Business

Wednesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

UPS

UPS will provide $3.2 million through the UPS Foundation to organizations including the NAACP, National Urban League and others.

UPS further pledged 1 million UPS employee volunteer hours of service around the world in support of mentorship and educational programming in underserved black communities.

UPS, which employs nearly 500,000 – said it is also stepping up actions within the company.

Adidas

Adidas promises to hire black and Latino people for 30% of new U.S. jobs.

It also said that it would finance 50 university scholarships for black students each year over five years.

Some black employees said the company dismissed concerns over racism and its public messages condemning racism didn’t align with how employees were treated internally.

Best Buy

Best Buy said starting next Monday it will allow a “limited” number of people inside most of its stories, without the need for an appointment.

Some 9,000 previously furloughed part and full-time workers will return.

In-home services, such as installations and repairs, will also resume with some restrictions.

AMC

AMC Theaters, the world’s largest movie theater owner, announced Tuesday that it is planning to reopen 1,000 theaters around the world next month.

The chain, which closed all of its location March 17 because of the coronavirus pandemic, said in its first quarter earnings report Tuesday that it expects “to be fully open globally in July.”

That includes reopening theaters in the United States and the United Kingdom. AMC didn’t provide specific dates for the reopenings.

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