Companies

Twitter CEO Jack Dorsey doesn’t appear to be interested in making peace with President Trump any time soon. Just a week after tagging two of Trump’s tweets with fact-check tags, prompting the president to call for regulation of social media companies, Dorsey announced that he was donating $ 3 million to the Colin-led charity. Kaepernick. “$ 3mm for Colin @ …

The effects of George Floyd’s protests have reached the world of video games. One of the world’s most popular free-to-play shooter games, Fortnite, announced this week that it would delay its end-of-season event to give employees and players more time with their families and friends. “We are very aware of the pain our friends, families, team members, players and communities …

The nation’s largest mall operator is suing its largest tenant for not paying rent during the pandemic in what could be the start of a stream of litigation over rent payments. Simon Property is suing the owner of Banana Republic, Old Navy and The Gap for $ 66 million in back rent and other charges related to their 412 stores …

Nearly 1.9 million Americans applied for unemployment benefits last week, as the coronavirus crisis left 42 million people out of work in less than three months, new data shows. The weekly figure reported by the United States Department of Labor continued its steady decline to drop below 2 million for the first time since mid-March. However, the latest seasonally adjusted …

Luxury giant LVMH is examining the impact of the coronavirus pandemic on its $ 16.2 billion acquisition of Tiffany amid reports that it wants to renegotiate the deal. The Paris-based conglomerate’s board of directors discussed this week how the virus crisis could affect Tiffany’s “results and prospects” regarding the companies’ November acquisition deal, LVMH said Thursday. The Louis Vuitton owner …

Protests are dividing the United States, a bitter dispute is brewing over Hong Kong, a pandemic continues across the world, and the stock market is on the rise. The Dow Jones Industrial Average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to ignore spectacular images of looting and police clashes …

Quibi, the startup startup of Hollywood mogul Jeffrey Katzenberg, is already in court mode. Just a month after it launched on April 6, the mobile streaming service is asking top executives to cut the payout by 10 percent, as coronavirus blockages have slashed demand for their short videos, which are targeted people on the move. In an internal note obtained …

Zoominfo Technologies seeks to price its initial public offering on Wednesday above its revised upward target range on what will be the largest technology list in the United States so far this year, people familiar with the matter said. A B2B data vendor, Zoominfo – not to be confused with Zoom Video Communications, the company that offers video conferencing – …

LVMH Chief Executive Bernard Arnault is exploring ways to reopen negotiations over the $ 16.2 billion acquisition of jewelry chain Tiffany & Co by French luxury goods giant, as social unrest in USA USA And the coronavirus pandemic weighs heavily on the retail sector, people familiar with the matter said Wednesday. LVMH agreed to acquire Tiffany in November, but the …

Coty cannot have enough of the Kardashian-Jenner clan. The New York cosmetics giant is in talks with Kim Kardashian West to collaborate on “certain beauty products,” the company revealed in a stock presentation Tuesday. Coty already has a 51 percent stake in Kardashian’s younger sister, Kylie Jenner’s beauty company Kylie Cosmetics, for which she disbursed $ 600 million last year. …