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Showing posts from June, 2020

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company. from Companies https://ift.tt/2NE6ow4 via IFTTT

Starbucks latest to pause social media ads over call for Facebook's boycott

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 #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. The coffee chain's announcement follows statements from Unilever, the European consumer-goods giant behind Ben & Jerry's ice cream and Dove soap; Coca-Cola; cellphone company Verizon and outdoors companies like Patagonia, Eddie Bauer and REI; film company Magnolia Pictures; jeans maker Levi's and dozens of smaller companies. Some of the companies will pause ads just on Facebook, while others will refrain from advertising more broadly on social media. In response to companies halting advertising, Facebook executive Car...