Tag Archives: business

Paging Trump: Starbucks Issues Holiday Cup

Mashable reports: Starbucks’ years-long war on Christmas is over. The coffee giant wasted no time getting into the Christmas spirit this year, releasing its new holiday-themed cups and holiday beverages on Wednesday. Goodbye, Halloween. Forget Thanksgiving. It’s Christmas time at Starbucks. The new line of festive liquid holders celebrates the 20th anniversary of the holiday cup, and while the company …

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Amazon CEO Jeff Bezos Made $10 Billion Today

CNN Money reports: Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months. CEO Jeff Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day …

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Senate Kills Obama-Era Rule Allowing Consumer Class Action Against Banks, Pence Casts Tie-Breaking Vote

Reuters reports: Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses. Republican Vice President Mike Pence appeared on the Senate floor at 10:11 p.m. EDT to cast the tie-breaking vote …

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Bears Star In British Honey Commercial [VIDEO]

AdWeek reports: Once upon a time, there were three bears who lived in a house deep in the sun-dappled woods. We’re talking about Matt, Joel and Phil. You’ll notice pretty much immediately that they’re not axially bears—well, not in the ursine sense They’re burly, hirsute gay men—slang term: bears—starring in agency BMB’s cheekily unconventional content play for Britain’s Rowse Honey. …

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VIRAL VIDEO: Burger King’s Bullying Experiment

Fortune reports: Would you rather stand up for a damaged meal or a damaged child? According to Burger King, most would choose the former. The fast food giant rolled out a public service announcement today in honor of National Bullying Prevention Month that uses a clever social experiment to demonstrate how people often refuse to speak out against bullies. As …

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SURVEY: 40% Of LGBTs Report Workplace Bullying

In a CareerBuilder survey fittingly released on GLAAD’s anti-bullying Spirit Day, four in ten LGBT workers say they’ve been bullied at the workplace. CBS News reports: The majority of those who said they were bullied said it was by one person, while about 13 percent said it happened in a group setting. The number of LGBTQ workers with concerns about …

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76 Major Companies Petition SCOTUS To Back LGBT Employment Rights: Apple, Facebook, Google, Microsoft

The Associated Press reports: Some of America’s most well-known companies are urging the Supreme Court to rule that a federal employment discrimination law prohibits discrimination based on a person’s sexual orientation, a position opposite of the one taken by the Trump administration. The 76 businesses and organizations – including American Airlines, Apple, eBay, Facebook, Google, Starbucks and Microsoft – filed …

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Monopoly Man Trolls Senate Equifax Hearing [VIDEO]

CNBC reports: The Monopoly guy has gone to Washington. A person dressed in a black top hat and bushy white mustache, occasionally putting on a monocle or dabbing forehead sweat with giant paper money, sat in the audience of the Senate Banking Committee hearing on the Equifax data breach on Wednesday. Former Equifax CEO Richard Smith didn’t seem to notice. …

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Hackers Steal Credit Card Data From Whole Foods

Reuters reports: Amazon.com Inc’s Whole Foods Market on Thursday said payment card information has been stolen from taprooms, restaurants and other venues located within some of its stores. The upscale grocer, which Amazon recently purchased for $13.7 billion, said it uses a different point-of-sale system for its roughly 450 U.S. stores. That system was not involved in the data hack, …

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Equifax CEO “Retires” After Data Breach Scandal

Business Insider reports: Equifax, the consumer-data giant that was targeted in a hack that exposed the personal data of nearly half the U.S. population, said its CEO is out effective immediately. Richard Smith will “retire” as Chairman of the Board and CEO effective September 26, 2017, according to a statement from the company’s board. Board member Mark Feidler has been …

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LONDON: Uber Loses License Over “Public Safety”

The BBC reports: Uber will not be issued a new private hire licence, Transport for London (TfL) has said. TfL concluded the ride-hailing app firm was not fit and proper to hold a London private hire operator licence. It said it took the decision on the grounds of “public safety and security implications”. Confirming it would appeal against the decision, …

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Foreign Tourism To USA Sags Under Trump

The New York Times reports: New figures released by the U.S. Department of Commerce show a drop in international visitors to the United States by close to 700,000 in the first quarter of 2017 compared to the previous year. European countries were down 10.1 percent, and Mexico was off 7.1 percent in the quarter. The largest drops were from the …

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Toys R Us Files For Chapter 11 Bankruptcy

The Washington Post reports: Toys “R” Us announced late Monday night that it filed for Chapter 11 bankruptcy, though the company’s leadership assured customers its 1,600 stores around the world would continue to operate normally. The company, once America’s powerhouse of toys, has been struggling for years even as the toy industry grew. Instead, it plans to restructure the $5 …

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REPORT: Equifax Had Earlier Undisclosed Major Breach

Bloomberg reports: Equifax Inc. learned about a major breach of its computer systems in March — almost five months before the date it has publicly disclosed, according to three people familiar with the situation. In a statement, the company said the March breach was not related to the hack that exposed the personal and financial data on 143 million U.S. …

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Top Execs “Retire” At Equifax After Data Breach

TechCrunch reports: Top executives at Equifax are retiring effective immediately, according to the WSJ. Susan Mauldin was the company’s chief security officer and David Webb was the chief information officer. The report says the executives are retiring, though, in the wake of the company’s major security breach, “retire” feels like an euphemism for “fired.” The company says the personnel changes …

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Motel 6 Admits Staffers Left The Light On For ICE

The Huffington Post reports: Employees at Motel 6 locations in Phoenix have ceased working with U.S. Immigrations and Customs Enforcement agents in light of a new report that revealed motel staffers were reporting guests who appear to be undocumented immigrants, according to a spokeswoman for the motel chain. Raiza Rehkoff, the director of public relations and marketing for the motel …

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Dem Senator Calls For Insider Trading Investigation For Equifax Executives: “Somebody Needs To Go To Jail”

Reuters reports: U.S. senator on Tuesday called for a criminal investigation of executives from credit bureau Equifax  for stock sales after a massive data breach this summer, and said their actions were comparable to insider trading. Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million …

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Equifax Hit With Multi-Billion Dollar Class Action Suit

The Daily Beast reports: Victims of one of the most significant data breaches in U.S. history have filed a class-action lawsuit against the credit-monitoring firm Equifax. On Thursday, the company announced that hackers had stolen Social Security numbers and other personal information belonging to 143 million people, leaving them potentially vulnerable to identity theft and fraud. Victims of the breach …

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Credit Service Equifax Reports Massive Data Breach: Names, DOBs, Social Security Numbers, And Addresses

CNBC reports: Equifax, which supplies credit information and other information services, said Thursday that a data breach could have potentially affected 143 million consumers in the United States. Equifax said it discovered the breach on July 29. “Criminals exploited a U.S. website application vulnerability to gain access to certain files,” the company said. Shares of Equifax fell more than 5 …

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Chocolate Giant To Spend $1B Fighting Climate Change

Business Insider reports: Chocolate giant Mars is promising to spend close to $1 billion over the next few years fighting climate change. The $35 billion food giant behind brands like M&Ms, Skittles, and Twix on Wednesday launched its “Sustainability in a Generation” plan, aiming to reduce the carbon footprint of its business and supply chain by more than 60% by …

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