Business

CEO: Starbucks May End Its Open Restrooms Policy

The New York Times reports: Starbucks’s chief executive, Howard Schultz, says the company is considering ending its open bathroom policy. Speaking on Thursday at The Times’s DealBook D.C. policy forum, Mr. Schultz said the coffee giant might no longer allow people who were not customers to use their stores’ bathrooms. The move would reverse a policy Starbucks instituted in 2018 …

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Over 200 CEOs Call On Senate To Act On Gun Reform

Axios reports: CEOs of more than 220 U.S. companies on Thursday will release a letter calling on the Senate to “take immediate action” to reduce gun violence, Axios has learned exclusively. Why it matters: This is the latest example of corporate America delving into a hot-button issue where solutions often break down along partisan lines. The companies employ workers in …

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Apple Loses EU Battle Over “Think Different” Slogan

Courthouse News reports: Tech giant Apple lost to Swiss watchmaker Swatch on Wednesday in a court fight over its use of the “Think Different” slogan. The company had appealed to the European General Court after Swatch successfully challenged Apple’s “Think Different” copyright before the European Union Intellectual Property Office in 2018 on the basis that the slogan was no longer …

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Twitter Reverses, Will Give Musk Access To Bot Data

The Washington Post reports: After a weeks-long impasse, Twitter’s board plans to comply with Elon Musk’s demands for internal data by offering access to its full “firehose,” the massive stream of data comprising more than 500 million tweets posted each day, according to a person familiar with the company’s thinking, who spoke on the condition of anonymity to describe the …

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CNBC: Musk’s Financing To Buy Twitter Now On Hold

CNBC reports: Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless the social media company provides him with data …

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Driverless Trucks To Deliver To Texas Sam’s Club Stores

Changing America reports: A fleet of driverless box trucks will soon begin delivering paper goods such as Dixie cups and toilet paper to dozens of Sam’s Club stores in the Dallas-Fort Worth area, a significant stride toward making driverless technology a reality on U.S. roads. Autonomous vehicle startup Gatik on Tuesday announced a commercial partnership with Georgia Pacific, a manufacturer …

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EU Mandates Uniform Charging Port For All Devices

Reuters reports: Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for mobile phones, tablets and cameras in a world first. The political intervention, which the European Commission said would make life easier for consumers and save them money, came after …

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NY Approves Nation’s First “Right To Repair” Law

Gothamist reports: It may soon be easier to get your busted iPhone fixed. Under a bill passed by the state legislature, digital electronics manufacturers – such as Apple or Samsung – will be required to make repair instructions and parts available to both consumers and independent technicians. The “right to repair” legislation, which still needs to be signed into law …

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JetBlue Boosts Bid In Spirit Hostile Takeover Attempt

Bloomberg News reports: JetBlue Airways Corp. improved its offer for Spirit Airlines Inc., boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as …

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Musk Threatens To End Twitter Deal In Letter To SEC

The Associated Press reports: Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that the social platform included in a filing with the Securities and …

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Largest US Baby Formula Factory Restarts Production

The Associated Press reports: Abbott Nutrition has restarted production at the Michigan baby formula factory that has been closed for months due to contamination, the company said Saturday, taking a step toward easing a nationwide supply shortage expected to persist into the summer. The February shutdown of the largest formula factory in the country led to the supply problems that …

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Tesla Spied On Union Organizers On Social Media

CNBC reports: In 2017 and 2018, as some workers sought to form a union at the Tesla factory in Fremont, California, Elon Musk’s electric vehicle company was paying a consultancy, MWW PR, to monitor employees in a Facebook group and more broadly on social media, according to invoices and other documents reviewed by CNBC. Two things that MWW PR watched …

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NY Gov Cuts Ribbon On New $4B LaGuardia Terminal

AM New York reports: Governor Kathy Hochul and officials with the Port Authority of New York and New Jersey along with Delta Air Lines cut the ribbon on LaGuardia Airport’s new Terminal C Wednesday, June 1. The $4 billion project, which will open to the public Saturday, June 4, consolidated the former terminals C and D into one space, marking …

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Meta/Facebook COO Steps Down After 14 Years

CNBC reports: Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped turn Facebook into an advertising juggernaut and one of the most powerful companies in the tech industry, with a …

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Tesla Workers Told To Return To The Office Or Resign

From Elon Musk’s email to Tesla employees: Everyone at Tesla is required to spend a minimum of 40 hours in the office per week. Moreover, the office must be where your actual colleagues are located, not some remote pseudo office. If you don’t show up, we will assume you have resigned. The more senior you are, the more visible must …

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Las Vegas Chapels Ordered To Stop Depicting Elvis

The Las Vegas Review-Journal reports: Elvis might be leaving the buildings. The company that lords over the King’s image and likeness is cracking down on Las Vegas chapels that book Elvis-themed weddings and otherwise embrace his persona. Authentic Brands Group (ABG), which licenses Elvis Presley-related merchandise, has issued a cease-and-desist letter dated May 19 to several Las Vegas chapels. “This …

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Organic Strawberries Blamed For Hepatitis A Outbreak

The Washington Post reports: A multistate outbreak of hepatitis A infections in the United States and Canada is likely to have been sparked by contaminated organic strawberries sold in leading grocery stores, the Food and Drug Administration warned, urging customers to throw out any uneaten batches that may have been frozen for later consumption. “Consumers, restaurants, and retailers should not …

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3500+ Holiday Weekend Flights Canceled So Far

CBS News reports: Airline travelers are not only facing sticker shock this Memorial Day weekend, the kickoff to the summer travel season. They’re also dealing with a pileup of flight cancellations. More than 1,200 flights were canceled as of 2 p.m EST Saturday, according to flight tracking website FlightAware. That followed more than 2,300 cancellations on Friday. Delta noted in …

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New Jersey’s Weed Shops Gross $24M In First Month

The New Jersey Advance reports: New Jersey legal weed sales topped $24 million in the first month of the roll out at a dozen locations, according to the state Cannabis Regulatory Commission. Actual receipts reported to the CRC showed $24,201,875.38 million in recreational weed sales from April 21 to May 21. Gov. Phil Murphy’s proposed $48.9 billion budget for the …

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Twitter Shareholders Sue Musk: “Stock Manipulation”

The Associated Press reports: Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price …

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