About an hour or so ago, Dale Earnhardt Jr. announced that he would go to Hendrick Motorsports starting in 2008 for the next five years. But Budweiser -- which has a personal services agreement with Junior through 2008 and was the primary sponsor of his No. 8 DEI car -- wasn't part of the announcement.
Bill Ackman, the self-styled activist investor, is taking aim at Anheuser Busch, CNBC has learned.While Ackman would not return calls for comment, people who who have been approached about investing in an activist campaign led by Ackman, firmly believe the target is Anheuser Busch, the leading American brewer.
Beer and sports have always had a strong connection that has been fortified by the fact that alcohol companies spend so much money to appeal to sports fans. Now consider the fact that this has happened. A pitcher for the St. Louis Cardinals, a team that was owned for four decades by Anheuser Busch, and has a greater connection to beer than any other team in sports, died from drinking too much. This came after the team's manager, Tony LaRussa, was charged with a DUI in March after he was found asleep at the wheel with his car running at a green light. Now there's yet another connection. Hancock's father is now suing, among others, Mike Shannon's Restaurant owned by the longtime Cardinals broadcaster for serving his son alcohol when they knew he was drunk even though Shannon's daughter claims she even offered to call him a cab. You couldn't have dreamed this one up.
Amgen, Budweiser, Disney and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Anheuser-Busch said that quarterly profit rose, helped by cost cutting and higher beer prices. But the results fell short of analysts' expectations.
CNBC's Donny Deutsch, the host of "The Big Idea" and self-described "ad sherpa, says that sponsorship, more than politics, may spell the professional doom of radio host Don Imus.Speaking on "Power Lunch," Deutsch talked about Imus' comments about the Rutgers University womens' basketball team with Sue Herera. Deutsch said "what really matters" is when the advertisers weigh in. "It's about money."
Baseball fans have been waiting for the umpires' cry of "Play Ball!" since October, but it's the corporate sponsors, stadium concession operators and media companies that broadcast the games that stand to benefit the most from Opening Day.
InBev, the world's largest brewer by volume, said Thursday fourth-quarter profit more than doubled as the company increased sales across all regions except Western Europe
In 1636, Dutch investors went wild over tulips, investing the value of entire homes into the flower bulbs. Will the drive for biofuels make barley the 21st Century's tulip -- and render beer a wild extravagance? DTN's Darin Newsom says that "could take a while."
A money manager told CNBC's "Morning Call" on Friday that the economy is set for a slowdown this year ,and said the Fed is likely to cut interest rates. "Housing is going to suck away retail sales, clearly there has been a lot of money spent on the upside with the mortgage equity withdrawal." said Ned Riley of Riley Asset Management. "We're going to get back to a much slower growth rate and eventually the Fed is going to become concerned."
Molson Coors Brewing , one of the world's biggest brewers, said that its fourth-quarter profit soared on increased sales volume, a lower tax rate and cost savings.
Anheuser-Busch is said to be in preliminary merger talks with Belgian brewer InBev, according to a report in a Brazilian business daily Valor Economico.
Over the past couple of days, I've bashed (Anheuser-Busch's) Budweiser for their Super Bowl commercials. Not because they weren't good -- I actually thought that they were the only ones that were good. But because I don't believe people slapping each other makes me want to buy your beer. Also: Super Bowl gambling may be weaker, but Michael Jordan is bigger than ever.
Fourth-quarter net income for the largest U.S. brewer was $191 million, or 25 cents a share, compared with $146 million, or 19 cents a share, a year ago.
The Colts and the Bears aren’t the only competitors with their sights set on Super Bowl Sunday. Dozens of advertisers will also square-off, hoping to win audience with memorable commercials. And if the ad is truly a standout, it could also make headlines the next day. But advertising on the Super Bowl doesn’t come cheap.
Beer causes fights. Beer kindles friendships. In the case of Anheuser-Busch and its longtime Czech rival, beer is making both things happen at once.
Anheuser-Busch said that U.S. shipments of beer rose in 2006, driven by mainstay brands such as Bud Light and the addition of smaller brands such as Rolling Rock, and said that volume and earnings should grow in 2007.
Maria Sharapova has endorsement deals with Nike, Land Rover, Tag Heuer, Canon, Motorola and Colgate. But I always thought she was missing the drink category. That will change likely tomorrow when PepsiCo is expected to announce a deal with the 19-year-old tennis beauty. Also, Michael Jordan and his wife have called it quits after a 17-year marriage. The timing of the announcement, just a couple days before the end of the year, was best for Jordan...