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The Brazilian Senate voted 59 to 21 to hold an impeachment trial for President Dilma Rousseff, currently suspended for alleged illegal accounting. The trial will be held at the end of the month.
Has enabled technology that will prevent ad blockers from working on its site, although it will still allow users to opt out of targeted ads. Facebook serves ads to more than 1.7B monthly users.
Sears and KMart closed nearly 80 stores -- 10 Sears stores and 68 KMart stores -- following poor sales. Sears’ CFO is also departing and layoffs are coming soon.
U.S. Postal Service
Total revenue for USPS actually grew 7%. However, it reported a loss of $1.57 billion compared to $586 million the year before, thanks to higher labor and transportation costs.
"Big box retailers destroyed local chains and mom and pop shops by offering bigger selections and discounted prices. Amazon is building the biggest box in history."
Micah Rosenbloom, Managing Partner, Founder Collective
Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo