Business


SpaceX to lay off 10 percent of employees SpaceX to lay off 10 percent of employees
- January 18, 2019

The vast majority of Space Exploration Technologies Corp.'s more than 6,000 employees are employed at its headquarters and rocket factory in Hawthorne, California, and hundreds of others are based in Seattle, Florida, Washington, D.C. He has not commented on the layoffs, preferring instead to focus on upcoming space launches. SpaceX made 21 launches a year ago, up from 18 in 2017, and expects to further accelerate the pace, as it by now has launched ten more Iridium satellites, taking ... (more...)
White House delegation cancels Davos trip
- January 18, 2019

The cancellation announcement comes just days after the White House announced the members of the delegation it meant to send to Davos, led by Treasury Secretary Steven Mnuchin . On Thursday he announced that he was also canceling the trip for the rest of the US delegation to the event. We will reschedule this seven-day excursion when the Shutdown is over. (more...)
Worldwide discord hindering ability to tackle global risks: WEF Worldwide discord hindering ability to tackle global risks: WEF
- January 18, 2019

Regardless of what the view is on causes of climate change or how we can collectively bend the will of different players to conform to things like the Paris Accord, we need to prepare ourselves as countries, as companies, and as individuals, to deal with the outcomes. (more...)
Pipestone Shopko not listed for closure Pipestone Shopko not listed for closure
- January 18, 2019

It also said Shopko has obtained $480 million dollars in financing, to help fund and protect its operations during the Chapter 11 process. The stores in Duluth, Two Harbors, Moose Lake, Ely, Aitkin and Spooner were not listed on a "Shopko Closing Locations" page posted to the company's website . (more...)
Leslie Moonves to Pursue Arbitration for His $120 Million Severance From CBS Leslie Moonves to Pursue Arbitration for His $120 Million Severance From CBS
- January 18, 2019

Moonves notified CBS that he is demanding binding arbitration, according to a company filing Thursday. Before the Me Too movement inspired women to share their experiences with sexual abuse, Moonves was one of the most powerful men in media, leading CBS for 15 years. (more...)
Florida employee awarded $21M after being forced to work on Sundays Florida employee awarded $21M after being forced to work on Sundays
- January 18, 2019

The hotel dishwasher who worked with Conrad Miami Hotel for more than a decade until she was sacked in March 2016, was a devout Christian missionary born in Haiti. NBC 6 reports the Conrad Miami hotel dishwasher was sacked in March 2016 after not showing up for six Sunday shifts in a row. She was awarded damages by the jury on Tuesday. (more...)
Furloughed Federal Workers File For Unemployment Furloughed Federal Workers File For Unemployment
- January 18, 2019

The most obvious outcome for the economy is that roughly 800,000 federal workers are not being paid. "And we're just very grateful to the employees of the FDA and the Indian Health Service for continuing to work in the very important public health mission that we've got here". (more...)
Tesla Model 3 Submitted for Pwn2Own hacking contest Tesla Model 3 Submitted for Pwn2Own hacking contest
- January 18, 2019

Tesla has made a decision to work with the event organizers to include Model 3 as the main target to be hacked in the automotive category. In the Tesla Model 3 category, there are a number of target systems, including WiFi and Bluetooth systems, infotainment, autopilot, key fob and phone-as-a-key systems, modem or tuner , and others. (more...)
Oxford University suspends donations from Huawei amid spying storm Oxford University suspends donations from Huawei amid spying storm
- January 18, 2019

The Chinese Ministry of Foreign Affairs yesterday said that the proposed legislation was due to "hysteria", and urged United States lawmakers to stop the bills. US President Donald Trump has also reportedly been considering a ban on Huawei . - Establishing the enforcement of the U.S. export ban: Chinese telecommunications companies that violate USA export control laws or sanctions are prohibited from exporting US-made components. (more...)
NJ governor, lawmakers make deal on $15 minimum wage NJ governor, lawmakers make deal on $15 minimum wage
- January 18, 2019

Bernie Sanders (I-Vt.) The bicameral Raise the Wage Act would increase the federal minimum wage from $7.25 per hour, where it's stood since 2009, to $15 by 2024. There are about 4.6 million hourly workers aged 16-19 in the workforce and only 172,000 actually make the federal minimum wage so that's just under four percent. (more...)
'Fly commercial': President Trump cancels Pelosi's foreign trip 'Fly commercial': President Trump cancels Pelosi's foreign trip
- January 18, 2019

President Donald Trump on Thursday cancelled the United States delegation's trip to the annual worldwide conference at Davos, saying the officials were needed in Washington to tackle the shutdown of the federal government. "My warmest regards and apologies to the @WEF!", the president tweeted . Trump's restriction of Pelosi's planned trip to Brussels, Egypt and Afghanistan came a day after the newly-reinstated House Speaker suggested the president skip his planned State of the Union ... (more...)
Donald Trump orders 50000 back to work with no pay Donald Trump orders 50000 back to work with no pay
- January 18, 2019

The measure follows last week's introduction of a bill that would protect furloughed federal workers from landlords and creditors filing legal action against them for failing to pay their bills during the shutdown, reported the Huffington Post. (more...)
Man Miraculously Survives Stupefying Leap From Cruise Ship Man Miraculously Survives Stupefying Leap From Cruise Ship
- January 18, 2019

