Markets
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...]
Google Tells Workers to Avoid Arguing Politics in House — BOUT TIME
In one such controversy, one former Google employee alleged that he was sacked for his conservative viewpoints and accused the company of plotting to help President Trump's Democratic opponent in the upcoming 2020 elections. "The guidelines are official policy and apply when employees are communicating in the workplace". However, the rules potentially drive a wedge between workers who have cheri... [Full Article...]
Johnson and Tusk trade barbs over Brexit at G7
The Cable enjoyed a relief rally and tested the 1.23 handle on Friday after the US dollar was thrown under the bus broadly by the US President Trump's Twitter barrage following China's unexpected retaliatory tariffs on the US imports. Leaders from around the world are meeting in Biarritz to discuss a variety of issues. "Trade wars will lead to recession, while trade deals will boost the economy"... [Full Article...]