Business Briefs – June 28, 2017

Companies, Governments Assess Damage From Latest Malware

PARIS (AP) – Companies and governments around the world are counting the cost of a software epidemic that has disrupted ports, hospitals, banks and factories. Ukraine, which was hardest hit and where the cyberattack likely originated, says it has secured critical state assets — though everyday life remained affected, with cash machines out of order. At the very least, cybersecurity firms say thousands of computers worldwide have been struck.

ABC, Meat Producer Settle in $1.9B ‘Pink Slime’ Libel Suit

SIOUX FALLS, S.D. (AP) – ABC and a South Dakota meat producer have settled in a $1.9 billion lawsuit against the network over its reports on a beef product that critics dubbed “pink slime.” The terms of the settlement announced Wednesday are confidential. Beef Products Inc. sued the network in 2012, saying ABC’s coverage misled consumers into believing the product is unsafe, is not beef and isn’t nutritious.

China Frees 3 Activists Who Probed Ivanka Trump Supplier

GANZHOU, China (AP) – Three activists who’d been investigating labor conditions at a factory in China when they were detained by Chinese authorities are now free on bond. The factory produced shoes for Ivanka Trump and other brands. The activists were working with China Labor Watch, a New York-based group, which says it’s hoping they will get a fair trial. The three had been preparing to publish a report alleging low pay, excessive overtime and other possible abuses.

Prosecutors Settle Panda Express Discrimination Claim

WASHINGTON (AP) – Panda Express reached a settlement with the U.S. Department of Justice over allegations the company discriminated against workers who were not U.S. citizens, federal prosecutors said Wednesday. Under the settlement, Panda Express will pay a $400,000 penalty to the U.S. government and establish a $200,000 fund to compensate workers who lost wages due to the chain’s practices. Panda Express said in a statement it did not discriminate and settled the investigation to focus on supporting its staff.

Blue Apron Slices Share Price Range, Hinting at Tough Market

NEW YORK (AP) – Blue Apron, the meal-kit delivery company, is slashing the price it expects to sell its shares in an initial public offering, a sign that the company may be having trouble attracting investors. The price chop Wednesday comes as competition to deliver groceries heats up. E-commerce giant Inc. is expected to shake up the industry after announcing plans to buy organic grocer Whole Foods earlier this month.

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