Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset US$1 billion in overstaffing costs.
A weaker-than-expected election performance by Democrats and fears of new coronavirus restrictions have prompted investors to double down on high-flying technology stocks, which have come roaring back in recent days to put the Nasdaq within striking distance of a record.
The European Union is likely to impose tariffs on US$4 billion of U.S. imports next week after an award by the World Trade Organization in a dispute over subsidies for aircraft maker Boeing , EU diplomats said on Friday.
Alphabet's Google said on Friday it would not file a motion to dismiss a U.S. government lawsuit filed last month but would fight it in federal court.
BNPL pioneer Klarna is now the highest valued fintech in Europe with a valuation of over US$10.6 billion. Australia's first mover Afterpay recently doubled its full-year revenue to A$519.2 million (S$497.8 million) for the financial year ended June 30, 2020.
Amazon.com Inc's upscale grocer Whole Foods Market said on Friday it had reversed a decision banning its employees from sporting poppy flowers, a symbolic gesture to honour Remembrance Day, following a backlash in Canada.
U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.
Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset US$1 billion in overstaffing costs.
The European Union is likely to impose tariffs on US$4 billion of U.S. imports next week after an award by the World Trade Organization in a dispute over subsidies for aircraft maker Boeing , EU diplomats said on Friday.
Fiat Chrysler and Peugeot maker PSA have won a green light from Brazil's competition watchdog for their planned US$38 billion merger, the regulator said.
