Business

The Associated Press reports: The founder of Papa John’s says the pizza chain needs him back as its public face, and that it was a mistake for the company to scrub him from its marketing materials after he acknowledged using a racial slur last month. John Schnatter said in an interview with The Associated Press that he believes he can …

According to the Mexican news site ContraMuro.com and Forbes Mexico, a 248-room LGBT resort featuring five bars and three restaurants will open next year on or near (this is unclear) Cuba’s resort island Cayo Guillermo. The “luxurious five-star” hotel is reportedly the project of MGM Mutha Hotels, which currently operates about two dozen resorts in Europe and India, and already …

Politico reports: Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares. A POLITICO review of data disclosed in SEC filings shows the executives, who often receive most of …

Bay Area News Group reports: Is the end near for MoviePass, the popular subscription movie-going service with more than 3 million subscribers? MoviePass experienced “technical difficulties” that prevented many subscribers from using the service Thursday, with its Twitter account saying it was related to its “card-based check-in process.” But the real reason for the technical difficulties? MoviePass ran out of …

USA Today reports: New York’s utility regulators moved Friday to revoke Charter Communication’s ability to operate in the state, arguing that the state’s top cable provider hasn’t lived up to the terms of its 2016 merger with Time Warner Cable. The Public Service Commission gave Charter 60 days submit a plan to hand over its New York operations to a …

The New York Times reports: New York City officials are moving to cap the number of vehicles driving for Uber and other ride-hailing services as part of an aggressive move to address mounting concerns that their explosive growth has led to worsening congestion and low driver wages. The legislation being considered by the City Council would make New York the …

CBS News reports: Facebook lost about $120 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. The company’s shares plunged $41.24, or almost 19 percent, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline market capitalization in history, exceeding Intel’s $91 billion single-day loss in …

Reuters reports: John Schnatter, the founder and ousted former chairman of Papa John’s International Inc, on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents. The complaint, Schnatter v. Papa Johns International Inc filed in Delaware Chancery Court, comes after a request by Schnatter and his attorneys access …

Axios reports: The 64 health care CEOs in the S&P 500 cumulatively made almost $1.7 billion in 2017, according to a new Axios analysis of their compensation. That total is 74% higher than the $949 million that is normally highlighted in company proxy documents. Within the compensation totals, Axios’ Bob Herman calculated the actual realized gains of CEOs’ stock options …

The Hill reports: The Department of Agriculture (USDA) on Tuesday announced it would offer $12 billion in aid to farmers hindered by retaliatory tariffs imposed on U.S. grain, produce and meat exports as the Trump administration digs in for a protracted trade battle. The department will use the emergency aid to assist and buy crops from farmers who’ve lost billions …

CNBC reports: The Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, people briefed on the plan told CNBC. The total aid amount is reportedly about $12 billion. A senior administration official told …

Bloomberg reports: Last week, Airbnb Inc. was dealt one of its biggest blows in the company’s 10-year history. New York City council members voted to require the home-rental company to hand over the names and addresses of its hosts in the city. The officials have said they need the information to police Airbnb hosts that operate illegally and drive up …

Syracuse.com reports: Matt Roberts stood in a corner of the State Dining Room at the White House on Monday, showing samples of his company’s Liberty Tabletop stainless steel silverware, when Rep. Claudia Tenney rushed over with a spoon in her hand. Roberts, president of Sherrill Manufacturing, the Upstate New York firm that’s America’s last flatware maker, looked closely at the …

The Indy Channel reports: A man claims the owner of a floral shop in Avon decided not to help with his wedding when she learned he was going to be marrying another man. David Elliott says he went to Avon Florist on Rockville Road on July 19 and he posted about what happened at the shop afterward on his Facebook …

USA Today reports: President Donald Trump is hosting companies from across the country at the White House for the Made in America Product Showcase on Monday afternoon at 3 p.m. ET. The is the second annual product showcase hosted by the Trump administration. At the event in 2017, Trump climbed into the driver’s seat of a firetruck for a photograph …

NBC Connecticut reports: It appears a local McDonald’s has thrown down the gauntlet to its new fast-food neighbor. A Chick-fil-A is moving in next to the Glastonbury McDonald’s. While the chicken chain does not open until July 26, to the casual observer it appears McDonald’s may already be taking a dig at their values. The sign under the golden arches …

The Washington Post reports: According to the Brookings Institution, the Columbus, Indiana area is the most export-reliant region in the country, with just over half of its economic output linked to foreign purchases. “I’m very worried,” said Tom Linebarger, the chief executive of Cummins, who met with President Trump over dinner at the White House in January in a bid …

Variety reports: Comcast Corp. said it would bow out of its bidding war with Disney to acquire major 21st Century Fox assets, and instead focus on acquiring the European satellite TV provider Sky, likely clearing the way for Disney to take control of the Murdoch family’s Fox assets and intensify a looming battle with Netflix and other video-streamers for media-industry …

The right wing Daily Caller reports: The founder of Sleeping Giants, a left-wing activist group that has targeted right-wing voices with boycott campaigns, has managed to keep his identity a secret, even as his own group has become a major political player among liberals. Until now. Sleeping Giants was founded by Matt Rivitz, an award-winning ad copywriter based in San …

The New York Times reports: Google was hit with a $5.1 billion fine by European antitrust officials on Wednesday for abusing its power in the smartphone market, in the region’s latest move to rein in the clout of American tech companies. The penalty of 4.34 billion euros was a record, and far larger than the €2.4 billion, or about $2.8 …