Luckin gets another de-listing notice from Nasdaq

(Reuters) – Luckin Coffee Inc (LK.O) disclosed on Tuesday it received a de-listing notice from the Nasdaq Inc (NDAQ.O) last week after the Chinese coffee chain failed to file its annual report. The company said in a regulatory filing it has not been able to file...

Patagonia joins North Face in Facebook ad boycott

Outdoor apparel brand Patagonia will pause its ads on Facebook and Facebook’s photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by US civil rights groups. “We will pull all ads on Facebook and Instagram, effective...

Google faces employee petition to end tech sales to police

OAKLAND, Calif. (Reuters) – More than 1,600 workers at Alphabet Inc are petitioning its Google unit to stop selling email and other services to police departments, a source familiar with the matter said on Monday. The workers in a petition seen by Reuters...

Lloyd’s of London apologizes for role in Atlantic slave trade

British insurance giant Lloyd’s of London apologized for its role in the Atlantic slave trade amid an international uproar over systemic racism. Lloyd’s said it was sorry for propping up the slave industry in the 18th and 19th centuries, which it called “an appalling...

Grocery giant Albertsons expects to raise $1.3B in IPO

Grocery conglomerate Albertsons expects to raise up to $1.3 billion when it goes public amid a coronavirus-related sales boom. Some of the Idaho-based company’s stockholders will sell 65.8 million shares at $18 to $20 apiece in the upcoming initial public offering,...