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Tesla denies reports of firing workers who chose to stay at home to avoid coronavirus risk in Elon Musk's factory

On Thursday, Tesla denied media reports that it fired employees who chose to stay at home during the coronavirus pandemic, rather than expose themselves to possible infection at Elon Musk's California factory. In a blog post today, “The Tesla Team” says it waived the company attendance policy for several weeks after obtaining approval to reopen factories, and offered employees "a window of time to stay home no questions asked". Read the Tesla post: Health and Safety at Tesla The Tesla Team Ju...
Tags: Post, Business, Elon Musk, Technology, News, Labor, California, Washington Post, Tesla, Public Health, Reuters, Worker Safety, Fremont California, Coronavirus, COVID-19


Leaked emails show Amazon is delaying Prime Day again to October as concerns grow that a new COVID-19 demand spike may hit supply chains (AMZN)

Amazon is postponing its annual Prime Day shopping event to October, the third delay this year. In one email sent to third-party sellers, Amazon gave a "placeholder" date in the week of October 5, and in another email said this date change would be the "final" update. The change shows the uncertainty Amazon is facing amid COVID-19 across its operations network. Amazon is seeing another round of demand increases as COVID-19 cases are on the rise across the US, spurring concerns of a second wave...
Tags: Amazon, US, Trends, Goldman, Wall Street Journal, Reuters, AMZN, Business Insider Amazon, Jonathan Goldman, COVID, Quantum Networks


American Airlines warns it's overstaffed by about 8,000 flight attendants

The company will reduce its international and transcontinental crew to the minimum required by the Federal Aviation Administration, plus one flight attendant.
Tags: Finance, Article, Federal Aviation Administration, American Airlines, Reuters, FBN, Fbn/markets, Fox-business/jobs, Fox-business/lifestyle/travel, Fox-business/lifestyle/airplanes, Fox-business/organization/american-airlines, Fox-business/topic/coronavirus, 46088d49-8bd2-5c43-a4a7-b8b624370ae7


PG&E emerges from Chapter 11 bankruptcy

This marks the end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California
Tags: Finance, Article, Reuters, FBN, Fbn/markets, Fox-business/jobs/bankruptcy, Fox-business/organization/pge, C136447c-b106-5a25-bb07-aae00e07b4e1


Mark Zuckerberg reportedly said Facebook is 'not gonna change' in response to a boycott by more than 500 advertisers over the company's hate speech policies (FB)

Mark Zuckerberg told employees that Facebook is "not gonna change" in response to the growing advertiser boycott over its hate speech policies, reported Wednesday. Zuckerberg called the boycott a "reputational" issue, saying it threatened only a "small percent" of Facebook's revenue and predicting advertisers would return to the platform "soon enough," according to The Information. More than 500 companies have joined the boycott in the last week, including major brands like Coca-Cola, Ford, ...
Tags: Verizon, Facebook, Mark Zuckerberg, Trends, Unilever, Donald Trump, Zuckerberg, Trump, Reuters, ADL, Color of Change, Todd Gutnick, NAACP Color of Change, Coca Cola Ford Starbucks, NAACP Anti Defamation League, Coca Cola Ford Starbucks Verizon Adidas


SoftBank-backed Lemonade raises $319 million in IPO

Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp said it raised $329 million in its U.S. initial public offering.
Tags: Finance, Softbank, Article, Reuters, SoftBank Group Corp, FBN, Fbn/markets, Fox-business/investing-and-transactions, Fox-business/markets/ipos, Lemonade Inc, 1b5d4fa6-4a62-5930-ac37-e7b410c0a176


The biggest companies no longer advertising on Facebook due to the platform's lack of hate-speech moderation

Civil rights organizations including NAACP, Color of Change, Anti-Defamation League, and Sleeping Giants asked advertisers to stop paying for advertisements on Facebook in the wake of George Floyd's death at the hands of Minneapolis police officers. Since Floyd's death, Facebook has allowed posts in which Trump called protesters "thugs" and suggested violence when he wrote, "when the looting starts, the shooting starts." Facebook CEO Mark Zuckerberg decided not to take action in removing the c...
Tags: Firefox, Verizon, Facebook, Mark Zuckerberg, Europe, John Lewis, Instagram, Minneapolis, Nbc News, US, America, Trends, Diageo, Unilever, Adidas, Cnn


Citigroup pulls back on office return plans as coronavirus cases rise

Citigroup Inc said on Wednesday it was delaying plans for  U.S. employees returning to offices as COVID-19 cases rise in several states.
Tags: Finance, Article, Citigroup, Reuters, Citigroup Inc, FBN, Fbn/markets, Fox-business/markets/wall-street, fox-business/industries/Financials, Fox-business/topic/banking, COVID, 60099208-f314-505f-b830-27b1ad286dee




