Steve Hendy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Here in the next couple of weeks. as you see, we have much higher ceilings here than we do in the other space. that wall is coming down. there'll be about 25 200-barrel tanks in this other space. >> this is no longer a microbrewery. you're now brewing on an industrial scale. >> that's true. >> if you're going to brew, you must sell on an indust treeial scale to adjust fie the investment. over the course of the next few months, we'll watch and see how successful steve is moving into new and promising markets like india and china and whether rising costs will eat into beer profits. o'. >> report...

>> reporter: williamsburg, brooklyn, a trendy home for young new yorkers with fashionable restaurants, riveting new riverside apartments, and a boominging business in beer. i've come to new york to brooklyn to meet our new boss who runs a company that many people dream of owning, a brewery. and this brewery is a successful profitable business with a growing presence. steve hendy is the boss and when he started the company he named it after the local area, the brooklyn brewery. steve and his one-time partner john potter opened the brewery

Quest for anybody, and, you know, i thought if i don't do it now, i'm never going to do it. >> reporter: williamsburg was a gritty and grimy place in the 1980s, often dangerous. the manufacturing hub far from the chic destination it is today. >> we did raise $300,000 on a weekend in october 1987. the next monday was black monday when the stock market crashed 300 points down. everyone freaked out. and we were dead in the water. we had the 300 we needed to start. it took us another six months to raise the other $200,000. >> reporter: it took until 1994 to turn a profit. now brooklyn beer has sal...

In 1988. for steve, this was as big a career change as they come. before he worked as a journalist for the middle east. >> i loved what i was doing as a war correspondent for ap, but my wife got fed up with the whole thing and said, i'm going back to new york, taking the kids, hope you join us, but if not, have a nice life. >> reporter: back in the states steve had his big idea, to turn a pastime into a profession. >> i began to try to convince tom that we should quit our jobs and start a brulery at a time when we both have mortgages, we both had young kid cans. it wasn't the greatest time to ...

doing enough to protect cities like misrata. they say it's been hard to do air strikes. officials of the japanese oil company tepco say they have stopped the leakage of high rates of radioactive water at the daiichi facility. they say the so-called liquid gas they injected into the seaside pit stopped the outlowe. he is accused of paying for sex with a 17-year-old belly dancer. the scandal-ridden leader denies the charges. those are the headlines. i'm zain verjee at cnn in london. "world business today" starts now. -- captions by vitac -- www.vitac.com good morning from cnn lon...