• RT @khadeeja_safdar: I spoke to over a dozen Black employees and execs in Corporate America. Many said they now regret taking payouts that…
    WSJ Business News Tue 20 Oct 2020 16:45
  • RT @david_marcelis: With 73.1 million TV viewers, last night’s Biden-Trump debate was the third most-watched first presidential debate sinc…
    WSJ Business News Thu 01 Oct 2020 01:16
  • RT @marcelolprince: "Zoom fatigue is real."  Employers want people to take a break from video calls, but some just can't stop. https://t.…
    WSJ Business News Mon 28 Sep 2020 20:54
  • RT @DrewFitzGerald: The Pentagon is exploring its own 5G network to serve its goals of "training, readiness, and lethality." It's asking th…
    WSJ Business News Mon 21 Sep 2020 18:17
  • Recommendations include tighter controls to keep infected people from boarding ships, reducing transmission through air management and enhanced sanitation practices, and detailed plans for addressing positive infections on board Link
    WSJ Business News Mon 21 Sep 2020 12:37

    Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd. have submitted more than 70 recommendations to federal regulators as to how they plan to protect people on their ships amid the Covid-19 pandemic should they get the go-ahead to resume operations in the U.S.

    Recommendations from a panel assembled by the companies include tighter controls to keep infected people from boarding ships, reducing transmission through air management and enhanced sanitation practices, and detailed plans for addressing positive infections...

  • Apps, algorithms and avoiding hurt feelings: How companies are deciding which workers should return to offices first Link
    WSJ Business News Sun 20 Sep 2020 15:16

    Companies reopening their workplaces are wrestling with a thorny problem: who should come back soonest.

    International Business Machines Corp. prioritized scientists working in quantum computer labs when it reopened a New York research hub earlier this summer, figuring they had the hardest time doing their jobs from home. Payroll processor Automatic Data Processing Inc. has relied upon a dashboard that offers a regularly updated view of who’s willing to come in and who’d prefer to stay home.

  • General Motors, once the world's largest car company, has pivoted to an unlikely strategy: getting smaller Link
    WSJ Business News Sun 20 Sep 2020 13:06

    Nearly a decade ago, Toyota Motor Corp. dethroned General Motors Co. as the world’s largest car company, leaving some GM executives wringing their hands.

    Mary Barra wasn’t among them. When she took the CEO job in early 2014, she inherited a company that for decades was so large and unwieldy executives sometimes didn’t know whether parts of the business were making or losing money.


  • RT @khadeeja_safdar: NEW: A group of Black employees at the U.S. Mint wrote a letter in June asking Treasury Secretary Steven Mnuchin to in…
    WSJ Business News Fri 18 Sep 2020 15:24
  • Clickbait giants Taboola and Outbrain agreed to combine nearly a year ago. Then last week, they announced the deal was off. @patiencehaggin looks into what happened: Link
    WSJ Business News Mon 14 Sep 2020 17:09

    The sharp advertising downturn caused by the coronavirus pandemic brought the internet’s two largest content-recommendation companies back to the negotiating table nearly a year after they had agreed to combine.

    In the end, Taboola Ltd. and Outbrain Inc. couldn’t agree on revised terms, calling off a cash-and-stock deal that had already been blessed by the Justice Department.

    Taboola and Outbrain said their advertising rates plummeted in the early months of the pandemic. That prompted them to seek to renegotiate payments with publishers who carry their content feeds—the “promoted stories” or “around the web” sections that appear at the bottom of news stories on various websites. All the while, both companies kept pitching other publishers aggressively in an effort to win new clients.

    “The agreement had an expiration date after 12 months, giving each party the opportunity to walk away,” Taboola Chief Executive Adam Singolda said in an interview Sunday....

  • RT @marcelolprince: Shopify’s market value has surged to $117 billion during the coronavirus pandemic -- bigger than eBay and Target combi…
    WSJ Business News Tue 08 Sep 2020 12:58
  • RT @david_marcelis: Surprising factoid from @Lilliannnn’s excellent story on NBA an NHL’s TV ratings in the bubble: The six most-watched TV…
    WSJ Business News Fri 04 Sep 2020 23:35
  • Facebook said its new election policies are meant to curb misinformation and prevent civil unrest Link
    WSJ Business News Thu 03 Sep 2020 18:44

    Facebook Inc. will prohibit new political advertisements in the week before the U.S. presidential election in November and seek to flag any candidates’ premature claims of victory, Chief Executive Mark Zuckerberg said Thursday.