BioNTech and Pfizer's coronavirus vaccine shows potential in human trial

A COVID-19 vaccine developed by German biotech firm BioNTech and U.S. pharmaceutical giant Pfizer has shown potential and was found to be well tolerated in early-stage human trials, the companies said on Wednesday.
Tags: Finance, Article, Pfizer, Reuters, FBN, Fbn/markets, Fox-business/health-care, Fox-business/technology/health-care-tech, Fox-business/topic/coronavirus, 55a1129a-7f1d-59dc-b6b8-ed121b3a8291, BioNTech and U S


China orders some American media outlets to give details on staff after US move

China has asked four U.S. media organizations to submit details about their operations in the country in what it described as retaliation for U.S. measures against Chinese media outlets.
Tags: Finance, China, US, Article, Reuters, FBN, Fbn/markets, Fox-business/markets/china, Fox-business/industries/media-and-advertising, Fox-business/news, A2d462c2-1a18-571d-8210-5b91d9dfe201


China orders some American media outlets to give details on staff, after U.S. move

China has asked four U.S. media organizations to submit details about their operations in the country in what it described as retaliation for U.S. measures against Chinese media outlets.
Tags: Finance, China, Article, Reuters, FBN, Fbn/markets, Fox-business/markets/china, Fox-business/industries/media-and-advertising, Fox-business/news, A2d462c2-1a18-571d-8210-5b91d9dfe201


Boeing kept FAA in the dark on key 737 MAX design changes -US IG report

The report points out mistakes made by both the planemaker and FAA in the development and certification of Boeing's top-selling aircraft
Tags: Finance, US, Article, Faa, Boeing, Reuters, FBN, Fbn/markets, Fox-business/markets/stocks, Fox-business/politics/government-and-institutions, Fox-business/organization/boeing, Fox-business/lifestyle/airplanes, D0c7ebdc-9dc9-5c7b-9f7b-4c3769a1f483


Google postpones US office reopening to September as virus cases spike

All of Google's U.S. offices will now remain closed at least until Sept. 7
Tags: Google, Finance, US, Article, Reuters, FBN, Fbn/markets, Fox-business/organization/google, Fox-business/topic/coronavirus, 8455db7b-f8f1-57a6-8c1c-66bd55c7bf65


Sony's move to sell its AI-embedded cameras under a SaaS model will help it capture more value

In a bid to capture more value within its Imaging & Sensing Solutions division, Sony intends to sell its proprietary AI-embedded cameras under a software-as-a-service (SaaS) model, according to Reuters. The cameras — unveiled in May 2020 as the first ones ever developed to feature on-board AI — are capable of handling light machine learning tasks in real time such as identifying and categorizing objects. Hideki Somemiya, the senior general manager of Sony's Systems Solutions Business Unit, told...
Tags: Microsoft, Trends, Sony, Mckinsey, Reuters, Imaging Sensing Solutions, Hideki Somemiya, Sony s Systems Solutions Business Unit


New Programs from Visa, LinkedIn, Square & Facebook Help Small Businesses Get Through COVID-19 Crisis

Coronavirus Business Update   Programs Small Business for America’s Future: A New Coalition of SBOs & Leaders Launches During the biggest small business crisis of our lifetime, a new survey of more than 1,200 small business owners shows they overwhelmingly feel our government leaders don’t understand small business needs and favor big business over small business, and 54% disapprove of the Trump Administration’s handling of the COVID-19 crisis. Because of this, Small Business for America’s...
Tags: Facebook, Business, New York Post, Congress, France, Cbs News, Politico, America, Linkedin, CMO, Bloomberg, Asia Pacific, New York Times, Alibaba, Zenefits, Square


SoftBank-backed companies laid off more than 16,800 people in 2020 as the pandemic ravages startups

SoftBank-backed companies are laying off thousands of employees globally as they struggle to find paths to profitability. In the first full week of 2020, four companies – Oyo, Rappi, Getaround, and Zume – laid off a combined 2,600 employees.  In the last year, other SoftBank-backed companies including WeWork, Uber, Wag, and Fair have also cut their ranks dramatically.  SoftBank also saw significant executive turnover in the beginning of the year. If you work at a SoftBank-backed company, Busin...
Tags: Asia, Hong Kong, Japan, UK, New York, London, Australia, La, China, Ipo, India, Softbank, Israel, US, America, Los Angeles


Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion

Uber is holding acquisition talks with food delivery startup Postmates, the New York Times reports. Earlier this year Uber was reported to be holding acquisition talks with Grubhub, but these reportedly fell through and in mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and could also expose Uber to less risk of antitrust scrutiny. Visit Business Insider's homepage for more stories. Uber is changing tack after acquisition talks with Grubhub fell thr...
Tags: Uber, Ipo, US, Trends, New York Times, SEC, Times, Postmates, Doordash, Reuters, GrubHub, Grubhub GrubHub, CNBC Uber, Second Measure Postmates, June Grubhub, Times Postmates


China's June factory activity quickens, but exporters struggle amid pandemic

The 50-point mark separates expansion from contraction on a monthly basis
Tags: Finance, China, Article, Reuters, FBN, Fbn/markets, Fox-business/markets/china, Fox-business/economic-indicators, B1778949-0c17-55e9-87b3-0fdb13802d60


New York Times Ends Partnership With Apple News

The New York Times announced Monday it is stopping its partnership with Apple News, effective immediately.“The Times is one of the first media organizations to pull out of Apple News. The Times, which has made adding new subscribers a key business goal, said Apple had given it little in the way of direct relationships with readers and little control over the business. It said it hoped to instead drive readers directly to its own website and mobile app so that it could “fund quality journalism,” ...
Tags: Apple, Business, News, New York Times, The Times, Times, Mark Thompson, Apple News, Thompson, Reuters, Meredith Kopit Levien, Apple News The Times, New York Times Gains Record New Subscriptions, Q1The Times


Boeing 737 MAX takes off on first certification test flight

A Boeing Co 737 MAX took off on Monday just before 1 p.m. EDT from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration test pilots.
Tags: Finance, Article, Seattle, Boeing, Reuters, Boeing Co, FBN, U S Federal Aviation Administration, Fbn/markets, Fox-business/organization/boeing, Fox-business/lifestyle/travel, Fox-business/lifestyle/airplanes, 6d25edb9-b98c-5624-a652-0203a5197f1b




Airbus sees output down 40% for two years as job cuts loom

The sources have predicted phased cuts of between 14,000 and 20,000 jobs based on the production targets
Tags: Finance, Article, Airbus, Reuters, FBN, Fbn/markets, Fox-business/organization/boeing, Fox-business/lifestyle/airplanes, Fox-business/topic/coronavirus, 1e694186-0a9c-5037-9a55-abd92925ef2f


Boeing 737 MAX certification flight tests to begin Monday: sources

Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing Co are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters.
Tags: Finance, Article, Boeing, Reuters, Boeing Co, FBN, U S Federal Aviation Administration, Fbn/markets, Fox-business/organization/boeing, Fox-business/lifestyle/travel, Fox-business/lifestyle/airplanes, 275f737a-3333-5e61-97ee-1e914786e303


Ryanair bypasses union, threatens base closures in Irish pilot talks

Ryanair has threatened to close two regional bases and axe up to 120 pilot jobs unless pilots in its home Irish market bypass their union and directly accept a pay cut, a memo seen by Reuters said. It has said it plans 3,000 job cuts and a reduction in staff unit costs, but faces union resistance in a number of markets. In the memo sent on Friday, Ryanair director of operations Neal McMahon told pilots the union council representing Irish pilots had walked away from talks on Wednesday, someth...
Tags: Business, News, Ryanair, Reuters, Forsa, Neal McMahon


Nike warns of job cuts during shift to digital 'swoosh'

Nike warned of job cuts Friday after the sportswear retailer reported a $790 million quarterly net loss.
Tags: Finance, Nike, Article, Reuters, FBN, Fbn/markets, Fox-business/jobs, Fox-business/tech/digital, Fox-business/organization/nike, Fox-business/topic/coronavirus, 6393b4fe-5682-5185-abe2-8d14f1612d7a




The Philippines is investigating Wirecard and its missing $2 billion, and a local lawyer says he's being framed, say reports

The Philippines is investigating local businesses that partnered the collapsed German payments company Wirecard, the Financial Times reported. Wirecard went into administration and its former CEO Markus Braun was arrested after the firm claimed that more than $2 billion had disappeared from its balance sheet. Its auditor EY said the firm committed elaborate fraud. Wirecard had claimed the money was stored in two Philippine banks, which they both denied. Now the authorities will probe around fi...
Tags: Germany, Singapore, Trends, Philippines, Brussels, Ey, Financial Times, Reuters, Philippine, Tolentino, Wirecard, Markus Braun, Wirecard The Financial Times, Singapore Germany, ConePay International, Mark Tolentino





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