business news in context, analysis with attitude

• Anheuser-Busch reported first quarter earnings of $511 million, down from $518 million a year ago – a decrease that the company attributed to rising costs not entirely offset by price hikes. Overall revenue rose 5.7 percent, to $4.6 billion.

• Amazon.com yesterday announced that its Q1 net income was up 30 percent to $143 million, compared to the $111 million generated during the same period a year ago. Revenue for the quarter was up 37 percent to $4.13 billion.

KC's View:
From now on, whenever we have an Amazon story, we'll have to add this bit of full disclosure – that I have a business relationship with Amazon that involves our new FoodWireTV.com project, which launches next month.