Nascar said it has signed a one-year extension with Monster Energy to remain the title sponsor for its lead Cup Series. Monster Energy's initial two-year deal with Nascar, signed in December 2016, runs through the current season. Financial terms were not shared but the deal was put at $18-20 million annually by industry analysts.

New England Confectionery Co. announced last month that it might shut down after 170 years in business. The company makes Necco Wafers, Mary Janes, Clark Bars and Sweethearts, a candy that gained popularity thanks to Valentine’s Day. People are most upset, says the Wall Street Journal, over Necco, which has been around since the Civil War.

A new report by the Brewers Association showed that craft brewers saw a 5% rise in production volume in 2017. Yet with that growth comes an increasingly crowded playing field, leading to more closures of small craft breweries. In 2017, there were nearly 1,000 new brewery openings nationwide and 165 closures — a closing rate of 2.6%, a 42% jump from 2016, when 116 craft breweries closed.

The hip-hop impresario broke federal law — and flouted concerns about his millions of teen followers — as he posted a Snapchat video of himself pouring Belaire sparkling wine and Ciroc vodka over his Cinnamon Toast Crunch cereal, according to Truth in Advertising.

More than 15,500 American Airlines pilots who belong to the Allied Pilots Association said they are on a mission to humanize air travel — one they collectively hope AA management and passengers will join them in helping achieve. AA pilots said last year’s man-dragged-from-plane incident and other more recent incidents such as dead-dog-on-board demonstrate how the air-travel experience has become frustrating and unpleasant for many.  

Target is adding a rosé called Yes Way Rosé to its California Roots, a line of wine it launched last summer with a price point that most shoppers can get behind: a bottle is just $5. The line launched with a red blend, pinot grigio, and chardonnay, all of which took home “Best Buy” scores from Wine Enthusiast. Target plans to have the wines available at 80% of its store by the end of 2018.

A California-based Toyota dealership has been stockpiling its Prius inventory for the past few years, refusing to sell the cars because of a safety concern. Now, there are an estimated $1 million-worth of Prius models parked on Roger Hogan's dealership roof and he's filed a lawsuit because he believes that the Japanese manufacturer is refusing to fix an inherent problem. 

Adidas expects to close stores in the coming years as part of a shift towards selling more goods online, its chief executive told the Financial Times. Kasper Rorsted said “over time, we will have fewer stores but they will be better. … Our website is the most important store we have in the world.” Adidas, which wants to more than double its ecommerce sales to $4.91 billion by 2020, has 2,500 stores globally.

The parent company behind apparel brands Nine West, Anne Klein and Gloria Vanderbilt has filed for bankruptcy protection. Nine West Holdings Inc., which announced a restructuring plan earlier this year, announced the measure as a means of facilitating an auction. "This is the right step to address our two divergent business profiles," said Nine West CEO Ralph Schipani. 

The beleaguered grocery sector faces a new threat: the possible loss of tens of billions of dollars of spending by low-income shoppers. The Trump administration is pushing to rein in spending for the food-stamp program by nearly $130 billion over a decade, representing a 20% reduction of its current annual budget of $63 billion. More than 52% of SNAP dollars, or $33 billion, was redeemed at stores such as Walmart and Target last year.