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    In this article SPCXThe Athletic co-founders Adam Hansmann and Alex MatherSource: The AthleticDigital sports publication The Athletic and short-form news service Axios are considering merging as part of a larger plan to roll up digital media companies, according to people familiar with the matter. The Wall Street Journal first reported on the news Friday. Talks are "extremely early," one...
    The Heritage Foundation turned down donations from Google and Facebook over the tech companies’ targeting of conservative speech. Kay C. James, the outgoing president of the think tank, wrote in a pair of letters to Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai that the Heritage Foundation could “not in good conscience accept money from” companies that suppress conservative...
    A senior executive at Facebook was secretly recorded saying that the social media giant harms the world, that it needs to be broken up, and that CEO Mark Zuckerberg should be removed. A video released Monday of Benny Thomas, Facebook's global planning lead, shows him candidly expressing his opinions about his employer to an undercover journalist from Project Veritas, a...
    A woman walks past the U.S. Federal Reserve building in Washington D.C., May 21, 2020.Ting Shen | Xinhua News Agency | Getty Images As the Federal Reserve moves deeper into its purchases of corporate debt, it faces more questions about the consequences of its unprecedented market interventions. Disclosures filed this week surrounding its credit facilities show the Fed is not...
    By TALI ARBEL, AP Technology Writer Reddit, an online comment forum that is one of the internet's most popular websites, on Monday banned a pro-Donald Trump forum as part of a crackdown on hate speech. The Trump forum was banned because it too often hosted content that broke Reddit's rules, including encouraging violence, and “antagonized” the company. It had previously...
    Reddit, an online comment forum that is one of the internet’s most popular websites, on Monday banned a pro-Donald Trump forum as part of a crackdown on hate speech. The Trump forum was banned because it too often hosted content that broke Reddit’s rules, including encouraging violence, and “antagonized” the company. It had previously tried to discipline the forum. The...
    Organizers of a Facebook advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech. The “Stop Hate for Profit” campaign will begin calling on major companies in Europe to join the boycott, Jim Steyer, chief...
    By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit. The central bank also said it has, so far, purchased...
    WASHINGTON (AP) — The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit. The central bank also said it has, so far, purchased nearly $429 million in corporate...
    (CNN Business)A growing list of companies say they'll join an advertiser boycott on Facebook in protest of what they say are the site's failures to stop the spread of hate. A civil rights coalition, which includes the Anti-Defamation League (ADL) and the NAACP, launched the #StopHateforProfit campaign last week when it called on major corporations to put a pause on...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City By Sheila Dang Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove...
    By Sheila Dang (Reuters) - Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech. The "Stop Hate for Profit" campaign will begin calling on major companies in Europe...
    BOSTON (AP) — A look at coronavirus developments in New England: NEW HAMPSHIRE State health officials reported two additional deaths and 51 new positive cases of the virus as of late Saturday. That brings New Hampshire's total death count to 367 since the pandemic started, and more than 5,700 cases of COVID-19. The two recent deaths were both women over...
    Humiliated by the coronavirus, the neoliberal system seems to be out of time to solve the increase in poverty, the lack of resources in the health systems or the displacement of millions of refugees suffering from the effects of the pandemic. Evidence of the scale of the plague was given this week by the head of the German government,...
    Princeton will remove President Woodrow Wilson’s name from its prestigious public policy school and a residential college. “Wilson’s racism was significant and consequential even by the standards of his own time,” Christopher L. Eisgruber, Princeton’s president, wrote Saturday. The governor of Mississippi -- the last state with a flag that includes the Confederate battle emblem -- said Saturday he would...
    New York (CNN Business)The late spring and summer is supposed to be a sleepy time for the stock market. But this is shaping up to be an atypical summer in a year that has been anything but normal.Sell in May? That didn't work as the S&P 500 rose about 4.5% following a nearly 13% surge in April. June swoon? Not...
    William Barr believes certain social media companies are “censoring” conservative voices and in a recent interview, the attorney general said he’s looking at ways to bring antitrust charges against those firms. Harry Litman of the Los Angeles Times reported on Thursday that Barr sat down for an interview on Fox News where he talked about a number of goals he...
    Major telecommunications companies are shifting away from tech giant Huawei as the coronavirus pandemic deepens global suspicion of companies backed by the Chinese Communist Party. “We’ve come through this crucible,” said retired Air Force Gen. Rob Spalding, a senior fellow at the Hudson Institute, while discussing how private companies are changing behavior in light of U.S. government warnings. “It...
