Category: Business
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Update At: 2/10/2025
FuboTV's shares surged 239% after announcing a merger with Hulu + Live TV, where FuboTV will hold a 30% stake and Disney 70%. The deal includes a $220 million cash settlement and a $145 million loan from Disney, enhancing FuboTV's service by integrating Hulu programming. The merger aims to create a more competitive streaming service with 6.2 million subscribers and $6 billion in annual revenue, expected to be cash-flow positive upon inception.
Motley Fool
Texas has approximately 2.3 million registered businesses at the start of the year, reflecting an increase of about 125,000 from the previous year.
Chron
Starbucks has reversed its open-door policy, requiring customers to make a purchase to use its facilities. The new code of conduct bans various disruptive behaviors and aims to prioritize paying customers, following safety concerns and previous incidents. Employees will be trained to enforce these rules as part of a strategy to improve the store environment and boost sales.
WAPT Jackson
Starbucks is ending its longstanding policy that allowed people to sit in stores without making a purchase, prioritizing paying customers instead. The new Coffeehouse Code of Conduct will apply to over 10,000 company-owned stores in North America, aiming to create a better environment for customers. This change follows a history of racial bias incidents and is part of broader efforts to enhance the cafe experience under new CEO Brian Niccol.
ABC News
Starbucks is ending its open door policy, allowing only paying customers to use its facilities, including restrooms. The new code of conduct prohibits panhandling, smoking, and other disruptive behaviors, aiming to create a welcoming environment for paying customers. This marks a shift from the company's previous policy that allowed anyone to use its spaces regardless of purchase.
Fox Business
Starbucks has reversed its open-door policy, now allowing only paying customers to use its spaces, which raises concerns about the future of third spaces. This shift reflects broader industry trends prioritizing efficiency and profitability over community engagement. The decline of third spaces threatens social connections, but there are opportunities for reinvention through independent cafes and multifunctional spaces.
Forbes
UPS has ended its SurePost agreement with USPS, affecting package delivery methods. Millions of packages are now being sorted and delivered directly by UPS drivers. Customers who previously relied on USPS for final delivery to specific locations must now ship directly to U.S. addresses. UPS introduced SurePost in 2011 as an economical service for residential deliveries, but will now insource this product starting January 1, potentially leading to increased fees for certain deliveries.
Alton Telegraph
Target is rolling back its diversity, equity, and inclusion (DEI) programs, ending its three-year DEI goals and ceasing reports to external diversity-focused groups. This decision aligns with a trend among several companies that have dropped DEI-related commitments, influenced by conservative pressures and recent Supreme Court rulings. Target's previous DEI initiatives were strengthened after the murder of George Floyd in 2020, but the company now faces backlash from conservative groups over its inclusivity efforts.
NBC News
Target is scaling back its diversity, equity, and inclusion initiatives, including ending a program aimed at supporting Black employees and businesses. This decision aligns with similar moves by other major brands in response to conservative pressures and recent legal changes regarding affirmative action. Target's previous commitments to social justice and inclusivity are being reevaluated as the company navigates a changing political landscape.
CBS News
Target is ending its diversity, equity, and inclusion (DEI) goals amid pressure from right-wing activists and changing political landscapes. The company will stop participating in external diversity surveys and is reevaluating its corporate partnerships. This shift reflects a broader trend among U.S. companies, including Amazon and Walmart, to pull back on DEI initiatives, while some companies like Costco and Apple continue to support their diversity efforts.
CNNMoney