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  • Drilling Concerns Near Finger Lakes Wineries

    April, 19, 2010
    Economic boom for New York or environmental disaster?In the second half of the 20th century, the Finger Lakes wine region of New York became a tourist destination. Visitors come by the thousands to drive the winding country roads, look at the scenery—vineyards stretching down hillsides toward clea...

  • IRS proposes resolution to wine tax dispute

    April, 19, 2010
    NORTH COAST — The IRS has proposed a resolution to a yearlong debate with accountants for more than two dozen North Coast wine companies caught in an audit sweep over common industry inventory valuation methods. Some of the options could call for the larger vintners to pay hundreds of thousands o...

  • Constellation to buy back shares

    April, 19, 2010
    (Reuters) - Spirits and wine company Constellation Brands Inc (STZ.N) said on Monday it will pay $300 million to repurchase about 11 million shares in an accelerated repurchase deal through Goldman Sachs.The maker of Svedka vodka and Robert Mondavi wine will finance the repurchase using funds from i...

  • Colorado's Wine Industry Faces Uncertain Season

    April, 18, 2010
    Colorado - Cold Winter Could Have Killed Half Of State's Grape Vines.Bruce Talbott strolled down the middle of one of his expansive fields on Orchard Mesa, outside of Palisade. Surrounding him on either side for acres were rows upon rows of Vitis Vinifera vines, or common grape vines.The vines showe...

  • Global wine lovers make own Bordeaux blends with top expert

    April, 18, 2010
    France(AFP) - Not even airspace paralysed by volcanic ash could keep Do-It-Yourself wine enthusiasts from across the world from their first Bordeaux cru and a chance to blend with the palate behind the worlds most famous wines. Fifty-five intrepid DIY winemakers from 10 countries and three continen...

  • Christie's sells 'fake' vintage wine, claims billionaire

    April, 17, 2010
    Allegations that Christie's auction house sold fake wine "over decades" have been made in a New York court.The complaint has been lodged by an American billionaire industrialist, William Koch, and is the latest salvo in a three-year battle that has embroiled Christie's and the leading British wine ...

  • Stimulus recipient files lawsuit over wine train story

    April, 17, 2010
    An Alaska corporation that obtained a $54 million federal stimulus contract to relocate the Napa Valley Wine Train’s tracks is suing the Center for Investigative Reporting, contending it was defamed in a Jan. 31 California Watch story about the project.Suulutaaq Inc. and CEO Samuel Boyle filed th...

  • Wine investments usually turn sour

    April, 17, 2010
    You may have heard about the recent study that shows that collecting wine can be more profitable than buying stocks. It's a fun notion, I agree. But it's also nonsense.Before you start turning your basement into a gigantic wine cellar, ask yourself a question: How many millionaires do you know who m...

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