Corporate news

Martin Truex Jr. celebrates his win in the NASCAR Cup Series auto race Saturday, July 14, 2018, at Kentucky Speedway in Sparta, Ky. (Kareem Elgazzar/The Cincinnati Enquirer via AP)
July 18, 2018 - 5:22 pm
DENVER (AP) — Furniture Row Racing and defending NASCAR Cup Series champion Martin Truex Jr. are looking for a new sponsor. The team said Wednesday that 5-hour ENERGY will end its activity in NASCAR after this season, leaving the No. 78 Toyota seeking a primary backer for 2019. This season, 5-hour...
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FILE - In this Feb. 9, 2018, file photo, Miami Heat guard Dwyane Wade talks with the media after NBA basketball practice at the AmericanAirlines Arena in Miami. Dwyane Wade has a new contract — with his shoe company. Wade and the Chinese apparel company Li-Ning announced that the three-time NBA champion has signed a lifetime contract with the brand, which he has represented since 2012. The finalizing of that deal coincided with Wade and the company revealing his latest shoe, the "Way of Wade 7," at an event in Beijing on Wednesday, July 18, 2018. (David Santiago/Miami Herald via AP, File)
July 18, 2018 - 2:22 pm
MIAMI (AP) — Dwyane Wade has a new contract — with his shoe company. Wade and the Chinese apparel company Li-Ning announced that the three-time NBA champion has signed a lifetime contract with the brand, which he has represented since 2012. The finalizing of that deal coincided with Wade and the...
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FILE - In this Sunday, June 3, 2018 file photo,Golden State Warriors head coach Steve Kerr gestures during the first half of Game 2 of basketball's NBA Finals between the Warriors and the Cleveland Cavaliers in Oakland, Calif. Golden State Warriors coach Steve Kerr has received a contract extension following the franchise's repeat championship and third title in four years during his tenure. (AP Photo/Marcio Jose Sanchez)
July 17, 2018 - 7:49 pm
OAKLAND, Calif. (AP) — Golden State Warriors coach Steve Kerr has received a contract extension following the franchise's repeat championship and third title in four years during his tenure. Kerr and general manager Bob Myers, who are close friends and colleagues, said when the season ended that...
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July 17, 2018 - 2:07 pm
NEW YORK (AP) — Anthony Joshua's heavyweight title defense against Alexander Povetkin will be aired on the streaming platform DAZN on Sept. 22 as part of the U.S. debut of the service, promoters announced Tuesday. The fight will be the first of a promised 70 live events on the service over the next...
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FILE- This Dec. 21, 2017, file photo shows a slice of cheese pizza at the Papa John's pizza shop in Quincy, Mass. Papa John’s plans to pull Schnatter’s image from marketing materials after reports he used a racial slur. Schnatter apologized Wednesday, July 11, and said he would resign as chairman after Forbes reported that he used the slur during a media training session. Schnatter had stepped down as CEO last year after criticizing NFL protests. (AP Photo/Charles Krupa, File)
July 13, 2018 - 5:02 pm
NEW YORK (AP) — Papa John's, which has featured founder John Schnatter as a spokesman in logos and TV ads, has begun pulling his image from its marketing and pledged to assess its diversity practices in response to his use of a racial slur. Schnatter's face was off some materials by Friday, though...
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FILE- This Dec. 21, 2017, file photo shows the logo of Papa John's is displayed at a pizza store in Quincy, Mass. Papa John’s plans to pull founder John Schnatter’s image from marketing materials after reports he used a racial slur. Schnatter apologized Wednesday, July 11, 2018, and said he would resign as chairman after Forbes reported that he used the slur during a media training session. Schnatter had stepped down as CEO last year after criticizing NFL protests. (AP Photo/Charles Krupa, File)
July 13, 2018 - 4:35 pm
LOUISVILLE, Ky. (AP) — The Latest on the fallout over Papa John's pizza founder John Schnatter's reported use of a racial slur (all times local): 4:15 p.m. Papa John's founder John Schnatter says his use of a racial slur was taken out of context, but he feels "sick" about the incident. Schnatter...
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In this July 5, 2018 photo, a helicopter sits atop the Budweiser boat, parked on the Moskva River during the 2018 soccer World Cup in Moscow, Russia. (AP Photo/Rebecca Blackwell)
July 13, 2018 - 1:40 pm
MOSCOW (AP) — Budweiser has a boat on the Moscow River and a disco. Coke set up an interactive sculpture-video installation in Gorky Park and entertained 5,000 guests during the monthlong tournament. Visa built a campaign around former Sweden star Zlatan Ibrahimovic. Business went on at the World...
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FILE - In this Wednesday, Oct. 18, 2017, file photo, Papa John's founder and CEO John Schnatter attends a meeting in Louisville, Ky. Schnatter is apologizing after reportedly using a racial slur during a conference call in May 2018. The apology Wednesday, July 11, 2018, comes after Forbes cited an anonymous source saying the pizza chain's marketing firm broke ties with the company afterward. (AP Photo/Timothy D. Easley, File)
July 12, 2018 - 3:46 pm
MIAMI (AP) — The Miami Marlins have suspended their business relationship with Papa John's after the company's chairman of the board apologized for using a racial slur and resigned. In a statement Thursday, the Marlins said "derogatory and insensitive comments" by John Schnatter weren't reflective...
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FILE - In this May 12, 2014 file photo, Paul Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Manhattan Institute for Policy Research Alexander Hamilton Award Dinner, in New York. Former owner Li Yonghong missed the deadline of Friday, July 6, 2018 to repay part of a loan worth more than 300 million euros from the U.S.-based hedge fund and Elliott has repossessed the holding company in Luxembourg that Li used to buy seven-time European champion Milan in April 2017. (AP Photo/John Minchillo, files)
July 11, 2018 - 9:45 am
MILAN (AP) — Elliott Management has promised to inject 50 million euros ($66 million) in capital after taking over Italian club AC Milan. Former owner Li Yonghong missed Friday's deadline to repay part of a loan worth more than 300 million euros from the U.S.-based hedge fund and Elliott has...
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July 10, 2018 - 7:32 pm
NEW YORK (AP) — A Spain-based sports media company must pay a hefty penalty after its U.S. affiliate pleaded guilty to charges it bribed Latin American soccer officials. A New York City judge ordered the company Imagina on Tuesday to pay more than $24 million in fines and restitution on charges...
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