Facebook faces unprecedented advertisement boycott
Campaign aims to force the world’s largest social media platform to crack down on hate speech and racist content on its pages.
The world’s largest social media platform, Facebook, is facing an unprecedented advertising boycott.
More than 400 brands say they will stop advertising this month.
The campaign aims to force Facebook to crack down on hate speech and racist content on its pages.
Facebook has taken some action within the past week but critics say it is nowhere near enough.
Al Jazeera’s Priyanka Gupta explains.
McDonald’s Halts New Dine-In Restaurant Service Across U.S.
McDonald’s Corp. is pausing the resumption of all dine-in services in its U.S. restaurants as the coronavirus outbreak flares up in areas across the country.
The halt will last for 21 days, the fast-food chain said in an internal letter that was viewed by Bloomberg. Locations that have already reopened their dining rooms should consult guidance from local and state officials on whether to roll back services, according to the letter, which was signed by Joe Erlinger, McDonald’s U.S. president, and Mark Salebra, head of the National Franchisee Leadership Alliance.
Businesses across the country are rethinking their reopening plans as coronavirus cases surge in states such as Texas, Arizona and California. The businesses have a difficult calculus to make as they wrestle with keeping customers and staff safe, while also bringing in enough revenue to stay afloat.
McDonald’s shares fell as much as 1.2% after regular trading Wednesday in New York.
The reopening pause was reported earlier by the Wall Street Journal.
PG&E emerges from Chapter 11 bankruptcy
July 1 (Reuters) – Utility PG&E Corp said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. (Reporting by Arundhati Sarkar and Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)
URGENT-U.S. House approves extension of small business loan program
WASHINGTON, July 1 (Reuters) – The U.S. House of Representatives on Wednesday approved an extension of a $660 billion lending program in an effort to help small businesses that have been hit hard by the coronavirus, renewing a lifeline that had just expired.
The Senate approved the extension on Tuesday. It would keep the Paycheck Protection Program (PPP), which expired at midnight Tuesday, operating through Aug. 8. The bill, which both chambers passed on a voice vote, now goes to President Donald Trump for signing into law. (Reporting by Susan Cornwell; Editing by Mohammad Zargham)
SoftBank-backed Lemonade raises $319 mln in IPO -source
July 1 (Reuters) – SoftBank Group Corp -backed insurance startup Lemonade Inc raised $329 million in its U.S. initial public offering (IPO), a person familiar with the matter said on Wednesday.
Lemonade priced 11 million shares at $29 per share, the source said. This was above its indicated price range, which it had raised to between $26 and $28 per share earlier on Wednesday. It had previously guided for the offering to be priced between $23 and $26 per share.
The source requested not to be identified ahead of an official announcement. Lemonade did not immediately respond to a request for comment.
Charges pending after pedestrian hit by truck in west Edmonton parking lot: police
Police say charges are pending against a 20-year-old woman after a truck hit a pedestrian in west Edmonton on Wednesday afternoon.
Apple Closing 30 More Stores, 15 In Southern California, As COVID-19 Spreads
Apple is closing – or re-closing to be accurate – another 30 stores, including 15 in Southern California, bringing the total to 70 amid the latest coronavirus spike.
The retail hubs have become a bellwether for the spread of COVID-19 with Apple being the first U.S. company to announce store closings in China way back in February as the pandemic took hold and following the curve ever since.
Apple will be re-closing stores in Alabama, California, Georgia, Idaho, Louisiana, Nevada, and Oklahoma, according to a report in CNBC. The decision comes after Apple said it would close stores in Texas, Florida, Arizona, North Carolina, and South Carolina,.
“Due to current Covid-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas. We take this step with an abundance of caution as we closely monitor the situation and we look forward to having our teams and customers back as soon as possible,” the tech giant said in a statement to the network,
The Southern California stores include Glendale Galleria, Northridge Pasadena, The Grove, Third St. Promenade, Century City, Manhattan Village, Beverly Center, Sherman Oaks,Topanga, Los Cerritos, The Americana at Brand, Valencia Town Center, Victoria Gardens and The Oaks.
Mary Trump’s Publisher Gets Court to Lift Order Blocking Tell-All Book
The publisher of a memoir about President Donald Trump’s family got a temporary restraining order against the book lifted by an appeals court that said the company doesn’t appear to be bound by a confidentiality agreement signed by the book’s author, Mary Trump, nearly 20 years ago.
The decision issued Wednesday by a New York state appeals court is a major preliminary victory for the book’s publisher, Simon & Schuster. But the restraining order against the author herself, the president’s niece, was kept in place. Both Simon & Schuster and Mary Trump were sued by the president’s brother, Robert Trump, over claims the book violated a secrecy deal that was party of legal settlement over a will.
“While Ms. Trump unquestionably possesses the same First Amendment expressive rights belonging to all Americans, she also possesses the right to enter into contracts, including the right to contract away her First Amendment rights,” the appeals court said. “Unlike Ms. Trump, Simon & Schuster has not agreed to surrender or relinquish any of its First Amendment rights.”