If the NFL doesn't want to lose sponsors, it must act soon, the former head of sports marketing for Anheuser-Busch said.» Read More
Warren Buffett's Berkshire Hathaway bought 1.62 million shares of Burlington Northern Santa Fe in the past few days, according to a filing late Tuesday with the Securities and Exchange Commission.
Anheuser-Busch, the U.S.' largest brewer, said Wednesday its second-quarter profit rose 6.1 percent, on a 6.1 percent rise in sales. The maker of Budweiser, Bud Light and other beers earned $677 million, or 88 cents per share, in the three months ended June 30; the figures are up from $638 million, or 82 cents per diluted share, in the same period in 2006.
Brewer Anheuser-Busch has virtually "no choice" but to combine with rival Belgium-based brewer InBev S.A. to raise its global profile, a Citigroup analyst said on Monday.
Mergers and acquisitions and a generous portion of quarterly earnings along with OPEC news is turning the stock market picture back to the plus side after Friday's selloff, though looming in the background are credit market concerns.
Hendrick Motorsports announced moments ago that Budweiser will not in fact be the primary sponsor of Dale Earnhardt Jr. While it's a really bad thing for Budweiser--any other driver they get won't be as big as Dale Jr,--I think in the end, it's better for Dale Jr. It's just another signal of a fresh start. New team, new logo and I'd advise him and Hendrick to give him a new number as well.
The five foundations billionaire Warren Buffett has pledged most of his $49 billion fortune to received their second annual gifts of Class B shares of Berkshire Hathaway on Monday.
This week, Pepsi is expected to give way to Coke as the official beverage of most of NASCAR’s tracks and speculation is that Pepsi will be putting some of the money they would have used for the tracks, to getting its Mountain Dew brand on Dale Earnhardt Jr's, racing car hood next year. If that trade-off really happens, it’s a cinch for Pepsi and a dumb move for Coke. The bottom line is people aren’t fans of tracks or fans of the organization itself (NASCAR).
Anheuser-Busch, the world's largest brewer, introduced an Indian-brewed Budweiser on Friday as part of the company's plan to tap into the country's booming economy, a top official said.
Investors may want to raise their glasses to beer stocks on July 4th, because the holiday can generate about 5% of annual beer sales.
There are ways to play the stock market when interest rates are rising, analysts say, but investors should proceed with caution. "The market doesn't normally do well with rising interest rates, so a more defensive posture is in order," Bruce Bittles, chief investment strategist at Robert W. Baird, told CNBC.com."
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."