CNN — When plans for the South African government’s tourism board to sponsor English Premier League club Tottenham Hotspur were leaked and then confirmed last week, they caused widespread public anger. The controversial sponsorship deal, which has been conditionally approved but not yet finalized, is reported to be around $58 million (R1 billion). But South […]
New York CNN — Anheuser-Busch may no longer be the only alcohol brand to advertise at the Super Bowl, but it will still have a major presence — even as rivals pounce on the opportunity, following a 33-year drought. The beer company announced Thursday that it will have three minutes of national air time during […]
Brisbane, Australia CNN — Marion Barter won plaudits for her warmth as an elementary school teacher, but in 1997 the 51-year-old mother-of-two became restless, quit her job, sold her house, and flew from Australia’s beach-lined Gold Coast to start a new life in Europe. Her family never saw her again. If Barter had vanished without […]
New York CNN Business — Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic products had become “a little bit dusty.” “For a while, we were apologetic about the brands that we had,” Patricio told CNN Business. “We got distracted believing that the future was launching new small […]
New York CNN Business — The world is watching the world’s richest man single-handedly destroy one of the world’s most powerful and important communication platforms, just weeks after acquiring it for $44 billion. And of course, the world is watching the dramatic spectacle unfold on — where else? — Twitter. It’s hard to succinctly summarize […]
New York CNN Business — KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht. KFC app users in the country received a message encouraging them to mark the day with crispy chicken and cheese from KFC, according to Twitter […]
New York CNN Business — Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month. Musk’s Tesla stock sales, totaling 19.5 million shares, have been widely anticipated ever since the Tesla CEO reached a deal to buy Twitter for $44 billion. Musk had sold blocks of Tesla […]
New York CNN Business — McDonald’s said this week that it sold half of its new Happy Meals geared toward adults –Cactus Plant Flea Market Boxes– in just four days. But four decades ago, when the first Happy Meal debuted, the company didn’t quite get it. “They were reluctant a little bit. They didn’t immediately […]
CNN Business — Even by Facebook’s standards, 2021 was a rough year. A series of damning reports based on leaks from a whistleblower raised uncomfortable questions about Facebook’s impact on society; the company continued reeling from concerns about the use of its platform to organize the January 6 Capitol riot; and privacy changes from Apple […]
CNN — Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending in September, a slight 6% increase from the year prior and less than Wall Street had expected, as the company confronts tightening advertiser budgets in an uncertain economy. In a letter to investors, Snapchat’s parent company […]