that Neumann used WeWork stock to secure a $500 million personal loan and got paid $6 million for a trademark on the word He returned the money following the backlash. New overtime rule in place: The Labor Department issued a rule Tuesday that will make overtime pay available to 1.3 million addi- tional workers, though the pro- posal replaces a more generous one advanced by former President Barack Obama.

The department is raising the annual salary companies must pay in order to exempt workers from overtime to $35,568 from $23,660. Americans earning less typically must be paid time and a half for any work over 40 hours a week. Many retail and fast-food work- ers are paid just above the $23,660 threshold, which has been in place since 2004, and required to work overtime without extra pay. Under Obama, the Labor Department proposed raising the threshold to more than $47,000. Consumer confidence falls: U.S.

consumer confidence posted the biggest drop this year as Ameri- expectations for the econ- omy and the job market deterio- rated, posing a risk to the house- hold spending that is underpin- ning growth. The Conference index decreased to 125.1 in September from 134.2 in August. The level of confidence remains high enough to suggest that consumers will continue to support the record- long U.S. expansion, though spending may moderate. VW bosses charged: German prosecutors charged Volkswa- chief executive, chairman and former CEO with stock ma- nipulation for not telling inves- tors in 2015 about the emissions scandal.

CEO Herbert Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn were ac- cused of deliberately informing markets too late about the huge costs to VW that would result from the scandal, which erupted when regulators discovered that millions of diesel cars had been fitted with software designed to thwart pollution tests. Google wins in court: Handing Google a major victory, the Euro- pean highest court ruled Tuesday that to be forgot- rules do not apply outside the 28-nation bloc. For five years, people in Europe have had the right to ask Google and other search engines to delete links to outdated or embarrassing information about themselves, even if it is true. More recently, privacy regulator wanted the rule applied to all of search engines, even those outside Europe. The European Court of Justice declared there is obligation under EU law for a search engine to abide by the rule be- yond the EU.

Comscore fined $5 million: Data- measurement firm Comscore set- tled fraud charges with the Secu- rities and Exchange Commission and will pay a $5 million penalty. Former CEO Serge Matta will pay $700,000 and give Comscore back $2.1 million from his pay and sales of company stock. Comscore and Matta did not admit or deny the charges. The commission said Com- score fraudulently inflated its revenue by $50 million between 2014 and 2016, lied about adding new customers and said sales of a flagship product grew rather than fell. Comscore, based in Reston, Virginia, tracks digital and TV audiences and movie ticket sales.

From news reports BUSINESS DIGEST BY ANNIKA MERRILEES St. Louis Post-Dispatch Budweiser has unveiled a new limited-supply black lager in partnership with Jim Beam, the Kentucky bourbon whiskey maker. Anheuser-Busch reported that the black lager, which is aged with the wooden staves from six-year Jim Beam bourbon barrels, has a toasted malt taste, chocolate and coffee notes, and an alcohol con- tent of 7.1% by volume. Last September, the companies released a limited-edition beer called Budweiser Reserve Copper Lager, which was also aged with Jim Beam bourbon barrel staves. Budweiser Reserve Black Lager will be available from October through December, while sup- plies last.

The copper lager, which has a toasted oak aroma and nutty taste, is available through March 2020. Chris Shepard, a senior edi- tor of Craft Brew News, said that these reserve beers are a way for Budweiser to play in a space that has mostly been owned by craft beer. Innovation, one-offs and col- laborations, he said, are all meth- ods that the craft beer industry frequently uses. Over the past decade, Shepard said, companies have struggled with sales of cheaper beers, while the sector, which includes imports, cider and craft beer, has sold better. This year, he said, that trend may be accelerating.

Anheuser-Busch owns several craft breweries, including Goose Island Beer purchased in 2011; Elysian Brewing which it bought in 2015; and Wicked Weed Brewing, purchased in 2017. As of Sept. 14, Bud Light is down 7.7% in volume this year, and Budweiser is down 6.6%. This is according to Nielsen data, provided by Shepard, that largely tracks sales at grocery and conve- nience stores. Budweiser, Jim Beam team up again BY ANNIKA MERRILEES St.

Louis Post-Dispatch Wildwood-based Peak Resorts, owner of Hidden Valley ski resort, is now owned by Colorado-based Vail Resorts. Vail Resorts closed on its pur- chase of the company for $11 per share Tuesday, bringing 17 ski ar- eas into its international network. are thrilled that with this acquisition, skiers and riders living in and around some of the biggest cities in the country will now have access to both ski close to home and at renowned mountain resorts around the world with just one said Rob Katz, chairman and chief executive of Vail Resorts. For the upcoming 2019-20 ski season, Vail Resorts said it will honor all Peak Resorts pass prod- ucts. It will continue to sell them through the fall.

For this season, Vail Epic Pass, Epic Local Pass, Epic Australia Pass and Military Epic Pass will include unlimited and unrestricted access to the 17 ski areas in Peak network. Vail Resorts said it now owns and operates 37 resorts worldwide, including locations in British Co- lumbia and Australia. The company plans to invest approximately $15 million in its newly acquired resorts over the next two years. Peak Resorts President and CEO Tim Boyd opened the Hidden Val- ley resort in Wildwood in 1982. Despite a run of warm weather that prompted an eight-day clo- sure, the resort attracted $750,000 in revenue during its first winter.

In 1985, the company opened an- other resort in Snow Creek, north of Kansas City. To attract offseason visitors, Hidden Valley opened a zipline attraction this year. Ski giant Vail wraps up purchase of Wildwood-based Peak Resorts BY REUTERS HONG KONG Anheuser- Busch InBev raised about $5 bil- lion after pricing the Hong Kong IPO of its Asia-Pacific business at the bottom of the expected range, two people with direct knowledge of the matter told Reuters. The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering of Budweiser Brewing Company APAC priced shares at the lower end of the to range, they said. At a final deal size of $5 bil- lion, the IPO will be the second- biggest globally this year, trailing only the $8.1 billi flotation of Uber Technologi Inc.

in May, data from Refinitiv show. The offering was one of several sizable IPOs seen as tests of inves- tor sentiment following anti-gov- ernment protests that have roiled Hong Kong for nearly four months and weighed on the stock market. A-B InBev Asia unit raises $5 billion ith IPO.