Larry Ellison, Chairman of Oracle Corp., speaks at the Oracle OpenWorld 2016 conference in San Francisco, on Sunday, September 18, 2016. David Paul Morris | Bloomberg | Getty Images Oracle’s bid to acquire TikTok’s US company may not be as bizarre as it may sound at first, analysts told CNBC …
Read More »Boeing plans deeper cuts than the 16,000 runway cuts previously planned
The aircraft maker has been hit by hundreds of canceled orders when airlines wrestle with a dong in demand for air travel during the Covid-19 pandemic. Boeing said in April the plan to cut 10% of its global staff of 160,000 employees in response. “The pandemic has been devastating for …
Read More »Kohl’s sees billions in market share go free as retailers go bankrupt
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohls sees an opportunity in the coronavirus pandemic to steal market share from troubled retailers and gain new customers if competitors go bankrupt and liquidate their stores. “We …
Read More »It’s a bizarre time for Trump to open up Alaska’s Arctic refuge to oil resources
Secretary of State David Bernhardt predicted Monday that the administration’s oil and gas rental program in Alaska’s Coastal Plain could “create thousands of jobs” and mark a new chapter in U.S. energy dependence. Yet those dreams could be marred by the reality of the moment. The world just does not …
Read More »Amazon added 2,000 jobs to the Lord & Taylor building in NYC
Amazon said it plans to house more than 2,000 employees at the historic Lord & Taylor building in Manhattan under a nationwide expansion of its corporate offices. The Seattle-based e-tailing giant said Tuesday that it will hire workers to fill the landmark tower on Fifth Avenue in the coming years …
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