Business
Amazon cuts 9,000 jobs; now at least 27,000 layoffs in 2023
By Haleluya Hadero, The Associated Press on March 20th, 2023
NEW YORK (AP) – Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the company said it would lay off in ... Read More »
Be the first to comment!Putin welcomes China’s Xi to Kremlin amid Ukraine fighting
By Vladimir Isachenkov, The Associated Press on March 20th, 2023
MOSCOW (AP) – Russian President Vladimir Putin warmly welcomed Chinese leader Xi Jinping to the Kremlin on Monday, a visit that sent a powerful message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short. Xi’s trip – his first abroad since his re-election earlier this month – showed off ... Read More »
Be the first to comment!How air passenger complaints ballooned to 42,000-plus
By Christopher Reynolds, The Canadian Press on March 20th, 2023
MONTREAL – The number of air passenger complaints to Canada’s transport regulator has more than tripled over the past year, soaring past 42,000 as of this month. The ballooning backlog means each case now needs more than a year and a half to handle, spurring advocates and politicians to question the efficacy of the process, ... Read More »
Be the first to comment!Wall Street strengthens after big bank deal, regulator moves
By Stan Choe, The Associated Press on March 20th, 2023
NEW YORK (AP) – Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 276 points, or 0.9%, at 32,138, as ... Read More »
Be the first to comment!Amazon to lay off 9,000 employees on top of 18,000 in Jan.
By Associated Press, The Associated Press on March 20th, 2023
NEW YORK (AP) – Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the company said it would lay off in ... Read More »
Be the first to comment!Credit Suisse shares fall, but UBS deal raises hope on banks
By Kelvin Chan And David Mchugh, The Associated Press on March 20th, 2023
LONDON (AP) – Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global banking system. ... Read More »
Be the first to comment!Putin welcomes China’s Xi to Kremlin amid Ukraine war
By The Associated Press on March 20th, 2023
MOSCOW – Russian President Vladimir Putin welcomed Chinese leader Xi Jinping to the Kremlin on Monday, in a visit that sent a powerful message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short. As he greeted Xi, Putin also said he welcomed his plan for “settlement of the acute ... Read More »
Be the first to comment!Ontario court permits Nordstrom Canada to liquidate closing stores
By Tara Deschamps, The Canadian Press on March 20th, 2023
TORONTO – An Ontario court has granted Nordstrom permission to sell off its merchandise before it closes its Canadian stores. At a hearing in Toronto, the Superior Court of Justice gave the U.S. retailer’s Canadian branch approval to start the liquidation process. Nordstrom required court approval because it is winding down its Canadian operations under ... Read More »
Be the first to comment!Wall Street holds steady after weekend’s big bank deal
By Stan Choe, The Associated Press on March 20th, 2023
NEW YORK (AP) – Most of Wall Street is holding steady Monday after regulators pushed together two huge banks over the weekend to build confidence in the struggling industry. The S&P 500 was 0.4% higher in early trading. The Dow Jones Industrial Average was up 335 points, or 1.1%, at 32,200, as of 9:57 a.m. ... Read More »
Be the first to comment!Wall Street opens mostly higher with banks still in focus
By Joe Mcdonald, The Associated Press on March 20th, 2023
NEW YORK (AP) – Wall Street is opening mostly higher after regulators pushed together two huge banks over the weekend to build confidence in the struggling industry. The S&P 500 rose 0.2% shortly after the opening bell Monday. The Dow added 0.6% and the Nasdaq composite slipped 0.3%. Much of the attention was still on ... Read More »
Be the first to comment!China’s Xi visits Moscow to bolster Putin amid Ukraine war
By The Associated Press on March 20th, 2023
MOSCOW – Chinese leader Xi Jinping arrived in Moscow on Monday to show off Beijing’s new diplomatic swagger and give a political lift to Russian President Vladimir Putin against the West just days after an international arrest warrant was issued for the Kremlin leader on war crimes charges related to Ukraine. The two major powers ... Read More »
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