Texas A&M fund shutters program that allowed donors to support athlete endorsements, citing IRS memo
The foundation that supports Texas A&M athletics says it is closing a branch set up for donors to support endorsement deals for Aggies athletes
2023-08-10 07:25
UBS posts first quarterly loss since 2017 on Credit Suisse costs
Swiss banking giant UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it...
2023-11-07 21:48
New Mexico regulators fine oil producer $40 million for burning off vast amounts of natural gas
New Mexico oilfield and air quality regulators announced unprecedented fines against a Texas-based oil and natural gas producer on accusations that the company flouted local pollution reporting and control requirements as it burned off vast amounts of natural gas
2023-06-30 07:57
India Gets Temporary Inflation Reprieve, Keeping RBI on Guard
India’s inflation eased for a third straight month in October, although it’s likely to bring only temporary relief
2023-11-14 11:46
Andreessen Horowitz Picks Crypto-Friendly London as International Base
Silicon Valley venture capital firm Andreessen Horowitz is planning to open its first international office in London, citing
2023-06-12 07:17
French supermarkets to demand food groups cut prices by up to 5%
By Helen Reid (Reuters) -Supermarket groups in France could demand price cuts of 2% to 5% from food manufacturers in
2023-09-20 19:15
Coca-Cola eyes more price hikes in emerging markets
Coca-Cola lifted its full-year earnings targets Wednesday after second-quarter results topped estimates as it described plans to limit additional price hikes to emerging markets...
2023-07-27 02:56
Bernanke Review at BOE to Probe Use of Market Rates in Forecasts
Ben Bernanke’s review into the Bank of England’s forecasting process will look into whether the market path for
2023-09-25 21:58
Danone Sales Gain as Yogurt Maker Shifts Costs to Consumers
Danone SA reported faster-than-expected revenue growth as price hikes compensated for a drop in the volume of products
2023-07-26 15:50
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:47
China’s National Planemaker Displays Two New C919 Jet Variants
Comac unveiled two variants of its single-aisle C919 jet at an airshow in Shanghai last week, according to
2023-11-28 11:52
Block Shares Drop Most Since March After Earnings Disappointment
Block Inc., Jack Dorsey’s payments company, tumbled as much as 14% after reporting results that fell short of
2023-08-05 01:16
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