Fast-Casual Chain Ruby Tuesday Files for Bankruptcy

The restaurant operator said it has filed for chapter 11 bankruptcy in a bid to reduce its liabilities as it works to recover from reduced business brought on by the coronavirus pandemic. 


 
Venmo's New Credit Card Puts QR Codes Front and Center

Venmo, the payments app owned by PayPal Holdings, has introduced its first physical credit card, stamped with a prominent QR code on the front. 


 
Broadcom Settles Chip Dispute With EU Regulators

The European Commission said it accepted Broadcom's legally binding commitments to refrain from any exclusivity arrangements for chips used in television set-top boxes and internet modems. 


 
Tesco Posts Profit Rise, Confirms Special Dividend

Tesco posted a profit for the first half of GBP551 million despite incurring coronavirus-related costs of around the same amount, and confirmed plans to pay a GBP5 billion special dividend 


 
House Panel Says Big Tech Wields Monopoly Power

The biggest U.S. technology companies have leveraged their dominance to stifle competition and innovation, Democrats said in a report following a 16-month inquiry and called on Congress to take antitrust action. 


 
Labor Department Questions Microsoft and Wells Fargo Over Pledges to Hire More Black Employees

Microsoft and Wells Fargo were contacted last week by the U.S. Labor Department questioning their plans to hire more Black employees as they seek to diversify their management ranks. 


 
Facebook to Ban QAnon Groups and Pages

Facebook said it would step up its crackdown on QAnon, removing more groups and pages devoted to the fast-growing conspiracy movement that has thrived on social media. 


 
SpaceX Satellite Contract Underscores Focus on Pentagon

Elon Musk's Space Exploration Technologies Corp. has taken another big step to boost its standing as a U.S. military supplier by winning a contract for part of a proposed Pentagon missile-warning system. 


 
News Site Quartz Is Put on the Block

Japan's Uzabase expects to sell the business news site for far less than the $86 million it paid, reflecting in part the impact of the pandemic. 


 
JPMorgan Pledges to Push Clients to Align With Paris Climate Agreement

The bank, long under pressure from climate activists, says lowering emissions can help a company attract capital and stay relevant.

(END) Dow Jones Newswires

10-07-20 0715ET