67º

LIVE

RIGHTS

Amazon-backed Deliveroo cuts IPO target range after investor backlash

LONDON – Food delivery start-up Deliveroo has changed the target value for its initial public offering on the London Stock Exchange, after some some investors expressed concerns over workers' rights and the company's share ownership structure. As a result, Deliveroo's market cap will be between £7.6 billion and £7.8 billion, instead of between £7.6 billion and £8.8 billion. Deliveroo said it's reacting to market conditions, which have taken a turn for the worse in the last week. Several large investors said they plan to shun the Deliveroo IPO on April 7 over workers' rights and the company's share ownership structure, which gives CEO Will Shu over 50% of the voting rights. Aberdeen Standard and Aviva Investors, which manage over £800 billion between them, said they're concerned about Deliveroo workers' rights, while M&G Investments said it is also planning to skip on the IPO.

cnbc.com

12 Days of Christmas Giveaways - Day 8

Day 8 for KSAT’s 12 Days of Christmas runs on Monday, Dec. 14, 2020. The prize for Day 8 from Ideal Feet includes one set of orthotics with a lifetime warranty. Day 5 prize: (1) 2021 season pass at Six Flags Fiesta Texas and (1) souvenir cup that include free refills during the entire 2021 season. Day 3 prize: A one-night stay to Kalahari Resort for four and (2) All Day Waterpark & Tom Foolerys Adventure Park Same-Day Combo Admission at Kalahari Resort in Round Rock. Day 2 prize: (1) $165 gift card to Albi’s Vite Italian Kitchen.

Law professor explains freedom of speech guidelines for peace officers

BCSO deputy on administrative leave after making troubling Facebook post about riots, Salazar saysReamey said the boundaries were crossed when the deputy made the inflammatory post. You know that as a peace officer, you're always going to be identified in that role, Reamey said. A peace officer would not be justified in using deadly force to stop somebody, for example, from looting or from committing a theft or from participating in a riot, Reamey said. On the other hand, peace officers must also exercise restraint when civilians provoke them verbally, no matter how offensive the statement, Reamey said. Verbal provocation is never a justification for the use of either deadly force or non-deadly force, he said.