Jason Sudeikis and Otis appeared in high spirits as they sat courtside at Crypto.com Arena on Monday, May 22

It's about the triumph of good over evil, but also a chance for family and friends to come together.

RUIDOSO, N.M.--(BUSINESS WIRE)--May 18, 2023--

According to an analysis by Tim Hoefer, CEO of think tank Empire Center for Public Policy, the proposal would impact households making $250K or more

After months wrestling over the fate of milions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations, CEO of the German sportbrand Bjørn Gulden said Thursday. Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews. As a result, the fate of 1.2 billion euros ($1.3 billion) worth of the unsold Yeezys, a lucrative sneaker line launched with Ye, was unknown. At Adidas' annual shareholders meeting, Gulden said the company had spent months trying to find solutions. The CEO also added that Adidas spoke to NGOs and organizations that were harmed by Ye's comments and actions. “Burning those shoes cannot be the solution,” Gulden said, noting that Adidas was going to try to sell part of the remaining Yeezy inventory and “donate money to the organizations that help us and were harmed by what Ye said.” Exact details of this plan — including how many shoes will be sold and the timeline of selling them — remain unknown. Gulden said the company will provide updates as they moves forward. The move comes as Adidas is trying to stage a comeback and move beyond the Yeezy partnership. Cutting ties with Ye has cost Adidas hundreds of millions of dollars — with the company taking a loss of 600 million euros ($655 million) in sales for the last three months of 2022, helping drive the company to a quarterly net loss of 513 million euros. Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced last week. Net sales declined 1% in the first quarter, to 5.27 billion euros, and would have risen 9% with the Yeezy line, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago. Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier. Meanwhile, Adidas is also facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, years before terminating its pact with him. Adidas has pushed back on the allegations made in the lawsuit. Still, Gulden reminded investors that the nine-year partnership Adidas and Ye was “sensational." While he noted that Ye is a difficult person, “he's the most creative person in our industry,” Gulden said. “He created a model with Adidas that was sought after around the world.” But he added, “We lost that in a month." _________ AP Business Writer David McHugh in Frankfurt, Germany, and AP Retail Writer Anne D'Innocenzio in New York contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Adidas breakup with rapper Ye, lost Yeezy sales hit earnings Putin’s spokesman threatens ‘adequate response’ over UK missile pledge – live Boost for Erdogan rival as struggling candidate quits Turkish election race

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 24, 2023--

The player ratings for Arsenal's FIFA 23 roster have been leaked in an apparent mistake by EA.

The Washington Nationals have released Corey Dickerson, a former All-Star, who immediately becomes one of the top names on the waiver market. Could the Braves come calling?If the Atlanta Braves opt against solving their left field conundrum internally, there may be an external option staring the...

Chelsea's owners insist they remain committed and optimistic about the future under new manager Mauricio Pochettino after a disastrous season...

Christian Horner has revealed that Fernando Alonso “missed his chance” to move to Red Bull 15 years ago after turning down a two-year contract offer. Alonso, a two-time world champion with Renault in 2005 and 2006, was back at Renault in 2008 after a year to forget at McLaren in 2007, when he was involved in a high-profile squabble with rookie Lewis Hamilton. Aspiring to be in a competitive car once more, Alonso was in talks with Red Bull at the end of 2008, Horner says, but instead stayed at Renault before joining Ferrari in 2010. “We got very close to signing Alonso,” Horner told Motor Sport magazine. “Helmut [Marko] and I went to see his management at the end of 2008 for the ’09 and ’10 season and we offered him a two-year contract. “He would only sign up for one year and we said Red Bull’s position was a two-year deal or nothing and he wouldn’t commit to that. We thought he’d had a Ferrari contract very clearly for ’09. “What was weird about that was that Flavio [Briatore] was involved as well, but he was trying to get him for Renault which he was managing at the time and in the end he drove for Renault.” While Alonso failed to win another title, Sebastian Vettel won four championships in a row with Red Bull from 2010-2013, with Alonso finishing runner-up in three of those four years. Horner added that Alonso’s management returned in 2009 to ask if the Spaniard could join Red Bull despite previously turning the team down. “Halfway through ’09, I had an approach to say ‘could he join mid-season?’ because they thought he could win the championship in the car,” he said. “Then we had another conversation in the back of an Alfa Romeo at Spa airport several years later in ’11 or ’12. Again, it never really… the most serious discussion was the first one and then it missed its chance.” Alonso, at 41 years of age, is now at Aston Martin and is still chasing down Red Bull, with Max Verstappen leading the 2023 championship by 59 points to team-mate Sergio Perez. Alonso is third in the standings, 71 points behind Verstappen, ahead of this weekend’s Canadian Grand Prix. Read More Sky suspend F1 pundits after sexist comments live on air F1 gives Canadian Grand Prix update after wildfires cause smoke to descend on Montreal On this day in 2007: Lewis Hamilton claims first Formula One victory F1 Canadian Grand Prix: When is practice on Friday in Montreal?

Detroit Lions star Amon-Ra St. Brown scored the first touchdown of the 2023 NFL season, and NBC had to cut away from his celebration.

BERLIN--(BUSINESS WIRE)--Jul 11, 2023--