    The steps are meant to head off last-minute misinformation campaigns and limit the potential for civil unrest, Mr. Zuckerberg said.

    “This election is not going to be business as usual,” he said, noting both the difficulties of voting during a pandemic and likely attacks on the credibility of the results.

    “I’m worried that with our nation so divided and election results potentially taking days or even weeks to be finalized, there could be an increased risk of civil unrest across the country,” he said in the statement, adding that “our democracy is strong enough to withstand this challenge and deliver a free and fair election.”

    The U.S. intelligence community has warned of attempts at foreign interference and President...

  • Samsung Biologics, the business empire's biopharmaceuticals arm, is building its fourth drug manufacturing plant—and it's bigger than the Louvre. Link
    WSJ Business News Thu 03 Sep 2020 18:09

    SONGDO, South Korea—Samsung’s drug-manufacturing arm is betting that the already-booming market for biologic drug ingredients will only get hotter, thanks to industry shifts sparked by the coronavirus pandemic.

    Key to that bet is a nearly $2 billion drugmaking plant that, when completed in 2022, will be the largest of its kind in the world. Dubbed the “Super Plant,” Samsung Biologics Co.’s fourth factory will have around 230,000 square meters of floor space, making it bigger than the company’s three existing plants combined...

  • Have you seen a lot of political commercials while streaming TV? Get used to it. The Trump and Biden campaigns are spending millions on digital-video ads, which allows them to better target voters Link
    WSJ Business News Thu 03 Sep 2020 16:44

    Political campaigns looking to reach voters during an election year disrupted by the coronavirus are increasingly turning to digital-video ads, which are cheaper than traditional TV spots and more efficient at targeting specific voter groups.

    The campaign of Democratic presidential nominee Joe Biden said it rolled out a new ad last week on Walt Disney Co.-controlled Hulu and other digital platforms including ViacomCBS Inc.’s Pluto TV that aired in swing states including Arizona and Wisconsin.

    “In the midst of this pandemic we’ve seen unprecedented levels of media consumption,” said Patrick Bonsignore, the Biden campaign’s director of paid media. “That’s why we are focused on meeting voters where they are now—across devices and in their homes on connected TV and digital streaming channels.”

    Both the Biden and Trump campaigns say they have spent millions on digital TV ads. The Trump campaign said it began reserving such ads and secured volume discounts...

  • Macy’s said results for the quarter ended Aug. 1 were stronger than anticipated Link
    WSJ Business News Wed 02 Sep 2020 19:13

    Macy’s reported a loss of $431 million for the latest quarter, even as sales continued to recover from temporary store closures spurred by the coronavirus pandemic.

    The retailer reported $3.6 billion in sales, up from $3 billion in the previous quarter, but nearly $2 billion less than the company recorded in the second quarter of 2019.


  • During the Covid-19 era, online M.B.A.s are gaining traction as some schools wonder if their full-time, on-site business programs will survive Link
    WSJ Business News Wed 02 Sep 2020 18:33

    Online M.B.A.s are gaining traction during the coronavirus era as more U.S. business schools seek new students and some wonder if their traditional full-time and on-site M.B.A. programs will survive.

    Many universities said this year that they would roll out online M.B.A. degree programs, including the business schools of Howard University, Wake Forest University and John Carroll University. They join the ranks of some big state schools, including the University of Illinois’s Gies College of Business and Indiana University’s...

  • Aramco, the world’s biggest oil producer, is pausing commitments to invest in natural gas and petrochemicals Link
    WSJ Business News Wed 02 Sep 2020 17:48

    DUBAI—Saudi Arabia’s state oil giant is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden it assumed as part of its recent initial public offering, according to people familiar with the matter.

    Saudi Aramco is now slowing down and reviewing a $6.6 billion plan to add petrochemical output at its Motiva refinery in Texas, these people said. It is also reviewing a big natural-gas project with Sempra Energy in the same state, and pausing investments in refineries in...

  • Ford's cuts are on top of about 7,000 salaried workers let go globally last year, primarily in Europe, South America and other overseas markets Link
    WSJ Business News Wed 02 Sep 2020 17:08

    Ford Motor Co. is offering buyouts to salaried employees in the U.S., a move that comes as the car maker works to rebound from coronavirus-related factory closures earlier in the year and prepares for new executive leadership.

