Jim Beam bourbon maker Fortune Brands said Wednesday that it will focus on its liquor business, spinning off or selling other parts of the company, including home furnishings and Titleist golf products.
Really bad stock markets knock down shares of all kinds. That's essentially what has been happening since the start of 2008, as subprime fallout led to recession anxiety. But not every market sector faces the same problems and uncertainties.
Fortune Brands Inc. posted better-than-expected earnings Friday as strength in the spirits and golf business largely offset the impact of the housing market downturn on the company's home products business.
SI.com: ClubTest 2006updated: Sun Jul 08 2007 21:20:00
Few experiences rival the euphoria of unwrapping a shiny new golf club. (It's way better than a shiny new pair of socks.) We want to make sure your next new club is the absolute right one for you. So we commissioned 40 ClubTesters to poke and prod the latest sticks under all playing conditions--on the golf course, at the driving range, in good weather and bad (including wind and rain)--at the Grand Cypress Resort in Orlando, Fla.
SI.com: Blue Collaredupdated: Tue Mar 20 2007 12:33:00
Westchester Country Club would seem to be an ideal breeding ground for tour pros. It has two 18-hole courses, a nine-hole par-3 layout, a sprawling practice tee, two huge practice greens and a short-game practice area. There are droves of kids in the junior program, and virtually all of them have well-heeled parents who furnish them with the latest equipment, lessons with the club's seven instructors and funds to compete around the country. A PGA Tour event has been held on the grounds every year since 1967.
This is already shaping up to be a banner year for one Internet industry. Unfortunately, it's the fraud business.
This is already shaping up to be a banner year for one Internet industry. Unfortunately, it's the fraud business. Though official numbers are scarce, online protection company MarkMonitor says a re...
SI.com: Old Friendsupdated: Wed Feb 28 2007 11:15:00
My Friday 7:10 a.m. tee time -- first group, first round -- was fast approaching, and there was no daylight in the sky, and now in the clubhouse dining room Fuzzy Zoeller was asking if he could join me for breakfast. Zoeller, winner of the 1979 Masters and the '84 U.S. Open, a man who makes everything look easy, asking me, your garden-variety duffer with a golfing nervous disorder, if he could sit down with me.
SI.com: Square dance updated: Fri Feb 02 2007 14:37:00
We have seen the future of golf and it is ... square?
Investor sentiment just keeps getting worse. There are legitimate reasons to be worried these days. But stock prices - particularly for shares of big, high-quality growth companies - look overly depressed.
A couple of hundred yards from the practice green at Eisenhower Park Golf Course in East Meadow, N.Y., Guerin Rife holds up his latest brainchild, the Two Bar putter, and points it toward the sky l...
Money Magazine: Blue chips on saleupdated: Fri Feb 17 2006 11:46:00
The problem with buying opportunities is that they usually show up just at the moment when most of us are hesitant to put money into stocks. And this looks like one of those moments.
The problem with buying opportunities is that they usually show up just at the moment when most of us are hesitant to put money into stocks. And this looks like one of those moments. After teasing ...
Here's how I see the outlook for stocks shaping up in 2006: Large swaths of the market are now undervalued, and many giant growth stocks are out-and-out bargains. If the economy performs as expecte...
Fortune: The new heavy metalupdated: Mon Sep 05 2005 00:01:00
The hottest luxury material this fall is stronger than gold, lighter than platinum, and cooler than silver. It's titanium, and everyone from golf-club designers to jewelers are finding new uses for...
Money Magazine: Buyer Be Self-Awareupdated: Tue Mar 01 2005 00:01:00
You may think of yourself as the most savvy of consumers, immune to the siren songs of advertisements, able to turn a blind eye to the Internet pop-ups that seem to know what you're thinking. Not e...
Hearts are often broken by kind words left unspoken, but right now your financial plans are more likely to be derailed by investments left unmade. The strategic decisions you reach at this point in...
Money Magazine: Eight stocks to buy nowupdated: Thu Jul 22 2004 13:57:00
The strategic decisions you reach at this point in the recovery will determine your investing results not only for the coming 12 months but for the next five years or more.
Hearts are often broken by kind words left unspoken, but right now your financial plans are more likely to be derailed by investments left unmade.
CNNMoney: 3 safe havensupdated: Tue Mar 16 2004 18:49:00
In a turbulent market, low-risk stocks look even more attractive than usual.
In a turbulent market, low-risk stocks look even more attractive than usual.
Wall Street lore holds that the stock market's action during the first few days of January foreshadows share price behavior for the rest of the year. And it's a truism that contains a little real truth.
--The MAC Powersphere from Burrows Golf attracted buzz at the PGA Show, and not just because the indent on the bottom looks as if it could hold a scoop of Jamoca Almond Fudge. Burrows applied Newto...
For years, people considered Lowe's a poor man's Home Depot. It's true that when you think home improvement, you usually think big orange. (For the record, Lowe's color is blue.) Indeed, Home Depot...
I've been preaching for a while now that the most active stocks--Oracle, Sun, Intel, etc.--are not necessarily going to get investors to Christmas anymore. These are 1990s hangover stocks. People s...
Best new golf ball. Can't make par? Make room for the Titleist ProV1. This ball could help you lower your score by adding 10 to 20 yards to drives and giving you newfound height with irons. A dense...
Golfers are blessed with and plagued by gear and the companies that make it. Whenever the Next Big Thing comes along (weekly, it seems), we're forced to step back from our office putting strips and...
Every industry has its Mecca. Technology has Silicon Valley. Autos, Detroit. Cosmetic surgery, Hollywood. And golf? Carlsbad, a suburban oasis dedicated to the proposition that a golf ball can alwa...
I quit golf last year. Again. The time and money it demanded, not to mention the frustration it caused, had gotten to me, and by late fall I had sworn off the game completely. But then came this ye...
FOUR SEASONS PUNTA MITA: From the third tee of the golf course at the new Four Seasons Resort in Mexico's Punta Mita, northwest of Puerto Vallarta, the sunset over Banderas Bay is stunning: towerin...
With vigilance and accuracy that humans cannot match, tireless electronic eyes are inspecting and guiding an ever-widening array of industrial processes. Machine vision, the proper name for the tec...
We've spent a long time around these parts trying to build the FORTUNE name, so you can imagine our surprise a few weeks back when American Brands decided that they wanted a piece of it. When the c...
Do you fantasize about outdriving Nick Price? Then you're likely obsessed with that crucial piece of golf equipment: the ball. America's 24.5 million recreational golfers, up from 16.5 million in 1...
Conservative investors might be inclined to pass on American Brands (symbol: AMB; recently traded on the New York Stock Exchange at $32.75; 6.1% yield), given the troubles in the U.S. tobacco indus...
Cheap liquor and cigarettes sound like a prescription for a headache -- but not at American Brands, a beverage and tobacco conglomerate that just paid Seagram $372.5 million for seven of its second...
''The most puzzling choice we've got on our hands this year is which ball to play,'' says James W. Pilz, 57, a 5-handicap golfer and executive vice president of Timken Co., the big bearings maker i...
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