Entertainment Studios Networks owner Byron Allen has filed a $ 10 billion lawsuit against McDonald’s. According to The Wall Street Journal, the case concerns discrimination in advertising.
According to the lawsuit, McDonald’s violated federal and state civil rights law by demonstrating “racial hatred and racial stereotypes” in the distribution of advertising media.
According to the document, the company refused to advertise in the media owned by African-American Allen. The lawsuit alleges that blacks make up about 40 percent of McDonald’s customers, but in 2019, the company spent $ 1.6 billion from its advertising budget in the United States less than $ 5 million on advertising in black media.
The plaintiffs also allege that McDonald’s has never advertised on Entertainment Studios since its inception in 2009. At the same time, the company paid for a large amount of advertising in similar networks owned by whites.
The lawsuit was filed the same day that McDonald’s announced a decision to increase the cost of advertising in the media owned by African Americans from 2 to 5% by 2024.
The company also announced the allocation of funds for advertising on platforms owned by women, as well as various ethnic and sexual minorities.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
The shareholders of the Unison Bank filed two lawsuits to the District Administrative Court of Kyiv, demanding to recognize the illegal and to cancel the decision of the Board of the NBU on the recognition of the bank insolvent. In the complaint the bank also requires to cancel the decision of the Deposit Guarantee Fund […]
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In the north of England, in the shire of Durham closed the last commercial coal mine Bradley Mine, which operated for almost 200 years. It is noted that the open coal sump, which produced 150 thousand tons of coal per year, decided to close after failed plans to expand production areas. Environmentalists have fought against […]
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McDonald’s F 32 has officially announced changes in the process of cooking its burgers. The buns will become softer and darker, and the company will bake them according to three different recipes. McDonald’s promises they will not have flavor enhancers: only natural ingredients to improve texture, frying and taste. The size of the buns was […]
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The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]
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Shares of Adobe Systems, which rose to 76% over the past 12 months, increased by 2.8% after the announcement of a strong 3rd quarter, traditionally considered seasonally weak. “Adobe has demonstrated the best third quarter in our history,” said Shantanu Narayen, president and CEO of Adobe. “We are confident that our leadership in digital services […]
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Robinhood, whose stock trading app has revolutionized Wall Street access to ordinary Americans on small budgets, on Thursday, launched a phased launch of a new product called IPO Access. IPO Access gives users the opportunity to buy shares until their initial public offering (IPO) on the stock exchange at the IPO price (the price […]
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Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]
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The State Property Fund sold the second object of the alcohol industry – Artemivsk distillery – for 50 million hryvnias. This was reported by the press service of the State Property Fund on Facebook. “The auction for the sale of the property of Artemivsk MTD and the storage of alcohol has just ended. This is […]
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According to Interfax-Ukraine, Fozzy Commercial and Industrial Group (CIG) in connection with Trash new retail chain storey creation, has registered LLC Silpo-Food at the beginning of August. According to information in the Single state register of legal entities and individual entrepreneurs, PJSC became the founder of PJSC Closed Undiversified Venture Corporate Investment Fund Retail Capital. […]
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LDaily decided to conduct a survey among the companies working in Ukraine to find out what social projects they support and why. Anastasia Voitkevych, Head of Corporate Communications & Social Responsibility, Winner Group Ukraine Winner CSR has two focus areas — Charity and Responsible Business. Charity is philanthropy, Winner’s and its leadership’s […]
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Net profit of the American company Intel, one of the world’s largest manufacturers of computer components, in the first nine months of 2020, which ended on September 26, rose from 6.3% to $ 15.042 billion, according to the company press release. Adjusted earnings per share for the reporting period were $ 3.52 against $ 3.14 […]
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Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
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Spouses McMahon, the owners of the “Morgan Fenice company ” – a large manufacturer of the upholstered furniture (Morgan Furniture LLC, Kvasyliv, Rivne region), are going to invest 280 million UAH (€ 9.3 million) within the next three years to expand production capacity and specialty-equipment. This will increase the volumes of production and export by […]
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The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand. In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, […]
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Egypt is losing about $ 14 million a day due to the blockade of the Suez Canal by the giant container ship Ever Given. The head of the Suez Canal Osama Rabi in an interview with eXtra News stated this. It is difficult to calculate the exact amount of losses, as the fees that Egypt […]
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Gazprom can circumvent European restrictions on the Nord Stream-2 gas pipeline through a contract for gas supplies to the German market, which it has concluded with the Austrian company OMV. As we know, the EU gas directive requires half of the capacity of gas pipelines to be provided to independent suppliers. Except for routes for […]
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