Business

More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the …

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Press group: Ukraine journalist, soldier 'coldly executed'

Press group: Ukraine journalist, soldier ‘coldly executed’

KYIV, Ukraine (AP) — A Ukrainian photojournalist and a soldier accompanying him appear to have been “coldly executed” during the first weeks of the war in Ukraine as they searched in Russian-occupied woods for the photographer’s missing camera drone, Reporters Without Borders said Wednesday. The press freedom group said it sent investigators back to the …

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Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

DALLAS — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline for …

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"Sunny" Balwani's trial: Closing in case of Elizabeth Holmes' partner

“Sunny” Balwani’s trial: Closing in case of Elizabeth Holmes’ partner

SAN JOSE, Calif. (AP) — Federal prosecutors on Tuesday depicted former Theranos executive Ramesh “Sunny”” Balwani as an instrumental accomplice in a fraud hatched by his secret lover, former Theranos CEO Elizabeth Holmes. In turn, his lawyers depicted him as a loyal soldier who tried to save the blood-testing company. “Mr. Balwani is not a …

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SpaceX FCC broadband feud vs.  Dish, Michael Dell increases affiliates

SpaceX FCC broadband feud vs. Dish, Michael Dell increases affiliates

SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, ​​Spain. Nurphoto | Nurphoto | Getty Images WASHINGTON — Elon Musk’s SpaceX on Tuesday ramped up a battle over broadband regulations with Dish Network and an affiliate of …

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Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan

Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan

Fund outflows and tightening conditions in a key corner of the credit markets have left big banks with an estimated $2 billion in losses, according to JPMorgan Chase . Bank of America and Citigroup have the most exposure to so-called hung loan deals within the coverage universe of JPMorgan analyst Vivek Juneja, according to a …

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Mark Zuckerberg shows early metaverse headsets Mirror Lake, Holocake

Mark Zuckerberg shows early metaverse headsets Mirror Lake, Holocake

The company formerly known as Facebook is going to spend $10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made towards that goal by revealing many of the …

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