    New York (CNN Business)The coronavirus pandemic has forced many companies to embrace work-from-home solutions. For some, the transition may stick. Several big businesses plan to let much of their staff work from home permanently, even after the pandemic. Working from home could become the new normal — at least for some...FacebookMark Zuckerberg said as many as 50% of Facebook (FB)...
    The Pentagon released a list of 20 companies that it says are owned or controlled by Communist China’s military and operate in the US – including tech giant Huawei, according to a report. The list, sent to lawmakers in a letter dated June 24, includes “entities owned by, controlled by, or affiliated with China’s government, military, or defense industry,” Pentagon...
    In the Star Tribune, Mike Hughlett reports, “Minnesota Attorney General Keith Ellison on Wednesday sued ExxonMobil Corp., Koch Industries and the American Petroleum Institute, saying they have long deceived consumers over the effects of climate change. The lawsuit, filed in Ramsey County District Court, includes claims of multiple violations of Minnesota laws, including fraud, deceptive trade practices and false statements...
    New York’s financial regulator on Wednesday proposed new licensing rules that would make it easier for companies to engage in cryptocurrency business — using such digital currencies as bitcoin — in the state. The New York State Department of Financial Services is asking for the public’s input about the plan by Aug. 10. The initiative stems from the “actual...
    Ben html5-dom-document-internal-entity1-amp-end Jerry’s is owned by the Unilever conglomerate. The company run by Mark Zuckerberg owns Instagram and WhatsappIn addition to the social network itself and the conglomerate, it adds up to 80 other lesser-known companies. This boycott is part of the “Stop Hate For Profit” campaign, which requires Facebook to take stricter measures against hateful and racist...
    SACRAMENTO, Calif. (AP) — California’s attorney general and a group of city attorneys on Wednesday escalated their lawsuit targeting the business model of ride-hailing giants Uber and Lyft, announcing they will request a judge immediately compel the companies hire its drivers as employees. The maneuver comes after the state and three cities sued the companies in May, accusing them of...
    People stand in line for a temperature check outside an office building.SeongJoon Cho | Bloomberg | Getty Images As many U.S. cities and states begin to enter phases 2 and 3 of coronavirus reopenings, employees around the country are wondering when their office will call them back. With building concerns about a second wave of infections and uncertain progress on a potential...
    (CNN Business)Six years ago, a wave of tech companies including Apple (AAPL), Twitter (TWTR), eBay (EBAY), and LinkedIn began revealing data on the diversity of their workforces. The information, which had previously been kept closely guarded, was released after increased pressure for transparency as their fortunes and influence swelled.The data was sobering for a group celebrated for innovation and progress....
    Chinese President Xi Jinping walks past officials wearing face masks following the coronavirus disease (COVID-19) outbreak as he arrives for the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020.Carlos Garcia Rawlins | Reuters China has been juggling a global pandemic along with geopolitical tensions this year, clouding...
    Google CEO Sundar Pichai testifies before the U.S. House of Representatives Judiciary Committee.Liu Jie | Xinhua News Agency | Getty Images Tech leaders have criticized President Donald Trump's latest immigration crackdown on the visa programs that their companies rely on to employ thousands of staff.   Trump signed an executive order on Monday that suspends foreign work visas including the L-1...
    (Bloomberg) – The primary weapon in the arsenal that Europe put together to combat the economic collapse of the coronavirus has yet to find a target. According to figures from seven of Europe’s largest economies compiled by Bloomberg News, less than 15% of funds made available by governments through banks have been used as collateral for business loans. Consequently, more...
    (CNN Business)Silicon Valley is pushing back against President Donald Trump's latest immigration curbs, this time targeting visa programs that tech companies use to bring in thousands of skilled foreign worker.Trump signed an executive order on Monday expanding restrictions on several work visas until at least the end of this year, including the L-1 visa that allows companies to transfer employees...
    (CNN)A growing list of companies say they'll join an advertiser boycott on Facebook in protest of what they say are the site's failures to stop the spread of hate.A civil rights coalition, which includes the Anti-Defamation League (ADL) and the NAACP, launched the #StopHateforProfit campaign last week when it called on major corporations to put a pause on advertising on...
    The coronavirus pandemic has increased pressure on companies to stop focusing only on maximizing profits and to instead address environmental and social issues, according to the former chairman of Goldman Sachs Asset Management. In an interview with CNBC, economist Jim O'Neill said the pandemic has highlighted inequalities in the workforce and created an opportunity for governments and companies to address...
