Business

Lucas Grindley reports at the Advocate: The hotel that had become a symbol of support for Ted Cruz’s antigay policies is now closing. The Out Hotel in New York City faced a heated boycott last year after its gay owners held a fundraising dinner party at their home for the Texas senator and Republican presidential hopeful. Ian Reisner and his …

Fortune calls it the “saddest $5B deal in tech history.” They write: Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. Now it’s being sold to Verizon for comparative chump change. On Monday morning, Yahoo is expected to announce the end of the long process to …

But it’s a rather complicated deal. Bloomberg reports: Anheuser-Busch InBev NV won U.S. antitrust approval for its takeover of SABMiller Plc, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers. AB InBev will sell SABMiller’s stake in MillerCoors LLC, separating the two brands, and refrain …

That was quick. Via Bloomberg: United Airlines suspended pilot and Republican West Virginia lawmaker Michael Folk from flying pending an investigation after he said Democratic presidential candidate Hillary Clinton should be executed. “This pilot has been removed from flying pending our investigation,” United Continental Holdings Inc. tweeted Sunday. “We are appalled by his threatening comments.” Folk, a member of the …

Just in from the American Family Association’s censor-in-chief Monica Cole: Dear Joe, Some victories take place within only 2 hours of letting our voice be heard while others take much longer, and that is OK. Over a year ago, One Million Moms and AFA partnered with Enough Is Enough (EIE), an organization pioneering Internet safety, along with 75 other family …

Wow. Politico reports: Wall Street executives are hitting the sell button on the GOP convention in Cleveland next week. Bankers typically use the quadrennial Republican Party gathering to schmooze clients, host parties and flaunt their connections to the nominee and other senior officials. In 2012, they flooded the Tampa Bay area to celebrate one of the industry’s favorite sons, Mitt …

Via Reuters: Shares in Japan’s Nintendo Co Ltd soared again on Monday, bringing market-value gains to $7.5 billion in just two days as investors cheered the runaway success of Pokemon GO – its first long-awaited venture in mobile gaming. The game, which marries a classic 20-year old franchise with augmented reality, allows players to walk around real-life neighborhoods while seeking …

From Toledo’s ABC affiliate: It certainly wasn’t the text message Candice Lowe was expecting to get on her honeymoon. She says it came from the owner of Take the Cake Bakery in Toledo, canceling the order for her wife’s birthday cake. Lowe says, “after she saw my Facebook page, she found out that I was in a same-sex marriage and …

From Raleigh’s NBC affiliate: Raleigh could lose as much as $40 million in convention business from the state’s controversial law on transgender rights. Statistics from the Greater Raleigh Convention and Visitors Bureau show that 16 trade associations or corporate groups have canceled gatherings in Raleigh because of House Bill 2, causing an estimated economic loss of $5.6 million. Raleigh is …

The Huffington Post recaps: Bill Maher ripped into the GOP’s policy of cutting taxes for the rich on Friday night. The “Real Time with Bill Maher“ host said the state of California was proof that doing the reverse, and instead raising taxes on the most wealthy, could actually lead to a booming economy. The comedian gloated about how The Golden …

The global food giant Mars pulled off an amusing promotion for London Pride over the weekend, temporarily “giving up” the famed Skittles rainbow for all-white packaging, which they coupled with an all-white float. “This Pride, only one rainbow deserves to be the centre of attention — yours. And we’re not going to be the ones to steal your rainbow thunder, …

The Daily Beast recaps: Last week, British satirist John Oliver spent a considerable portion of his late-night HBO program, Last Week Tonight, addressing the upcoming EU referendum, and urging his viewers that it would be “absolutely crazy” for Britain to leave the European Union, warning of “wide-ranging implications both for the U.K. and the world’s economy.” Well, it turns out …

NBC News reports: The Dow Jones Industrial average plunged 500 points on Friday morning — the index’s biggest drop in 10 months — as markets around the world reacted to a vote by citizens of the United Kingdom to leave the European Union. The Dow fell as much as 538.27 points and the S&P 500 dropped as much as 58.49 …

Bloomberg reports: Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record. “It’s scary, and I’ve never seen anything like it,” said James Butterfill, 41, head of research and investments at ETF Securities in London. “A lot of people …

TIME Magazine reports: Thanks to Burger King, we now have something called Mac n’ Cheetos in our world. It’s exactly what you think: basically a giant, crunchy Cheeto stuffed with oozy macaroni and cheese. Also thanks to Burger King, we can say goodbye to our waistlines, because these look to be both ridiculously addictive-tasting and also crazily artery-clogging. Take your …

Via Advertising Week: If you pick up this Sunday’s print edition of The New York Times and thumb through it, you’ll find that it features a couple full-page print ads from American Express that show the brand’s support for gay marriage. It’s no coincidence that the brand is rolling the ads out on Sunday, June 26, since that’s the one …

Via Politico: Apple CEO Tim Cook will host a fundraiser with House Speaker Paul Ryan next week as the iPhone maker tries to strengthen its relationships with key Republicans — despite its decision to pull support for the GOP convention because of its distaste for Donald Trump. Cook will help generate cash for Ryan at a private breakfast on June …

The Week recaps: As Britain prepares to vote this Thursday on whether or not to remain in the European Union, John Oliver posed a question on Sunday’s Last Week Tonight that may very well be on the minds of many Americans: “Why should I care about what Britain does with the EU?” Well, as Oliver explains, “Britain leaving would be …

Politico reports: Apple has told Republican leaders it will not provide funding or other support for the party’s 2016 presidential convention, as it’s done in the past, citing Donald Trump’s controversial comments about women, immigrants and minorities. Unlike Facebook, Google and Microsoft, which have all said they will provide some support to the GOP event in Cleveland next month, Apple …

Bloomberg reports: A growing number of prominent U.S. corporations are opting to drop or scale back their sponsorship of the Republican national convention next month in Cleveland, as the nomination of Donald Trump promises a level of controversy rarely seen in such gatherings. Among those to signal in recent days that they won’t sponsor the convention this year are Wells …