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Peet’s Coffee owner pulls off speedy 10-day IPO despite pandemic fears

JDE Peet’s, the owner of Peet’s Coffee, gave Europe’s depressed IPO market a shot in the arm on Friday, raising €2.25 billion ($2.5 billion) in an Amsterdam listing that valued the firm at €15.6 billion ($17.3 billion). Shares in the company, which also owns the Jacobs, Douwe Egberts and L’OR brands, surged as much as…MORE

Madonna posted a video tribute to George Floyd, and it didn’t go down well

Madonna posted a video tribute to George Floyd, and it didn’t go down well

Amid the widespread outrage over the death of Minneapolis security guard George Floyd, Madonna is coming under fire for a social media misstep. As anger grew at footage showing a police officer kneeling on Floyd’s neck as he died, the singer Thursday tweeted a two-minute clip of her son, David Banda, dancing to Michael Jackson’s…MORE

A CNN crew has been arrested while covering Minneapolis protests

A CNN crew has been arrested while covering Minneapolis protests

A CNN crew was arrested by police Friday morning while giving a live television report in Minneapolis, where the crew was covering ongoing protests over the death of George Floyd. The crew, including correspondent Omar Jimenez, were handcuffed and detained as Jimenez gave a live report on a Minneapolis street shortly after 5 a.m. CT…MORE

Renault to slash 14,600 jobs as coronavirus wreaks havoc on auto industry

Renault to slash 14,600 jobs as coronavirus wreaks havoc on auto industry

Renault is slashing 14,600 jobs as part of a major overhaul designed to reduce costs and help the French carmaker survive the coronavirus pandemic. Some 4,600 positions will be eliminated in France, with 10,000 more in other markets. The company announced Friday that it will cut fixed costs by more than €2 billion ($2.2 billion)…MORE

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