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In the intensely competitive world of beer sales, size may not help win the consumer stakes

LONDON It’s no fun being in the middle.

Heineken, Molson Coors and Carlsberg are storied brewers that trace their roots back hundreds of years and have loyal drinkers around the world. But the merger of their two biggest competitors leaves such mid-size brewers without a clear way forward.

’Blue Moon’ diamond sold for $48.5 million at Sotheby’s auction in Geneva, setting new record

GENEVA An exceptionally large blue diamond sold Wednesday for 48.6 million Swiss francs ($48.5 million) ‚Äî a new record price for any jewel at auction, Sotheby’s said, culminating two Geneva auctions in which a convicted Hong Kong tycoon on both times bought a rare colored diamond to honour his daughter.