Diageo North America said Thursday it will invest about $415 million to construct a new manufacturing and warehousing facility in Montgomery, Alabama.

Jim Cramer, host of Mad Money, recently discussed some of the significant challenges the alcohol industry is facing.

JPMorgan reiterated its Neutral rating on Diageo PLC (LON:DGE:LN) (NYSE: DEO) shares, maintaining a price target of GBp25.00. Currently trading at $120.70 with a market capitalization of $67.13 ...