Business briefing: A-B lining up financing for SABMiller bid

Things are getting serious at Anheuser-Busch InBev, which is reportedly working with banks to line up financing for its bid to purchase SABMiller.

According to the St. Louis Business Journal, A-B has been working with 10 banks, including Bank of America Corp., to secure as much as $70 billion in financing.

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A recent survey reveals that 40 percent of U.S. adults ages 18-34 pay for some of the news they read, although much news is still available online for free. Another 13 percent said they rely on someone else’s paid subscription to get their news, according to the survey by Media Insight Project. Read more here.

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Carnival cruise ships have announced proposed cruises to Cuba. The seven-day voyages are planned from Miami to ports just outside Havana, Cienfuegos and Santiago de Cuba. Although the cruises have already been approved by the United States, Americans travelers still face regulations if they want to go to Cuba. Find out more here.

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Target has announced that it will begin to match its online prices with online competitors such as Walmart and Amazon. Until now, the big-box retailers had only matched competitor’s prices at its stores. Target will also allow customers up to 14 days to get a price adjustment. Learn more here.

— Will Buss, BND business writer

This story was originally published September 30, 2015 at 9:39 AM with the headline "Business briefing: A-B lining up financing for SABMiller bid."