Molson Coors Takes A Big Loss in First Quarter

The $3.4 billion merger of Molson Coors has led to the company's net loss of $46.5 million in the first quarter. In the first quarter of last year, Coors posted a profit of $4.8 million. So what happened? Molson Coors president and CEO, Leo Kiely said, "The common underlying cause for difficult first quarter results was the lack of volume growth in each of our major markets. While disappointing, this performance reinforces the importance of integrating the operations and organization of the combined company, so we can capitalize on our new strengths and build an even more competitive and profitable global enterprise." According to an latest ebusiness news