Boeing strike costs top $1.4 billion as pressure on company mounts
It's been two weeks since Boeing's 33,000 machinists went on strike, and the company is bracing for financial fallout. The aircraft maker has put hiring freezes, furloughs, pay cuts for its leaders and forced most of the D.C. lobbying firms it hired to save cash after its machinists walked off the job shortly after midnight […]
Dell becomes latest company to mandate 5 days a week in office
Dell Technologies announced Thursday that employees on its global sales team who can work from an office will be required to report to work five days a week starting Sept. 30, according to a memo seen by Reuters. The change is to leverage a collaborative environment to “improve skills,” which requires teams to be in […]
House Intel demands ‘critical’ briefing on CCP-linked company Temu
The House Intelligence Committee is seeking explanations from the FBI and the Securities and Exchange Commission about the Chinese Communist Party-linked e-commerce company Temu and its parent company Pinduoduo (PDD) amid concerns about misuse of U.S. data. Fox News Digital obtained the letter, led by House Intelligence Committee Chairman Mike Turner (R-Ohio) and Rep. Darin […]
Have Medicare? You need to watch for this letter from your insurance company – MLive.com
If you're one of the millions of Americans who receive Medicare benefits and also have private insurance, you might want to keep an eye on your mailbox because you'll soon be receiving a letter with some important details, including possible major changes to your benefits and where you can use them. Among other things, the […]
Trump reveals tax deal he will be ‘offering to every major company and manufacturer on Earth’
Former President Trump vowed on Tuesday to “begin a historic expansion of American manufacturing power and strength” through an economic and tax agreement he said would provide for “every major company and manufacturer on the planet.” Campaigning in Savannah, Georgia, Trump said his plan for the US economy, centred around a “Made in America” 15% […]
Company Will Share User Data with Law Enforcement Following CEO Arrest
Encrypted messaging company Telegram has announced that it will share user data with law enforcement agencies to combat illegal activity on its platform. This significant privacy policy reversal comes after Telegram CEO Pavel Durov was arrested in France last month. Decryption Report Telegram, the popular messaging app known for its strong encryption and user privacy […]
Lionsgate Signs Deal with AI Company to ‘Save Millions’ in Film Production
Hollywood film studio Lionsgate has signed a deal with artificial intelligence company Runway to develop custom AI models to “save millions of dollars” on film productions. The deal comes as Lionsgate seeks to gain more control over the movie-making process at a time when the entertainment industry is grappling with the impact that AI will […]
FBI agents have boarded vessel managed by company whose other cargo ship collapsed Baltimore bridge
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Blackstone to sell Motel 6 chain and its parent company for $525M
An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]
Boeing's defense and space chief is out, as company tries to fix troubled contracts
ARLINGTON, Va. (AP) — Boeing Co on Friday replaced the head of its defense and space business, which has been plagued by loss-making government contracts and embarrassing setbacks over its Starliner space capsule. Theodore “Ted” Colbert III has been removed from his role as president and CEO of Boeing Defense, Space and Security, effective immediately, […]