Facebook, Google, and others will now have to operate within rules set by the Communist Party of China if they want to stay in Hong Kong. If they do that, they will likely face a backlash back at home among their employees and US lawmakers. If they don’t, they lose out on getting any foothold at all within the biggest online market in the world.
-- Charlotte Jee, MIT Technology Review
By the end of this year, Dunkin' will close approximately 450 locations in Speedway gas station convenience stores, a move that was first announced in February, the company confirmed to USA TODAY on Tuesday.
-- Kelly Tyko, USA TODAY
The online fashion company said on Wednesday that it will launch an immediate independent review of its U.K. supply chain, following allegations that some garment factories in Leicester paid workers below the minimum wage and failed to protect them from coronavirus.
-- Lina Saigol, Marketwatch
How Ethical is Nike?
We're very confident we're going to get to profitability next year and we have enough of a diversified portfolio to make that statement with quite a bit of confidence
-- Dara Khosrowshahi, Uber CEO
Odwalla products had been delivered to retail locations via a fleet of about 230 refrigerated trucks - one example of how certain products can introduce complications into a company's supply chain. The beverage company is dissolving that distribution network, as well.
-- Danielle Wiener-Bronner, CNN Business
the authors used natural language processing to analyze the words that managers used to describe their ESG plans during conference calls. If managers frequently used vague words (measured as a percentage of overall language used) like would, should, and could as well as future tenses - signaling that ESG work may be years off - then they were more likely to be attacked by activists.
-- Julie Segal, Institutional Investor
Today, we are announcing a licensing program to pay publishers for high-quality content for a new news experience launching later this year. This program will help participating publishers monetize their content through an enhanced storytelling experience that lets people go deeper into more complex stories, stay informed and be exposed to a world of different issues and interests. We will start with publishers in a number of countries around the globe, with more to come soon.
-- Brad Bender, VP Product Management, News
Unlike the Apple News $9.99 monthly subscription, it looks like the new Google service will be free to the public, being paid for via inline advertising.
The company has announced that will sell its camera business to Japan Industrial Partners (JIP), the same company that purchased Sony’s VAIO PC division (via The Verge). Olympus will now focus on its much larger business supplying industrial and medical imaging equipment.
-- Steve Dent, Engadget
The Manheim used vehicle price index hit a record in mid-June, rising about 4% year over year, 7% compared with the May reading, and surging more than 16% compared with the April pandemic-induced low.
-- Al Root, Barron's
I purchased a 2016 vehicle with 20,000 miles from CarMax in October for $23,000. At the time, there were half-a-dozen versions of this particular vehicle available, all over the pacific northwest. This same search in June netted just a single example of this vehicle, and it was a 2015 model with 39,000 miles, also priced at $23,000.
Sure enough, restaurant chains most exposed to breakfast are struggling more than others. Shares of Starbucks and Dunkin’ Brands Group are both down about 13% in 2020, while Domino's Pizza — not usually breakfast fare — is the best-performing restaurant stock, up 29% on the year. Papa John’s and Chipotle Mexican Grill come in second and third, with year-to-date gains of 27% and 22%, respectively. McDonald’s stock is down 4% on the year.
-- Teresa Rivas, Barron's