Market Wrap: FOMC Less Stimulated; Molson's $3.5B Beer Run; Nike Gets NFL Launch Running

Market wrap-up for April 3rd

End of the Day: Dow Jones down 64.9 to 13,199.55; Nasdaq down 6.1 to 3,113.57; S&P 500 down 5.7 to 1,413.31

The following is a brief summary of events moving markets today:

• Only but a ripple in the fabric of QE3: FOMC meeting minutes were released today. Of note, just a few members now see the need for additional stimulus moving forward: "A couple of members indicated that the initiation of additional stimulus could become necessary if the economy lost momentum or if inflation seemed likely to remain below its mandate-consistent rate of 2 percent over the medium run."
  
  For more on the statement, click here.
  
  
• Moar beer plz: Earlier Tuesday, CVC Capital Partners announced that Molson Coors Brewing Company (NYSE: TAP) signed a definitive agreement with StarBev L.P., owned by funds advised by CVC Capital Partners Limited and StarBev management, to acquire StarBev for €2.65 billion ($3.54 billion).
  
  StarBev’s portfolio of more than 20 brands includes local champions such as Borsodi, Kamenitza, Bergenbier, Ozusko, Jelen and Niksicko and also distributes brands such as Stella Artois, Beck’s, Hoegaarden, Lowenbrau, and Leffe under license.
  
  
• "Patents? Yes, we have those too" - Facebook: Reports out Tuesday have Facebook (Nasdaq: FB)(NYSE: FB) firing back at Yahoo! (Nasdaq: YHOO). Last week, Facebook filed an amended S-1 stating that an unfavorable outcome in patent litigation with Yahoo! could be material.
  
  Today, Facebook filed a counter-suit against Yahoo! claiming infringement on 10 patents. The WSJ quoted Facebook General Counsel Ted Ullyot, who put it best in saying, "While we are asserting patent claims of our own, we do so in response to Yahoo's short-sighted decision to attack one of its partners and prioritize litigation over innovation."
  
  
• Milestone contract target achieved! Level up!: Nike Inc. (NYSE: NKE) unveiled its new NFL uniforms under a five-year licensing deal. Though Nike had deals with individual teams in the past, this will be the first time it struck a deal with the whole league. Reports suggest Nike paid $1.1 billion or so for the rights over the next five years.
  
  Jerseys will be available to consumers at the end of April.
  
  
• Big guns start firing in mobile ad market: Samsung is taking its technology to the mobile ad-o-sphere. Aiming at taking market share from Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG), Samsung is utilizing technology from OpenX Technologies, calling its offering the Samsung AdHub Market (hereafter: SAHM).
  
  SAHM will allow advertisers to place more-targeted messages within apps on Samsung tablet and mobile phone offerings. The hub will be available in the second-half of 2012.

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