Markets
Eddie Stobart chief steps down and shares suspended
In a statement last month, the company, which operates temperature-controlled supply chains in the food and drink industry, said a review of its previous statements under new chief financial officer Anoop Kangits found the 2018 adjusted operating profit figure was overstated by £2m. [Full Article...]
DoorDash Still Hasn’t Fixed Its Broken Tip System
This new pay model is slated to begin next month. With this older model, the food delivery app used tips from customers to subsidise minimum payouts the company guaranteed for its dashers - a.k.a. Not all DoorDash delivery workers said they preferred that method of payment, however. When Working Washington's report was released, DoorDash received multiple complaints from customers who believ... [Full Article...]
AT&T workers in Monroe join 20,000 others, go on strike
The union strike officially began at 12:01 a.m. "We're out on strike for unfair labor practices", said Joe Fields. More than 20,000 AT&T employees across the Southeast walked off the job Saturday, according to Communications Workers of America, a union representing numerous company's employees who work in call centers and maintain the company's telecommunications network. [Full Article...]
VMware Cloud: Virtualization giant will spend $5 billion on cloud security companies
Ademi & O'Reilly, LLP Investigates whether Pivotal Software , Inc. has obtained a Fair Price in its sale to VMware, Inc . Dell had taken Pivotal public past year. Following the announcement, Wedbush Securities gave its thoughts on where VMware stands to go from here. "As I have said before, the current cybersecurity industry is simply broken and ineffective with a plethora of fragmented to... [Full Article...]
Ryanair UK strike continues but schedule not impacted
Ryanair only managed a lousy customer service score of 45 per cent overall, with the lowest rating of one star in all three categories. The Which? survey asked around 4,000 members of the public to rate the customer services of brands, including how the companies made them feel, how helpful and knowledgeable their staff were, and how well they handled complaints. [Full Article...]
United Kingdom retail sales plunge in August fastest pace since '08
Just 10% of the firms surveyed said sales volumes in August were higher than the same month past year, while 58% said they were lower. Retailers expected the sharpest deterioration in business conditions since February 2009 over the next three months, according to the CBI's quarterly distributive trades survey. [Full Article...]
HP CEO steps down, taps veteran insider
Weisler will give up the CEO post on November 1, but will remain at HP through January 2020. "We have been aggressively addressing supplies, and we are making progress relative to the strategic and operational initiatives we outlined on prior earnings calls", Weisler said Thursday during HP's quarterly call with analysts. [Full Article...]
Facebook users revive Cambridge Analytica lawsuit
In the July 23 decision, the court ruled that social media users can't pursue claims under the Federal Trade Commission Act, which prohibits unfair or deceptive business practices. The communications show that in the fall of 2015, Facebook employees began raising questions about potential unauthorized mass collection of public Facebook data - an activity known as "scraping" - by various comp... [Full Article...]