Canada Staving off Recession; H&R Block Rebounds; Kellogg Buys Chinese Cookie Kingpin; Occidental Petroleum: New $1.1 Billion Hydrocarbon Plant; This Bud’s Not For You; Eurzone Inflation Hits 4%; Dubai Ties Into Russia’s Energy Sector; Tyson Takes a Bite Out of Indian Food Poultry Processor Canada posted 0.4% economic growth for the month of April, after falling in the red for the first three months of the year - its first negative quarter in five years. Economists warned this rebound isn’t forward looking, as U.S. demand is still low amid the subprime credit fallout and high gasoline costs, Bloomberg reported. Tax preparing leader H&R Block Inc. (HRB) said yesterday (Monday) that it posted 11% revenue for its fiscal fourth quarter, a dramatic shift from its previous quarterly loss. The company benefited from the sale of its Option One ...

Two weeks ago, I wrote an article in Money and Markets talking about Bud's surge on takeover rumors. And I pointed out that InBev's rumored buyout price of $65 a share meant there was still plenty of upside ahead. Since then, BUD stock has climbed to $61 a share, good for another 5% profit. Not too shabby given the broad market's performance over the same period. There are still some hurdles to the deal -- inlcuding a strong backlash from U.S. beer fans -- so this may be as far as the shares go for a while. Still, it's nice to see a solid dividend stock tacking on a little capital apprecation in a flagging market.

Three weeks ago, one of my recommended companies announced it was being acquired — at a nice premium — by Mars (with help from Warren Buffett).

Now, another of my favorite consumer staples is reportedly up for grabs, too!

I’m talking about Anheuser-Busch (BUD), which I first recommended in the exact same report that profiled Wrigley.

Last Friday, the Financial Times reported that InBev SA, the giant Belgian brewer, is working on a $46-billion takeover bid for BUD.

The shares rose to a new all-time high of $58 shortly after the news hit the wires. So if you already own BUD stock, you might want to crack open a cold one and celebrate!

And even if you don’t yet own the stock, a $46-billion buyout implies an acquisition price of $65 …