    Between April and May, 9,984 employers from the Mexican Social Security Institute (IMSS) were terminated, with which 997,767 employers were registered. Despite some support in credits and in the deferral of the payment of employer-employee quotas, in April 6,689 records were lost and in May there were 3,295. After two weeks of confinement (in the video I said 14,...
    Israel's health-tech scene is having a bit of a moment.  Healthy.io is just one of the start-ups headquartered in Tel Aviv and moving into the U.S. health-care market. The company, which builds technology to make it easier for consumers to take urine analysis tests at home, already has relationships with U.S. health systems, including Geisinger. Their concept provides an alternative to...
    WELLINGTON, New Zealand (AP) — New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case. He said the money...
    A pedestrian wearing a protective mask walks through the Lujiazui financial district in Shanghai, China, on Friday, March 20, 2020.Qilai Shen | Bloomberg | Getty Images As global uncertainty escalates, more foreign businesses are buying into China, including deals in the more sensitive industries of finance and technology. "Over the past 18 months, we have recorded levels of foreign M&A...
    New York (CNN Business)The effects of the coronavirus are still battering the economy, despite small signs of a turnaround.Just look at the most recent numbers: Another 1.5 million US workers filed for first-time jobless benefits last week, the Department of Labor said Thursday, for a total of more than 45 million Americans who have done so first-time benefits since mid-March.Large...
    Although Facebook faced an internal revolt and an avalanche of criticism this month for refusing to take action regarding President Donald Trump’s incendiary posts, behind the scenes, the social network was very active in making other bets. One Tuesday night, when the focus was on how Facebook could handle Trump, the Silicon Valley company said in a short blog...
    London (CNN Business)Hertz (HTZ) won't be selling $500 million in stock after all — but the bankrupt company's attempt to do so says a lot about the state of markets.What's happening: Hertz, which filed for bankruptcy four weeks ago, said Thursday afternoon it was pulling the plug on its planned stock sale. It did so after learning Monday that the...
    New York (CNN Business)This Friday marks Juneteenth, the oldest known holiday honoring the end of slavery in the United States. And this year, more than a dozen companies are, for the first time, giving employees a paid day off from work to observe it. After weeks of nationwide demonstrations over the death of George Floyd and racial injustices, companies are...
    London (CNN Business)Two major British companies have acknowledged their historic ties to the slave trade and pledged new financial support to black and minority ethnic communities.Lloyd's of London, the world's oldest insurance market, and pub chain Greene King said in statements late Wednesday that they would take steps to make their businesses more racially inclusive and provide financial support to...
    WASHINGTON (AP) — U.S. health regulators are cracking down on three companies for selling at-home blood tests for coronavirus, warning that the products have not been shown to safely and accurately screen for COVID-19. The Food and Drug Administration sent warning letters to the companies Wednesday, saying their products are illegal because they have not been reviewed by the agency...
    A pedestrian walks past an advertisement for Nike.Dhiraj Singh | Bloomberg | Getty Images Multiple companies have announced that they will either honor or recognize Juneteenth as a paid holiday for their employees this year, as a sign of support for the Black community. Juneteenth, a blend of the words June and nineteenth, honors the end of slavery in the United...
    Reuters June 17, 2020 0 Comments The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump’s bid to crack down on tech giants. The goal of the proposal, which is being...
    By Diane Bartz and Alexander Alper | Reuters WASHINGTON – The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump’s bid to crack down on tech giants. The goal of the...
    Washington (CNN)Defense officials are increasingly concerned China is using the coronavirus crisis to gain stakes in strategically important businesses as the pandemic leaves struggling companies urgently in need of capital.But even as the Defense Department works to improve supply security, procurement experts warn that the Pentagon may not have the visibility required to vet or help protect smaller companies down...
    Democrats say they are not receiving enough information about the loan disbursements and fear the Treasury Department has favored large, well-funded companies over smaller businesses in underserved communities. In the letters, the Democrats on the House Select Subcommittee on the Coronavirus Crisis request that the banks "take immediate steps to ensure that remaining PPP funds are allocated to those businesses...
    (CNN)In a matter of days, there was a sea change with one of the most cutting-edge and controversial technologies in Silicon Valley. Three tech giants — Amazon, Microsoft and IBM — all said this week they will not sell facial recognition technology to police. The technology, which has long been criticized by justice and privacy advocates, faced new scrutiny in...
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