The most recent CNBC Global CFO Council survey finds respondents more confident about global growth prospects and what that means for their companies. Two-thirds of council members say revenue at their companies will increase during this half of the year; more than 50% say margins will increase.
Tax receipts exceeded spending by $116.5 billion in June, producing the largest monthly budget surplus since April 2008, the Treasury Department said. A recovering economy generated more tax revenue, while spending fell 47%. The Obama administration is forecasting that the federal budget deficit will decline to $759 billion this fiscal year, which ends Sept. 30; it would be the smallest deficit in five years. Last month, Standard & Poor's raised the U.S.'s AA+ credit-rating outlook to stable from negative based on receding fiscal risks.
Competition within the whiskey market is heating up, as companies such as Diageo, Beam and Brown-Forman tap into developing markets and experience immense growth for their brands. Diageo recently signed an acquisition deal for Indian whiskey distillery United Spirits, making it a leader in the largest global whiskey market, while Beam and Brown-Forman are posting double-digit sales growth annually with their respective brands.