Corporate news

June 29, 2020 - 7:23 pm
NEW YORK (AP) — Athletic apparel maker Lululemon Athletica Inc. said Monday it's acquiring at-home exercise startup Mirror for $500 million. The deal is part of Lululemon's plan to expand beyond just selling yoga tights and other workout clothing. “The acquisition of Mirror is an exciting...
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FILE - This April 9, 2020 file photo shows a closed Patagonia clothing store in Freeport, Maine. The outdoor gear company Patagonia is the latest brand to announce an advertising boycott of Facebook and its Instagram app, saying the social media giant has “failed to take steps to stop the spread of hateful lies and dangerous propaganda on its platform." Patagonia joins The North Face and the outdoor gear company REI, which have announced similar boycotts in recent days. It is not clear how much the boycotts will affect Facebook's advertising revenue, which was nearly $70 billion in 2019, making up nearly all of its total revenue. (AP Photo/Robert F. Bukaty)
June 29, 2020 - 6:56 pm
For years, social media platforms have fueled political polarization and hosted an explosion of hate speech. Now, with four months until the U.S. presidential election and the country’s divisions reaching a boiling point, these companies are upping their game against bigotry and threats of violence...
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FILE - In this Thursday, June 4, 2020 file photo, a woman looks at the plywood covering the windows of a Starbucks store in downtown Naperville, Ill., as Naperville residents used hearts to post messages in support of the Black Lives Matter movement. Starbucks is the latest company to say it will pause social-media ads after a campaign led by civil-rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content. Starbucks said Sunday, June 28 that its actions were not part of the “#StopHateforProfit” campaign, but that it is pausing its social ads while talking with civil rights organizations and its media partners about how to stop hate speech online. (AP Photo/Nam Y. Huh, File)
June 28, 2020 - 7:18 pm
Starbucks is the latest company to say it will pause social media ads after a campaign led by civil rights organizations called for an ad boycott of Facebook, saying it doesn't do enough to stop racist and violent content. Starbucks said Sunday that its actions were not part of the “#...
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In this handout frame taken from video released Sunday June 28, 2020, by Novaya Gazeta, showing what the report is water from a Norilsk Nickel enrichment plant gushing out of a pipe and into a river which also runs into the lake near Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow, Russia. Russia's main criminal investigation body has launched a probe after a report that a nickel-processing plant was pumping water contaminated with heavy metals into the Arctic tundra. (Elena Kostyuchenko, Novaya Gazeta via AP)
June 28, 2020 - 12:23 pm
MOSCOW (AP) — A Russian metallurgical company said Sunday that it improperly pumped wastewater into the Arctic tundra and that it has suspended the responsible employees. The statement from Nornickel is the second time in a month the company has been connected to pollution in the ecologically...
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FILE - In this March 24, 2016 file photo, members of The Rolling Stones, from left, Mick Jagger, Charlie Watts, Keith Richards and Ron Wood pose for photos from their plane at Jose Marti international airport in Havana, Cuba. The Rolling Stones are threatening U.S. President Donald Trump with legal action for using their songs at his reelection campaign rallies despite cease-and-desist directives, according to a statement issued by the band Sunday June 28, 2020. (AP Photo/Ramon Espinosa File)
June 28, 2020 - 11:50 am
LONDON (AP) — The Rolling Stones are threatening President Donald Trump with legal action for using their songs at his rallies despite cease-and-desist directives. The Stones said in a statement Sunday that their legal team is working with music rights organization BMI to stop use of their material...
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A Koran War veteran walks through a sterilizer as a precaution against the new coronavirus while he arrives to attend a ceremony to mark the 70th anniversary of the outbreak of the Korean War in Cheorwon, near the border with North Korea, South Korea, Thursday, June 25, 2020. (AP Photo/Ahn Young-joon)
June 27, 2020 - 10:53 pm
SEOUL, South Korea — South Korea has confirmed 62 additional cases of the coronavirus over a 24-hour period as the Asian country continues to face new clusters of infections amid eased social distancing rules. The additional cases reported Sunday took the country’s total to 12,715, with 282 deaths...
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June 27, 2020 - 1:29 pm
NEW YORK (AP) — Kimberly Jones, the author and activist whose "How Can We Win?” video following the murder of George Floyd was shared online by Lebron James and Trevor Noah among others, has a deal for two books. Henry Holt and Company announced Thursday that for the first book Jones will expand...
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FILE - In this Jan. 18, 2020, file photo, George Chakuchin, left, and Mick Chakuchin walk on ice over the Bering Sea in Toksook Bay, Alaska, a mostly Yuip'ik village. A federal judge has ruled that Alaska Native corporations are eligible for a share of coronavirus relief funding set aside for tribes. Congress included $8 million for tribes in a relief package approved earlier this year. (AP Photo/Gregory Bull, File)
June 26, 2020 - 10:07 pm
FLAGSTAFF, Ariz. (AP) — Alaska Native corporations are eligible for a share of coronavirus relief funding set aside for tribes, a federal judge ruled late Friday in a case that has been closely watched around Indian Country. U.S. District Judge Amit Mehta in Washington, D.C., initially granted a...
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June 26, 2020 - 8:19 pm
SAN JOSE, Calif. (AP) — A federal judge has convicted a Chinese national of economic espionage, stealing trade secrets and engaging in a conspiracy for the benefit of his country's government. U.S. District Judge Edward Davila found Hao Zhang, 41, guilty of the three counts Friday after a four-day...
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FILE - This combination of photos shows logos for social media platforms, from left, Facebook, Twitter and Instagram. The company behind Ben & Jerry’s ice cream, Dove soap and a host of other consumer products says it will stop advertising on Facebook, Twitter and Instagram in the U.S. through at least the end of 2020 because of the amount of hate speech online. (AP Photo)
June 26, 2020 - 8:04 pm
OAKLAND, Calif. (AP) — Facebook said Friday that it will flag all "newsworthy" posts from politicians that break its rules, including those from President Donald Trump. Separately, Facebook's stock dropped more than 8%, erasing roughly $50 billion from its market valuation, after the European...
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