Facebook cannot buy its way out of competition
It wasn’t legal when John D. Rockefeller did it, and it’s still not legal. — NYT: Top Stories
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Category: Business
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AM Best places credit ratings of members of Farmers Insurance Group under review with developing implications
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the members of Farmers Insurance Group (Farmers). Concurrently, AM Best has placed
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Cash-strapped Indonesians turn to online Sunday market
A traditional Sunday market featuring Jakarta’s traditional arts and crafts moved online to help people who lost income and jobs during pandemic. (Dec. 11) JAKARTA, Indonesia (AP) — Rani Nurwitawati never thought she would lose her job at an Indonesian market
Business, Health Care
Bristol Myers Squibb receives positive CHMP opinion for Inrebic® (fedratinib) for adult patients with newly diagnosed and previously treated myelofibrosis
If approved, Inrebic will become the first new therapy for myelofibrosis in Europe in nearly a decade Inrebic, if approved, will also be the first once-daily, oral therapy to demonstrate clinically meaningful spleen and symptom response for patients with myelofibrosis where treatment
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The Olive Garden is open, but Marilyn Hagerty isn’t eating there
At 94, Marilyn Hagerty, the author of a North Dakota restaurant review that became an Internet sensation is still at work. In the pandemic, though, she’s had to make a few changes. — NYT: Top Stories
Business, Media & Communications
NICE Actimize recognized for technology innovation for the sixth consecutive year in the Chartis 2021 RiskTech100® rankings
Achieving a top ten ranking in the RiskTech100, NICE Actimize also received a category honor for its communications monitoring solution capabilities HOBOKEN, N.J.–(BUSINESS WIRE)–NICE Actimize, a NICE (NASDAQ: NICE) business, has been recognized by Chartis Research as the category winner for Communications
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New York’s $226 billion pension fund is dropping fossil fuel stocks
The fund will divest from many fossil fuels in the next five years and sell its shares in other companies that contribute to global warming by 2040. — NYT: Top Stories
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Work-from-home scheme targeting Latinas netted $7 million, U.S. says
A federal lawsuit says that Moda Latina BZ, a Los Angeles County company, deceived consumers into thinking they could make up to $500 a week selling perfume, makeup and other items. — NYT: Top Stories
Business
Campbell reports first-quarter fiscal 2021 results and increases quarterly dividend
Net Sales increased 7%; Organic Net Sales increased 8% reflecting continued elevated demand for Campbell’s brands. Earnings Before Interest and Taxes (EBIT) increased 45% to $461 million. Adjusted EBIT increased 18% to $463 million. Earnings Per Share (EPS) from Continuing Operations of