Thursday, 12 August 2021

Reuters Business: Harris meets with CEOs to drum up support for child care proposals -White House

Harris meets with CEOs to drum up support for child care proposals -White House

Vice President Kamala Harris underscored the importance of affordable childcare for improving U.S. competitiveness during a meeting with top executives of seven companies including Microsoft Corp (MSFT.O) and Etsy (ETSY.O) on Thursday.

DoorDash revenue beats as food delivery demand booms

DoorDash Inc (DASH.N) beat quarterly revenue estimates on Thursday, as the pandemic-era surge in food delivery stayed strong even after easing curbs and growing vaccination rates encouraged people to dine out more.

Disney beats Wall Street estimates as streaming grows, parks turn profit

Walt Disney Co (DIS.N) earnings topped Wall Street forecasts for the most recent quarter as its streaming services picked up new customers and the pandemic-hit theme parks unit recorded a profit.

Airbnb promises record third quarter, but warns on Delta impact

Airbnb Inc (ABNB.O) said on Thursday it expects the third quarter to be its strongest on record as more people check into its vacation rentals after the easing of COVID-19 curbs in most major economies.

Cineworld eyes listing after rival AMC becomes meme stock

Cineworld (CINE.L) is considering a Wall Street listing for all or part of its business in an effort to bolster its finances which are under heavy pressure from the coronavirus pandemic.

New York's pension fund to review oil holdings, axes more coal investments

The third-largest U.S. public pension fund on Thursday said it is launching reviews over climate concerns on $640 million invested in 42 shale oil and gas firms, including ConocoPhillips (COP.N), Hess (HES.N) and Pioneer Natural Resources (PXD.N).

Cheap money pushes U.S. investors from distressed debt to rescue financings

The abundance of cheap corporate debt is pushing investors who typically buy the debt of U.S. companies in financial distress to invest instead in providing financing to companies that are shunned by banks and don't have any other way to borrow money.

UnitedHealth settles charges it denied mental health, substance abuse coverage

UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, has settled federal and New York state charges it illegally denied coverage to thousands of patients suffering from mental health problems and substance abuse.

Alibaba to set up committee to probe sexual harassment complaints

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) said on Thursday it will set up a committee, initially comprising five female senior executives, to investigate sexual harassment complaints.

McDonald's franchise settles workers' COVID-19 lawsuit as U.S. cases surge

A McDonald's Corp (MCD.N) franchise in Oakland, California, has agreed to take steps to protect workers from COVID-19 to settle a 2020 lawsuit claiming managers gave employees dog diapers and coffee filters to use as face masks.

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