Nestle explores sale of Pure Life in overhaul of water business
Nestle is exploring a potential sale of part of its North American water business, including the Pure Life brand, it said on Thursday, as the food giant shifts focus to better performing brands.
Instant View: Wall Street backslides on economic gloom, uptick in virus cases
Wall Street indexes nosedived on Thursday, on track for their worst days since early in the coronavirus pandemic as investors reassessed a stocks resurgence after the Fed issued a gloomy growth forecast and infections showed signs of upswing.
U.S. stocks plunge on dire economic forecasts and pandemic resurgence
Wall Street tumbled in a broad sell-off on Thursday, with the Dow plunging well over 5%, as a cautionary economic forecast from the U.S. Federal Reserve and the prospect of a possible resurgence of COVID-19 infections put investors in risk-off mode.
A month into reopening, no clear turn for U.S. economy or pandemic
A month into efforts to broadly reopen the U.S. economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed more than 112,000 Americans.
Yum sues Grubhub for violating delivery deal
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of its food delivery partnership, a day after Europe’s Just Eat Takeaway.com NV agreed to buy the company for $7.3 billion.
Google to ban targeting housing ads based on gender, age
Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to users based on their postal code, gender, age, parental status or marital status.
Comcast, media mogul Byron Allen reach carriage deal
Comcast Corp said on Thursday it reached a content carriage deal with comedian-turned media mogul Byron Allen, who withdrew a lawsuit about racial bias against channels owned by African Americans.
Microsoft declines to sell facial recognition tech to police
Microsoft Corp said on Thursday it would not sell its facial-recognition technology to police departments until there is a federal law regulating the technology.
Apple will increase spending with black-owned suppliers as part of $100 million racial justice effort
Apple Inc Chief Executive Tim Cook said on Thursday the iPhone maker will increase spending with black-owned partners in its supply chain and seek to increase minority representation among the firms it does business with.
Amazon may face EU antitrust charges over merchant data in coming weeks: source
Amazon may face EU antitrust charges in the coming weeks over its use of data from merchants with whom it competes on its platform, a person familiar with the matter said on Thursday, putting it at risk of a hefty fine.
