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September 01, 2020 1:37pm
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Panera Bread recalls cream cheese products

The markets continued to retreat during the midday with the Dow tumbling 115 points to 26,501. Nasdaq lost 25 points to 7480.


Panera Bread has recalled all cream cheese products nationwide with an expiration date on or before April 2, 2018 due to a possible contamination of listeria. Samples from one variety of cream cheese that were produced on one day tested positive for listeria. No illnesses have been reported.


Facebook will unveil a new privacy center that will centralize all privacy settings in one place so that users can more easily control access to their personal data. The move is in response to the European Union's upcoming General Data Protection Regulations that are designed to protect the privacy of all citizens in the 28 countries of the EU. Violations of the new regulations that take effect on May 25, 2018 will trigger fines of up to 4% of a company's global revenue or 20 million euros, whichever amount is greater.


More indictments are expected in a bribery scandal involving Fiat Chrysler executives and United Automobile Workers officials. Federal prosecutors have accused the automaker's executives of bribing union leadership to negotiate contract terms that favored Fiat Chrysler. The scheme involved millions of dollars worth of gifts of jewelry, custom watches, cigars, trips, and wine.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 11 points to 2,861. Bitcoin collapsed $587 to $11,125.


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