Tag Archives: business

Uber Expands Grocery Deliveries To Major Markets

The Verge reports: Uber has more than doubled the number of cities where it delivers groceries, marking the first major expansion of the new service since its launch last year. The company’s on-demand and scheduled grocery delivery is now available in 400 cities, including key markets like New York City, San Francisco, and Washington, DC. Uber’s grocery delivery service got …

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Facebook To Pay $1B To Content Creators Thru 2022

The Verge reports: Facebook plans to pay out $1 billion to creators over the next year and a half as part of an effort to court content makers to its many services. The money will be awarded to creators who use Facebook products in different ways: on Facebook, creators can get a cash bonus for running ads on their videos …

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TODAY: Jeff Bezos Steps Down As CEO Of Amazon

Business Insider reports: Jeff Bezos’ reign as Amazon CEO will come to an end on Monday, and he’ll be stepping down as the world’s richest person. He will be retiring from the role at the age of 57 with an estimated $199 billion in wealth, according to Bloomberg’s Billionaire’s Index. The fortune largely consists of his hefty Amazon holdings and …

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Ransomware Attack Closes 800-Store Swedish Chain

Reuters reports: The Swedish Coop grocery store chain closed all its 800 stores on Saturday after a ransomware attack on an American IT provider left it unable to operate its cash registers. Hundreds of American businesses were hit on Friday by an unusually sophisticated attack that hijacked widely used technology management software from a Miami-based supplier called Kaseya. According to …

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At Least 200 Companies Hit With Ransomware Attack

NBC News reports: A successful ransomware attack on a single company has spread to at least 200 organizations, according to cybersecurity firm Huntress Labs, making it one of the single largest criminal ransomware sprees in history. The attack, first revealed Friday afternoon, is believed to be affiliated with the prolific ransomware gang REvil and perpetuated through Kaseya, an international company …

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GOP Blocks Bill On Credit Access For LGBT Businesses

Via press release from Speaker Pelosi’s office: House Republicans are using Pride Month to attack LGBTQ-owned small businesses. Republicans lined up on Tuesday to prevent Congressman Richie Torres’ LGBTQ Business Equal Credit Enforcement and Investment Act from passing on suspension. The bill would help ensure that financial institutions are providing LGBTQ-owned small businesses equal access to credit. 177 Republicans voted …

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Mall Operator With 100+ Locations Files For Bankruptcy

Bloomberg News reports: Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic drove away shoppers. The Chapter 11 filing in Houston lets Washington Prime stay in business while it restructures its debts in a deal that it reached with certain creditors, according to …

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Meatpacker Paid $11 Million In Ransomware Attack

Reuters reports: Meatpacker JBS USA paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement on Wednesday. The subsidiary of Brazilian firm JBS SA halted cattle slaughtering at all of its U.S. plants for a day last week in response to the cyberattack, which threatened …

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1.5M Free Donuts Given In Krispy Kreme’s Vax Promo

The New York Daily News reports: After already giving away more than 1.5 million doughnuts to the inoculated since March, the Winston Salem, North Carolina-headquartered doughnut chain has announced it will double the pleasure during National Doughnut Day. On June 4, Krispy Kreme will give two free doughnuts to Americans who have received at least one COVID-19 vaccination shot – …

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Alex Rodriguez Launches Makeup Line For Men

Page Six reports: Following his breakup with Jennifer Lopez, Alex Rodriguez is going for a glow up. The former baseball pro, 45, teamed up with Hims & Hers — the beauty and wellness company in which he and Lopez, 51, became investors together last year — to develop the brand’s first makeup for men. “I wanted to create a product …

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Report: Major Insurer Paid $40M In Ransomware Attack

Bloomberg News reports: CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the hackers about two weeks after a trove of company data was stolen, and CNA officials were locked …

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Disney Launches Pride Month “Rainbow Collection”

The Disney Parks Blog reports: Just in time for Pride Month 2021, I’m delighted to announce that fans around the world can showcase their LGBTQ+ pride with all-new bespoke products featuring Disney — and for the first time ever – our other iconic brands as well! From apparel to accessories to pins and plush and so much more, there are …

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Major Companies Push Back Against Texas Voting Bill

The Texas Tribune reports: With less than a month left in the legislative session — and Texas Republicans split on which package of proposals might cross the finish line — Hewlett-Packard, Microsoft, Unilever, Patagonia and two dozen other companies are urging state lawmakers not to pass new restrictions on voting. In the biggest pushback so far by business against the …

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Venues Turn To Airport App Clear As Vaccine Passport

ABC News reports: Over 60 U.S. stadiums and other venues are deploying an app from Clear to verify people’s COVID-19 status, placing the New York company known for its airport security fast lanes at the forefront of a national debate over “vaccine passports.” As a business based on replacing physical IDs, tickets and credit cards with facial or fingerprint recognition, …

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CEO Fired For Ridiculing Teenage Boy In Prom Dress

Nashville’s ABC News affiliate reports: A CEO who publicly ridiculed a male high school senior who wore a dress to prom with his boyfriend has been fired by his Tennessee company. Cell phone video taken Saturday and posted to several social media platforms shows Dalton Stevens, a senior at Franklin High School, being ridiculed by a man later identified as …

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UK Considers Launch Of Digital Currency: “Britcoin”

The Associate Press reports: British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak [photo] touted as “Britcoin.” The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, …

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Disney Makes Employee Dress Code More “Inclusive”

From the Disney Parks corporate blog: Our new approach provides greater flexibility with respect to forms of personal expression surrounding gender-inclusive hairstyles, jewelry, nail styles, and costume choices; and allowing appropriate visible tattoos. We’re updating them to not only remain relevant in today’s workplace, but also enable our cast members to better express their cultures and individuality at work. Moving …

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REPORT: Apple Device Will Enable Video Calls On TVs

Bloomberg News reports: The company is working on a product that would combine an Apple TV set-top box with a HomePod speaker and include a camera for video conferencing through a connected TV and other smart-home functions, according to people familiar with the matter, who asked not to be identified discussing internal matters. The device’s other capabilities would include standard …

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NY Budgets $800M For Small Business Rent Grants

Gothamist reports: Restaurants and shops that fell behind on their rent and other expenses during the COVID-19 pandemic will soon be able to apply for additional grants. New York’s new state budget includes $800 million in direct cash assistance for small businesses. State Assemblyman Harvey Epstein [photo] of Manhattan, who had been lobbying for the aid, said the package sets …

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WSJ: Restaurants Facing Shortage Of Ketchup Packets

The Wall Street Journal reports: Supply chain problems are reaching into a far corner of the business universe: Ketchup packets. After enduring a year of closures, employee safety fears and start-stop openings, many American restaurants are now facing a nationwide ketchup shortage. Restaurants are trying to secure the tabletop staple after Covid-19 upended the condiment world order. Managers are using …

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