BRUSSELS Anheuser-Busch InBev (ABI.BR), which will soon make almost 30 percent of the world’s beer, wants to serve more low and alcohol-free brews to drinkers trying to live a healthier lifestyle. The Belgium-based brewer, on the verge of buying its largest ri... More »
New York Ray Dalio’s Bridgewater Associates hedge fund firm sold off its stakes in Amazon.com Inc, Coca-Cola Inc, and Gap Inc during the first quarter and added new stakes in Alphabet Inc and McDonald’s Corp, according to the latest regulatory filings. Bridgew... More »
NEW YORK A New York lawyer was sentenced on Thursday to six months in prison for participating in a fraudulent scheme in which a con man impersonated his successful father in order to raise money to buy Maxim magazine. Harvey Newkirk, 40, was sentenced by U.S.... More »
TOKYO Electronics giant Sony Corp said a factory producing image sensors for smartphone makers will remain closed while it assesses the damage from two deadly earthquakes which hit southern Japan. One of its major customers is Apple, which uses the sensors in ... More »
Rock star Bruce Springsteen on Friday canceled a weekend concert in North Carolina to protest a new state law barring transgender people from choosing bathrooms consistent with their gender identity, as country music stars decried similar legislation proposed ... More »
NEW YORK/LOS ANGELES Advertisers played it safe and light with the most expensive ever Super Bowl ad slots on Sunday, shunning previous years’ attempts to be outrageous, emotional or thought-provoking. Mountain Dew rolled out a creature made from a puppy, a mo... More »
MOSCOW/KIEV U.S. drinks firm Coca-Cola on Wednesday blamed a marketing agency for a map used in an online advertising campaign that showed Crimea to be part of Russia and which drew protests and threats of a boycott from angry Ukrainians. Russia annexed the pe... More »
CARACAS Employees at a Pepsi-Cola Venezuela plant have been freed by the government, which had detained them for halting operations for lack of raw materials, Empresas Polar, owner of the local Pepsi (PEP.N) division, said late on Sunday. “Pepsi-Cola Venezuela... More »
SAN FRANCISCO Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn’t justified by a business that ... More »
Nelson Peltz’s Trian Fund Management has accumulated $2.5 billion in General Electric (GE.N) shares since May — a roughly 1 percent stake — making it one of the company’s top 10 shareholders, the Wall Street Journal reported. In a white paper Trian plans to di... More »
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »
CANNES (This version of the story corrects figures on Publicis contract wins, paragraph 13) The reluctance of big companies to spend at a time of lacklustre global growth and fewer major sporting events this year are dampening demand for advertising, said the ... More »