    Ford will offer the buyouts to certain salaried employees who are eligible for retirement as of Dec. 31, according to a memo the company distributed Wednesday that was viewed by The Wall Street Journal.

    Ford hopes to trim about 1,400 workers through the buyouts, a company spokesman said. It has about 30,000 salaried U.S. workers total.

    Eligible employees can accept offers to leave the company up to Oct. 23, with those approved to leave departing by the end of the year, Kumar Galhotra, president of the Americas and international markets, said in the memo. The company could terminate workers if the buyouts don’t meet company goals, Mr. Galhotra said.

    The cuts are on top of about 7,000 salaried workers let go globally last...

  • Shares of DraftKings jumped after the sports-gaming company said Michael Jordan is acquiring a stake and joining as special adviser Link
    WSJ Business News Wed 02 Sep 2020 16:23

    NBA legend and team owner Michael Jordan agreed to purchase an undisclosed stake in DraftKings Inc. and become a special adviser to its board of directors.

    Shares of the online sports-gaming company recently rose 3% Wednesday; the stock was up as much as 12% earlier in the session.

    DraftKings said Wednesday that Mr. Jordan, an NBA hall of...

  • Thousands of airline workers have taken leave and retirement packages but weak demand forces more job losses. Link
    WSJ Business News Wed 02 Sep 2020 15:48

    United Airlines Holdings Inc. on Wednesday said it plans to cut 16,370 staff as part of efforts to halve its domestic workforce amid a pandemic-driven slump in passenger demand.

    The cuts are short of the 36,000 potential job losses the airline warned were possible in July. Most of the workers would leave when federal support expires on Oct. 1. Thousands of United employees already have taken voluntary retirement and extended leave packages in recent months.

  • The coronavirus pandemic has put millions of Americans out of work, but people are still getting hired. Here’s how to join them. Link
    WSJ Business News Wed 02 Sep 2020 12:48

    But there is reason to be optimistic, albeit cautiously: Many employers are still hiring. More than half of small and midsize companies plan to hire full-time employees this year, according to an August survey of 600 human-resources and finance chiefs by Paycor, an HR software company. And while the percentage of LinkedIn members hired into new jobs fell 7.4% in July compared with the year before, it jumped 57.5% from June, according to LinkedIn’s August Workforce Report.

    But today’s jobs landscape is wildly different from the red-hot labor market of early 2020. An open position can yield hundreds of applications. Many job interviews are still happening over laptop screens, and companies’ hiring needs are changing as fast as the economic outlook.

    “When every day is different and you don’t know what to expect, people need to think on their feet and get creative and take risks,” said Clara Shih, founder and chief executive of digital-engagement company Hearsay...

  • RT @marcelolprince: “It reminds me, ‘Oh, someone looted me’.” In cities across the U.S., plywood quickly covered storefronts. Some have bee…
    WSJ Business News Fri 28 Aug 2020 14:53
  • RT @pziobro: The report highlighted one mail handler who logged more than 3,300 overtime hours in 2018, which averages out to working a 17…
    WSJ Business News Wed 26 Aug 2020 21:11
  • Lisa Su is one of the most powerful women in the tech industry, and bets she made after becoming CEO at chip maker AMD are paying off in the pandemic Link
    WSJ Business News Thu 06 Aug 2020 17:24

    The coronavirus pandemic has shown just how far Advanced Micro Devices Inc. has come since Lisa Su became chief executive six years ago.

    Long an also-ran in the U.S. semiconductor industry behind Intel Corp., AMD is surging. AMD chips used in the data centers powering remote work are in hot demand. And personal computers and popular gaming consoles using its chips also are flying off the shelf with people stuck at home, prompting the company to raise its full-year sales outlook amid strong demand.

  • Professional baseball games that aired on national TV during the opening weekend had more than twice as many viewers as a year ago Link
    WSJ Business News Sun 02 Aug 2020 18:44

    The start of the Major League Baseball season, which came more than 100 days later than usual due to the coronavirus pandemic, drew significantly higher TV ratings than it did last year, a boon for sports networks that have had very little live content to run for months.

    Games that aired on national TV during the opening weekend—July 23 to 26—had more than twice as many viewers as a year ago, according to data from the MLB Network. Walt Disney Co.’s ESPN said the first 12 games it aired through late Thursday averaged 1.16...

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