Business

Major Clients Ditch Matt Schlapp After Attacks On BLM

Popular Information reports: Comcast, the parent company of NBCUniversal, had ignored repeated inquiries about its relationship with right-wing lobbyist Matt Schlapp. For weeks, Schlapp has attacked and denigrated the Black Lives Matter movement. Meanwhile, Comcast and NBCUniversal were publicly declaring their support for Black Lives Matter. Why was Comcast still paying Schlapp, who has an ugly racial history, $120,000 per …

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SCOTUS: Generic Dot-Com Names Deserve Trademarks

Courthouse News reports: The Supreme Court ruled 8-1 Tuesday that companies with “.com” in their names are eligible for federal trademark protection, even if their monikers are otherwise generic. “The appellate court also rejected the PTO’s contention that, as a rule, combining a generic term like ‘booking’ with ‘.com’ yields a generic composite,” Justice Ruth Bader Ginsburg wrote for the …

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ATM Use Plunges As People Fear Handling Cash

Axios reports: People have suddenly stopped using money — of the bill-and-coin variety — for fear it may spread the virus. Some worried shopkeepers have stopped accepting it, too. The coronavirus may have changed our buying and payment habits forever. Online shopping is through the roof, and consumers are rushing to get “contactless” credit and debit cards, which are tapped …

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Fracking Pioneer Chesapeake Energy Goes Bankrupt

The Guardian reports: Chesapeake Energy, the shale gas drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said on Sunday that it had been forced to enter chapter 11 protection because its debts of $9bn were unmanageable. It has entered a plan with lenders to cut …

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Starbucks Joins Facebook Ad Boycott Over Hate Speech

Market Watch reports: Starbucks announced Sunday in an online statement that it is “pausing” ads on all social media platforms, two days after consumer-products conglomerate Unilever said it was halting U.S. advertising on Facebook and Twitter through year-end over ineffective policing of hate speech, leading to a sharp Friday selloff in both stocks. The coffee giant said it would “continue …

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Facebook Reverses, Will Ban “Hate Speech” Ads After Consumer Goods Giant Unilever Joins Growing Boycott

CNBC reports: Facebook CEO Mark Zuckerberg on Friday said the company will change its policies to prohibit hate speech in its advertisements. Under its new policies, Facebook will ban ads that claim people from a specific race, ethnicity, nationality, caste, gender, sexual orientation or immigration origin are a threat to the physical safety or health of anyone else, Zuckerberg said. …

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Plexiglass Becomes The Latest Hot COVID Commodity

Bloomberg BusinessWeek reports: Orders are pouring in from retailers, offices, hospitals, and public transport companies, which are eager to get their hands on protective shields to separate employees from a coughing and sneezing public spreading the coronavirus. Like face masks and disinfectant, Plexiglas became omnipresent almost overnight, a translucent guard between cashiers, bus drivers, and receptionists on one side and …

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Chuck E. Cheese Parent Files Chapter 11 Bankruptcy

The Dallas Business Journal reports: As hundreds of Chuck E. Cheese and Peter Piper Pizza locations work to reopen across the country, parent company CEC Entertainment Inc. has filed for Chapter 11 bankruptcy protection. The Irving-based arcade and pizza restaurant chain filed for bankruptcy Thursday in the Southern District of Texas. The company claimed more than $1 billion in liabilities …

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Disneyland Postpones Reopening Due To COVID Spikes

Los Angeles’s ABC News affiliate reports: Disney on Wednesday announced it is postponing next month’s phased reopening of Disneyland and Disney California Adventure. The Anaheim theme parks, which have been closed since mid-March because of the coronavirus pandemic, had planned to welcome back visitors on July 17, with enhanced health and safety measures in place. However, the company decided to …

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Segway Ends Production Of Its Namesake Vehicle

USA Today reports: Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle. The Segway PT, popular with tourists and police officers but perhaps better known for its high-profile crashes, will be retired on July 15, the company said in a statement. The transportation revolution that inventor Dean …

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Walmart No Longer Displaying State Flag In MS Stores

The Commercial Appeal reports: “We know the design of the Mississippi state flag is being discussed by various stakeholders,” Walmart spokesperson Anne Hatfield said in an emailed statement. “While the issue continues to be discussed, we’ve made the decision to remove the Mississippi state flag from display in its current form from our stores.” Hatfield said stores displaying state flags …

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Disney World Employees Petition To Delay Reopening

CBS News reports: Walt Disney World employees are urging park executives and state and local officials to reconsider delaying the reopening of the parks due to concern over the recent surge of coronavirus cases in Florida in a petition posted to moveon.org. “This virus is not gone, unfortunately, it’s only become worse in this state,” cast members wrote. “While theme …

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AMC Theatres Reverses, Will Require Masks For Patrons

The Hollywood Reporter reports: AMC Theatres said Friday it is reversing course and will require that customers wear face masks when reopening its theaters next month. On Thursday, the largest movie chain in the U.S. unveiled its initial reopening plan, which includes a slew of enhanced sanitary and social distancing measures developed in conjunction with numerous experts. AMC said it …

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Apple To Re-Close Stores In Four States Amid Spikes

CNBC reports: A total of 11 Apple stores will close in Florida, North Carolina, South Carolina, and Arizona starting on Saturday. Customers who have products in those stores for repair will have the weekend to get their devices back, Apple said. All of the stores had been re-opened since Apple initially closed them in March. “Due to current Covid-19 conditions …

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New York City To Enter Phase Two Opening On Monday

The New York Post reports: New York City will come even more back to life on Monday as it crosses into Phase Two of reopening from its coronavirus-triggered shutdown. Under Phase Two of the state’s four-phase reopening plan, restaurants and bars can open for outdoor dining — and office spaces, real estate services, in-store retail, barbershops and hair salons, car …

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PepsiCo Axes Aunt Jemima Brand Amid Criticism

NBC News reports: The Aunt Jemima brand of syrup and pancake mix will get a new name and image, Quaker Oats announced Wednesday, saying the company recognizes that “Aunt Jemima’s origins are based on a racial stereotype.” The 130-year-old brand features a Black woman named Aunt Jemima, who was originally dressed as a minstrel character. The picture has changed over …

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United: Mask Refusers Will Get Put On No Fly List

USA Today reports: United Airlines is doubling down on its mandatory mask policy. The airline announced Monday that any passenger who refuses to comply with its mask requirement will be placed on an “internal travel restriction list,” starting Thursday. “Customers on this list will lose their travel privileges on United for a duration of time to be determined pending a …

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Bankrupt Hertz Begins Selling 700,000 Car Fleet

USA Today reports: Weeks after filing for Chapter 11 bankruptcy protection on May 22, car rental company Hertz is selling vehicles in its fleet at discount prices. As of Saturday morning, Hertz had thousands of used cars available on its website HertzCarSales.com. The volume of cars for sale in an area depends on the location used in the search and …

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Manhattan Sees Record Number Of Vacant Apartments

CNBC reports: Manhattan had its worst May in a decade for new rental leases, as residents leave the city and the real estate industry remains on lockdown, according to a new report. New leases fell 62% last month, according to a report from Miller Samuel and Douglas Elliman. May also saw the largest year-over-year increase in new listings in nearly …

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Dow Plunges 1800 Points Amid Renewed COVID Fears

CNBC reports: The Dow Jones Industrial Average plunged more than 1,800 points on Thursday and was on pace for its worst day since the March sell-off as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines. The 30-stock Dow traded …

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