In a letter to workers Friday, MGM Chief Executive Officer, Bill Hornbuckle said the company is required by federal law to send layoff notices to furloughed workers who haven't been recalled after six months - and he says MGM still plans to rehire some of the workers as business demand returns. [Full Article...]
Coca-Cola Co. plans to offer early-departure packages to nearly 40% of its North American workforce to cut costs amid changes in the soft-drink business. Chair and chief executive James Quincey said the business would prioritise "a portfolio of strong brands and a disciplined innovation framework". The global severance programmes are expected to incur expenses of up to $550m (£412m). [Full Article...]
Nearly every single component of the economy used to calculate GDP was at its lowest point during the three-month stretch - driven largely by widespread lockdowns in April meant to slow the spread of COVID-19. "Business investment fell 16.2%, reflecting limited construction activities, plant closures, low oil prices, and heightened uncertainty", StatCan said. [Full Article...]
For instance, Amazon extended its work-from-home policy through January 2021 and Facebook told workers they can work from home until the end of the year. Google was quick to close its offices in the U.S. and other parts of the world earlier this year when the virus struck. With over 300k new cases of coronavirus being reported every day worldwide, work from home initiatives have become ... [Full Article...]
This comes due to continued travel restrictions and limitations with ports. When the lawsuits were filed in June, Princess Cruises told USA Today "our response throughout this process has focused on the well-being of our guests and crew within the parameters dictated to us by the government agencies involved and the evolving medical understanding of this new illness". [Full Article...]
The Toronto-based bank said it had earnings of $1.61 per share. Capital Markets - C$949M vs. C$105M and C$653M. RBC Capital Markets was the best performer of Royal Bank's main operating businesses, and the only one aside from insurance to see profit growth. [Full Article...]
Mayer composed a letter to his staff before departing in which he said that the CEO's role at TikTok was expected to change dramatically. Vanessa Pappas, now general manager of ByteDance's prized global service, will take his place. Mayer's departure is not a great boost for company morale right now, Natkin said. But the company's future has been clouded by the Trump administration's campa... [Full Article...]
Elon Musk suggested that Tesla will be able to produce batteries with a 50 percent more energy density and a longer life cycle in the next three to four years, ahead of the vehicle maker's " Battery Day " on September 22. Several companies are already working on zero-emission planes, though Tesla is yet to commit to building one. The billionaire entrepreneur is greeted by Tony Stark and then t... [Full Article...]
In a letter to workers Friday, MGM Chief Executive Officer, Bill Hornbuckle said the company is required by federal law to send layoff notices to furloughed workers who haven't been recalled after six months - and he says MGM still plans to rehire some of the workers as business demand returns. [Full Article...]
Coca-Cola Co. plans to offer early-departure packages to nearly 40% of its North American workforce to cut costs amid changes in the soft-drink business. Chair and chief executive James Quincey said the business would prioritise "a portfolio of strong brands and a disciplined innovation framework". The global severance programmes are expected to incur expenses of up to $550m (£412m). [Full Article...]
Nearly every single component of the economy used to calculate GDP was at its lowest point during the three-month stretch - driven largely by widespread lockdowns in April meant to slow the spread of COVID-19. "Business investment fell 16.2%, reflecting limited construction activities, plant closures, low oil prices, and heightened uncertainty", StatCan said. [Full Article...]
For instance, Amazon extended its work-from-home policy through January 2021 and Facebook told workers they can work from home until the end of the year. Google was quick to close its offices in the U.S. and other parts of the world earlier this year when the virus struck. With over 300k new cases of coronavirus being reported every day worldwide, work from home initiatives have become ... [Full Article...]
This comes due to continued travel restrictions and limitations with ports. When the lawsuits were filed in June, Princess Cruises told USA Today "our response throughout this process has focused on the well-being of our guests and crew within the parameters dictated to us by the government agencies involved and the evolving medical understanding of this new illness". [Full Article...]
The Toronto-based bank said it had earnings of $1.61 per share. Capital Markets - C$949M vs. C$105M and C$653M. RBC Capital Markets was the best performer of Royal Bank's main operating businesses, and the only one aside from insurance to see profit growth. [Full Article...]
Mayer composed a letter to his staff before departing in which he said that the CEO's role at TikTok was expected to change dramatically. Vanessa Pappas, now general manager of ByteDance's prized global service, will take his place. Mayer's departure is not a great boost for company morale right now, Natkin said. But the company's future has been clouded by the Trump administration's campa... [Full Article...]
Elon Musk suggested that Tesla will be able to produce batteries with a 50 percent more energy density and a longer life cycle in the next three to four years, ahead of the vehicle maker's " Battery Day " on September 22. Several companies are already working on zero-emission planes, though Tesla is yet to commit to building one. The billionaire entrepreneur is greeted by Tony Stark and then t... [Full Article...]