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Today in Aviation: United Airlines Files For Chapter 11 Bankruptcy

  • Dec. 11, 2021, 9:42 a.m.
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MIAMI – Today in Aviation, United Airlines (UA) filed for Chapter 11 bankruptcy in 2002. It was to be the largest airline bankruptcy in US history. At the time, the airline operated around 1,800 fligh

via airwaysmag.com

The Better CEO who fired 900 people over a Zoom call is taking time off

  • Dec. 11, 2021, 6:42 a.m.
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The CEO of digital mortgage firm Better.com, who fired 900 employees on a Zoom call last week, is taking time off from the company while it conducts a “leadership and cultural assessment,” according t

via www.theverge.com

Taiwan, the world's biggest chip-maker, just set up a new trade framework with the US amid tensions with China

  • Dec. 11, 2021, 5:42 a.m.
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The US and Taiwan have committed to supporting supply chains for chips. The framework comes amid heightened tensions between China and Taiwan. US defense official Ely Ratner said Taiwan's free-marke

via www.businessinsider.com

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

  • Dec. 11, 2021, 2:42 a.m.
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Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades Enlarge this image toggle caption Cameron Mitchell Restaurants Cameron Mitchell Restaurants If you think your gr

via www.npr.org

Israel rallies its tech industry to help curb climate change

  • Dec. 11, 2021, 12:42 a.m.
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How to shop in the metaverse: The cryptocurrencies you’ll need to buy, and how to get them

via fortune.com

CEO says he is ‘taking time off effective immediately’ after laying off 900 employees

  • Dec. 10, 2021, 8:42 p.m.
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The CEO of digital mortgage company Better.com, whose abrupt message over Zoom last week laying off 900 employees before Christmas went viral, is taking time off from his job, according to a report fr

via www.aol.com

US consumer inflation up 6.8% in past year, most since 1982

  • Dec. 10, 2021, 5:42 p.m.
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Gasoline prices are displayed at a station in Philadelphia, Wednesday, Nov. 17, 2021. Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy,

via apnews.com

Hertz customers claim they were arrested, some jailed and even held at gunpoint after false theft reports

  • Dec. 10, 2021, 1:42 p.m.
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More people have come forward to claim they were accused, arrested or even jailed after Hertz reported cars they had legitimately rented were stolen. Carrie Gibbs was arrested at a California gas sta

via www.cbsnews.com

Starbucks Baristas Declare Victory in Historic Union Election

  • Dec. 10, 2021, 6:42 a.m.
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On the Clock On the Clock is Motherboard's reporting on the organized labor movement, gig work, automation, and the future of work. See More → A group of baristas at the Elmwood Starbucks store in Bu

via www.vice.com

Musk sells Tesla shares worth $963.2 million - filings

  • Dec. 10, 2021, 5:42 a.m.
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Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo Dec 9 (Reuters) - Tesla Inc (TSLA.O) Chief Executive

via www.reuters.com

Saga to introduce paid leave for birth of a grandchild

  • Dec. 10, 2021, 4:42 a.m.
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The birth of a grandchild may be considered a priceless gift in itself, but for some grandparents it now comes with a new perk – an extra week off work. Saga, the travel and insurance company for the

via www.theguardian.com

Starbucks will have at least one unionized cafe in Buffalo, New York — a U.S. first for the chain

  • Dec. 10, 2021, 12:42 a.m.
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In this article SBUX After a monthslong battle, Starbucks workers in Buffalo, New York, supported efforts to unionize at least one cafe. The result marks the first successful attempt in the U.S. at u

via www.cnbc.com

Tyson Foods plans to spend $1.3 billion to automate meat plants

  • Dec. 9, 2021, 10:42 p.m.
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Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Photo CHICAGO, Dec 9 (Reuters) - Tyson Foods Inc (TSN.N) plans t

via www.reuters.com

Evergrande declared in default for the first time as massive restructuring looms

  • Dec. 9, 2021, 7:42 p.m.
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The development marks the beginning of the end for the sprawling real estate empire started 25 years ago by founder Hui Ka Yan, setting off a lengthy battle over who gets paid from what remains. It al

via www.livemint.com

Study: Big company CEOs make $1.3 million more than their employees, on average

  • Dec. 9, 2021, 4:42 p.m.
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If you work at one of America's biggest companies, the gap between what you earn and your CEO's salary could be mind-boggling. According to a recent study from job search website Lensa, the CEOs at 1

via www.cnbc.com

Amazon fined $1.3 billion for abusing market position in Italy

  • Dec. 9, 2021, 6:42 a.m.
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Amazon has been fined $1.3 billion (€1.1 billion) by antitrust regulators in Italy. The company is accused of using its dominance in the online shopping world to steer Italian sellers into using its l

via www.theverge.com

4.2 million Americans quit their jobs in October as workers continued to search for better opportunities

  • Dec. 9, 2021, 4:42 a.m.
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Industries with the highest level of employees leaving are those that have been affected the most by the pressures of the pandemic, including accommodation and food services, with 6 percent of workers

via www.washingtonpost.com

Exclusive: Kombucha Giant GT’s Living Foods Launches THC Beverage

  • Dec. 9, 2021, 12:42 a.m.
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GT’s Living Foods, the massive kombucha brand, is the latest company to enter the booming cannabis industry by launching a THC-infused beverage, Cannabliss, in California. To hear GT Dave, founder an

via cannabisnow.com

Great Resignation shows little letup as Americans quit jobs at near-record pace in October; openings surge near all-time high

