Facebook stock slides on Cambridge Analytica data leak
Facebook plunged as reports linked Cambridge Analytica to improperly accessing data on 50 million users. The drop sparked regulatory scrutiny and questions about future oversight while markets reeled with major indices down and tech giants slipping.
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Claire’s files Chapter 11 to restructure debt
Claire’s, the New York based ear piercing retailer, files for Chapter 11 protection while keeping stores open. The Hoffman Estates Illinois company says it expects to emerge in September after cutting nearly 2 billion dollars in debt and notes competition from online shopping. It also operates Icing with over 4000 stores worldwide over the years.
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Californians urge CalPERS to divest gun related holdings
Families of mass shooting victims press California Public Employees' Retirement System to divest from companies selling assault weapons and fast firing devices. Governor candidate John Chiang leads push targeting Sportsman's Warehouse Holdings while board members cite influence and financial risk.
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