An Instagram story from one of Nayev's friends, Konstantin Kryachun, shows Naydev treading water after the fall. "This was stupid and reckless behavior", said Owen Torres, manager for Royal Caribbean corporate communications. Royal Caribbean tells PEOPLE they will be "exploring legal action" against Naydev and his friends. Mr Naydev didn't respond to requests for comment but responding to the post he wrote his feet "were actually fine" after the dive. (more...)
Brexit worries to keep Theresa May away from Davos Brexit worries to keep Theresa May away from Davos
- January 18, 2019

During First Minister's Questions at Holyrood, Ms Sturgeon also said her plans to set out her view on the timing of another independence referendum in a "matter of weeks" would not change even if Article 50 was extended. He admitted he had "not anticipated the scale" of Tuesday 230-vote defeat for Mrs May. The PM has set out over the course of many months now what she believes the British people voted for, and what she believes is necessary to honour the referendum. (more...)
Goldman Sachs, Bank of America earnings beat expectations, shares jump Goldman Sachs, Bank of America earnings beat expectations, shares jump
- January 18, 2019

Meanwhile, it generated revenue of 8.08 billion US dollars for the fourth quarter, exceeding forecasts. "We are pleased with our performance for the year, achieving strong top and bottom line results despite a challenging backdrop for our market-making businesses in the second half", CEO David Solomon said in a statement . (more...)
German union widens airport security strike German union widens airport security strike
- January 17, 2019

A minimum of 220,000 travelers could be affected, estimates of the airport Association ADV. Fraport "strongly advises" that all Frankfurt originating passengers avoid going to the airport, and said passengers should contact their airline or travel operator for information. (more...)
China China "Expanding Access" To Strategic Ports In Pak, Sri Lanka: Pentagon
- January 17, 2019

Beijing has said it will not hesitate to use force if Taipei formally declares independence, or in the case of external intervention - including by the United States, the island's most powerful unofficial ally. The U.S. Defense Intelligence Agency (DIA) has published a new report warning that China's rapidly modernizing military poses a potent threat to security in Asia. (more...)
US in criminal probe of China's Huawei US in criminal probe of China's Huawei
- January 17, 2019

Jinhua, which has denied any wrongdoing, was put on a list of entities that can not buy goods from USA firms. Furthermore, according to Representative Mike Gallagher (R-WI), Chinese telecommunications companies represent an increasing threat to the USA national security, as well as an "intelligence-gathering arm of the Chinese Communist Party" as stated by Senator Tom Cotton (R-AR). (more...)
Theresa May Wins Vote Of Confidence In The House Of Commons Theresa May Wins Vote Of Confidence In The House Of Commons
- January 17, 2019

German foreign minister Heiko Maas said Brexit talks would continue if Mrs May's deal was rejected by MPs, but there was unlikely to be "substantial" change to the agreement. But there remains deep division among Mrs May's own MPs - including within her cabinet - about possible compromises, such as the option of staying in a customs union. (more...)
China's record high foreign trade volume highlights economic resilience — China Focus China's record high foreign trade volume highlights economic resilience — China Focus
- January 17, 2019

China's foreign trade rose 9.7 percent year-on-year to a historic high of 30.51 trillion yuan (about 4.5 trillion USA dollars) in 2018. The country's commerce minister told state media on Friday that China will work to straighten out trade frictions with the U.S. (more...)
Theresa May has lost the Brexit vote. So what happens now? Theresa May has lost the Brexit vote. So what happens now?
- January 16, 2019

Lawmakers were due to vote on her deal in December but the process was thrown into disarray after May pulled the plug, admitting she would lose the vote "by a significant margin". The odds look stacked against May winning parliamentary approval for her deal, which has come under fire from all sides, including eurosceptics, supporters of the European Union and the Northern Irish party propping up her minority Conservative government. (more...)
Cathay Pacific did it again! Is it a Mistake or Tactic? Cathay Pacific did it again! Is it a Mistake or Tactic?
- January 16, 2019

As it was in the first incident , the carrier said it would honor the tickets again as it investigates the cause of the error. The South China Morning Post initially reported the second blunder for the airline in two weeks, which saw first-class tickets from Portugal to Hong Kong sold for just over $2,000 instead of their regular $22,000. (more...)
Walmart bans woman who rode cart while drinking wine from Pringles can Walmart bans woman who rode cart while drinking wine from Pringles can
- January 16, 2019

The police arrived at the 2700 Central E Fwy location just after after 9am to check on the suspicious person call. Another shopper said the woman had wrapped her wine-filled Pringles can in a brown paper bag. Officer Jeff Hughes, a WFPD spokesperson, said police were told by dispatchers that they were looking for a woman wearing a blue jacket and black trousers. (more...)
Hyundai Genesis G70 named car of the year at NAIAS Hyundai Genesis G70 named car of the year at NAIAS
- January 16, 2019

The only foreign labels to grab the vehicle of the Year title more than three times are Hyundai Motor and Honda. "We want to thank every automaker for taking the time and effort to work with us throughout the year as our jurors rigorously tested, evaluated and debated the best new vehicles on the market", said Fix. (more...)
Proposed closure of Boston’s Marks & Spencer announced Proposed closure of Boston’s Marks & Spencer announced
- January 16, 2019

The latest proposals are part of the M&S's store estate programme, which it first announced in November 2016. This has included closing 30 stores, three of which were relocations. That new store would have offered the full gambit of M&S product ranges - clothing, home and food - but M&S then ditched those plans during turbulent times in a rich trading history in favour of just a foodhall and click-and-collect internet purchasing. (more...)

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