  • Dec. 8, 2021, 11:42 p.m.
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Job openings in the U.S. approached record levels in October while the number of people quitting eased off its record pace but remained historically high, the Labor Department said Wednesday. The dev

via www.usatoday.com

UAE to shift to Saturday-Sunday weekend in line with global markets

  • Dec. 8, 2021, 5:42 p.m.
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DUBAI, Dec 7 (Reuters) - The United Arab Emirates will shift to a working week of four and half days with a Saturday-Sunday weekend from the start of next year to better align its economy with global

via www.reuters.com

Wells Fargo Starts Coverage of Four Cannabis Stocks As Legalization Battle Gains

  • Dec. 8, 2021, 1:42 p.m.
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Wall Street is paying closer attention to cannabis stocks as federal lawmakers propose legalization bills and the sector struggles to recover from a months-long market pullback. Wells Fargo analyst C

via www.thestreet.com

Why Dollar Tree's price hike to $1.25 could be 'one of the worst decisions in retail history'

  • Dec. 8, 2021, 8:42 a.m.
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New York (CNN Business) In 1986, three retail veterans opened a chain of stores in the southeast named Only $1.00. They were building upon the concept of a store they had stumbled across called Everyt

via www.cnn.com

Europe's middle class has been strong for 2 decades while America's was squeezed by an 'explosion of debt,' report says

  • Dec. 8, 2021, 7:42 a.m.
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The World Inequality Report found that debt is why the US has more wealth inequality than Europe. The opposite used to be true, but mortgages and student debt put the US middle class in a bind. Both

via www.businessinsider.com

Employers roll out 'stay' interviews as record number of Americans walk off the job

  • Dec. 8, 2021, 4:42 a.m.
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Americans are walking away from their jobs in record numbers as remote work has uncoupled jobs from geography, and droves of employees are re-evaluating the relationships they have with their employer

via www.nbcnews.com

Jack in the Box will Acquire Del Taco In a $575 Million Deal

  • Dec. 8, 2021, 3:42 a.m.
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J ack in the Box is acquiring Del Taco for $575 million, three years after leaving Qdoba Mexican Eats. Jack in the Box, Inc. is a corporation based in the United States. JACK just agreed to purchase

via www.toisthe.com

Kellogg to permanently replace striking employees as workers reject new contract

  • Dec. 7, 2021, 10:42 p.m.
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Union workers from Kellogg's gather with signs while they picket outside the cereal maker's headquarters as they remain on strike in Battle Creek, Michigan, U.S., October 21, 2021. REUTERS/Emily Elcon

via www.reuters.com

Great Resignation: How record numbers quit jobs in Florida

  • Dec. 7, 2021, 5:42 p.m.
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A record 4.4 million people quit U.S.-based jobs in September, breaking the previous record set just a month earlier when 4.3 million quit in what has been dubbed The Great Resignation. The Bureau of

via www.tampabay.com

States escalate microbusiness cannabis licenses as ‘hedge’ against MSOs

  • Dec. 7, 2021, 2:42 p.m.
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More states are offering microbusiness licenses to cannabis entrepreneurs in an effort to diversify a market that some fear could become dominated by large, deep-pocketed multistate operators. But th

via mjbizdaily.com

Vishal Garg: Better.com CEO who fired 900 people on Zoom before Christmas has history of fraud allegations

  • Dec. 7, 2021, 11:42 a.m.
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Nine-hundred employees at the digital mortgage company Better.com have received an unwanted early Christmas gift: unemployment. The termination announcement was made during a now-viral Zoom call by th

via www.independent.co.uk

Trump Hires Devin Nunes as CEO of His Media and Technology Startup

  • Dec. 7, 2021, 9:42 a.m.
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Rep. Devin Nunes (R-Calif.), a stalwart defender of Donald Trump, will step down from his seat in Congress to become CEO of the ex-president’s Trump Media & Technology Group in 2022. Nunes, currently

via variety.com

Millions of workers retired during the pandemic. The economy needs them to "unretire," experts say.

  • Dec. 7, 2021, 7:42 a.m.
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An economist will tell you it's a hot labor market: A record number of people quit their jobs in September, and the U.S. is seeing record job openings as the economy chugs back to life from the corona

via www.cbsnews.com

San Francisco restaurant flooded with one-star reviews after refusing to serve 3 cops because the owners objected to their guns

  • Dec. 7, 2021, 6:42 a.m.
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A San Francisco restaurant was inundated with one-star reviews saying it refused to serve police. The eatery, Hilda and Jesse, said police weapons made staff uncomfortable in a "safe space." After a

via www.businessinsider.com

Luxury brand Chanel roasted online for $1,025 Advent calendar full of stickers, other trinkets

  • Dec. 7, 2021, 5:42 a.m.
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Iconic fashion house Chanel is being dragged online after a social media influencer unboxed the company's Advent calendar and discovered it was full of trinkets that don't appear worth anything close

via www.cbc.ca

Tesla Down 20% From Record High Following Report of SEC Probe

  • Dec. 6, 2021, 6:42 p.m.
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(Bloomberg) -- Tesla Inc.’s shares reversed most of their earlier losses to close with a slight drop, shrugging off a report that regulators opened an investigation into the electric-vehicle company.

via finance.yahoo.com

SEC Launches Investigation Into Donald Trump’s Media and Technology Firm, SPAC Partner

  • Dec. 6, 2021, 5:42 p.m.
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The U.S. Securities and Exchange Commission is seeking, among other details, information on the identity of certain investors in the company that plans to merge with Donald Trump’s recently establishe

via variety.com

'If you're on this call, you are part of the unlucky group': Boss fires 900 employees over Zoom

  • Dec. 6, 2021, 4 p.m.
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A company boss reportedly fired 900 employees at the same time on a Zoom call, a week after receiving around £565 million in investment. Vishal Garg, chief executive of mortgage company Better.com su

via www.itv.com
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