CNN Money's Maribel Aber has the latest business and financial news for Tuesday, July 2.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Tuesday, July 2.
Big River Steel announced Tuesday that it had closed on the financing necessary to build a planned $1.3 billion steel mill in Mississippi County outside Osceola. A formal groundbreaking ceremony will be held later this summer. Big River plans to employ more than 500 workers at an average annual salary of $75,000. "It's truly been a team effort between our investors, local and state leadership, our management team, and many others to get to this point," said John Correnti, Big River CEO. "I know firsthand northeast Arkansas has everything we need to operate a world-class mill. Now it's time to get to work."
Tinder became a popular hookup app because women love to use it. But the culture inside the Los Angeles start-up was not friendly to women, according to explosive charges made in a lawsuit filed by a former senior executive. Whitney Wolfe, the former vice president of marketing, alleges in the suit that she was subjected to a pattern of sexist behavior. IAC, which holds a majority stake in Tinder, said her charges are "unfounded." Those charges are just the latest in a growing wave of lawsuits and criticism about sexism in the mostly male technology industry.
Here's another ratings record the World Cup has shattered: total Internet streaming of sporting events. ESPN's live streams have logged 30 million viewing hours during the 2014 World Cup, enough to make the tournament the most-streamed live sporting event in the United States ever. For comparison's sake, the 2012 Summer Olympics generated 20.4 million viewing hours online, according to NBC. And 13.6 million were live. The Winter Olympics earlier this year generated 10.8 million viewing hours, with about 80% of those live.
Burger King has concocted yet another way to have it your way: a gay pride burger. The Proud Whopper, as it's called, comes wrapped in a rainbow colored wrapper with this inscription: "We are all the same inside." It will be sold through Thursday at one Burger King restaurant on San Francisco's Market Street, that was at the heart of the route for last weekend's 44th annual San Francisco Pride Celebration & Parade. Burger King on Wednesday morning at 8 a.m. EST plans to post a two-minute video about the Proud Whopper on its YouTube channel.