Guinness pulls out of St. Patrick's Day parade

Guinness is the latest beer giant to withdraw its support for a St. Patrick's Day parade because lesbian and gay groups aren't allowed to march openly.

The beer maker announced late Sunday it is dropping its sponsorship of the parade today in New York City, according to CNNMoney.

Over the weekend, gay rights icon Stonewall Inn had threatened to stop selling Guinness beer if the company continued to sponsor the parade. And LGBT advocacy group GLAAD had planned an anti-Guinness event on Monday.

Rival Heineken also pulled out of the New York City parade, and Sam Adams announced it wouldn't be a sponsor of the Boston parade for the same reason, according to the article.

Read more from CNNMoney.