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Coronavirus Updates: Facebook and Twitter Pull Out of SXSW
Twitter announced Sunday that it was suspending all noncritical business travel and events, which included CEO Jack Dorsey’s scheduled return to South by Southwest, due to coronavirus. The company notified employees that the suspension would remain in place “until the World Health Organization or Centers for Disease Control and Prevention deem it appropriate to step back from pandemic precautionary measures, or when a vaccine becomes available.”
Facebook followed Twitter’s lead, pulling out of SXSW and limiting travel by employees. It comes on the heels of Facebook’s decision to cancel its F8 developer conference, which was set to be held in May.
Local residents of Austin, Texas are pressuring the city to cancel the conference, fearing travelers could bring the virus to the city. As of late Monday, more than 25,000 people signed a petition to cancel the conference.
A number of cancellations took place on Monday:
- Adobe moving its Adobe Summit online.
- The One Show canceled its in-person judging.
- Target’s annual investor meeting will be broadcast online.
Former General Electric CEO Jack Welch Has Died at 84
Jack Welch, former CEO of General Electric who oversaw the company’s enormous growth under a strategy that focused on rooting out bureaucratic inefficiencies, died late Sunday at age 84. Welch is known largely for his business savviness—GE grew from $4 billion to $410 billion under his leadership, according to CNBC. In a nod to his success, Fortune Magazine gave him the title, “Manager of the Century” in 1999. Welch also helped launch CNBC in 1989.
Levi’s Enacts ‘Industry-Leading’ Family Paid Leave Policy
In an expansion of its family leave policy, Levi Strauss and Co. now guarantees eight weeks of paid leave for certain workers in situations where their family members require extra care. The new policy will apply to about half of the company’s U.S. staff, allowing workers to take off two weeks at a time to take care of family members in need. For retail, which often lags behind in terms of worker benefits, the new policy is considered an “industry-leading approach.”
Orangina Plots a Comeback in North America, With New Owners and An Old Recipe
The fizzy, citrus-flavored beverage Orangina is back in the U.S. and Canada with its original 1936 recipe. The iconic glass, pear-shaped bottle has returned too, along with two new designs, which are being tested to meet consumer and retailer demands. The brand’s new owner, Venture Food and Beverage (VFB), will roll out a three-year plan to reinvent the drink and create a new category of beverages, dubbed sparkling juice.
Best of the Rest: Today’s Top News & Insights
- Arby’s Names Patrick Schwing CMO for ‘Next Phase of Growth’
- Atlas Obscura Hires Long-term Media Executive as New CEO
- Showtime Taps Former TruTV, Netflix Execs for Key Marketing Roles
- Butler, Shine Stern & Partners Hires Digitas and FCB Veteran as CEO
- LiveRamp Unveils Safe Haven, Its Answer to Privacy Demands
Ad of the Day: Nutella Takes Aim at Syrup, Declares Itself the Superior Pancake Topping
Nutella is arguing that it’s the best pancake topping. Timed to National Pancake Day and Fat Tuesday on Feb. 25, Nutella launched a two-week campaign that encourages U.S. consumers to ditch syrup for its hazelnut cocoa spread as their pancake topping of choice.