(Reuters) -Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company. Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not…
OMAHA, Neb. (AP) — The major freight railroads appear unwilling to give track maintenance workers much more than they received in the initial contract they rejected last week, increasing the chances of a strike. The railroads took the unusual step of issuing a statement late Wednesday rejecting the Brotherhood of Maintenance of Way Employes Division…
SAN FRANCISCO (AP) — Elon Musk plans to lay off most of Twitter’s workforce if and when he becomes owner of the social media company, according to a report Thursday by The Washington Post. Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75% of Twitter’s employee base of…
By Rae Wee SINGAPORE (Reuters) – Sterling edged lower on Friday as investors digested the news that British Prime Minister Liz Truss had quit after just six weeks in office, while the Japanese yen languished near a fresh 32-year low. The pound dipped 0.21% to $1.1215 in early Asian trade, after a brief rally to…
(Reuters) – Biden Administration officials are discussing whether the United States should subject some of Tesla Inc Chief Executive Officer Elon Musk’s ventures to national security reviews, a Bloomberg News reporter tweeted on Thursday, citing sources. The ventures include Musk’s deal to buy Twitter Inc and the Starlink satellite network, the reporter’s tweet added. (Reporting…
DALLAS (AP) — The three biggest U.S. airlines enjoyed a boffo summer, reaping a combined profit of more than $2 billion as Americans jammed on to planes despite fares that were sharply higher than a year ago. What pandemic? American Airlines said Thursday that it earned $483 million on record-breaking revenue that more than offset…
By Stephanie Kelly (Reuters) – Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up. Brent crude futures lost 5 cents to trade at $92.33 a barrel by 00:02 GMT. U.S. West Texas Intermediate futures rose 7 cents to trade…
By Howard Schneider WASHINGTON (Reuters) -The St. Louis Federal Reserve said it would “think differently” about appearances by its president James Bullard at non-public events after news reports of his attendance at a private policy forum last week sponsored by Citigroup. The New York Times first reported Bullard’s appearance at the event, which it noted…
OMAHA, Neb. (AP) — CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months. The Jacksonville, Florida-based railroad said Thursday that it earned $1.11 billion, or 52 cents per share, in the three-month period that ended…
By Howard Schneider WASHINGTON (Reuters) -The St. Louis Federal Reserve said it would “think differently” about appearances by its president James Bullard at non-public events after news reports of his attendance at a private policy forum last week sponsored by Citigroup. The New York Times first reported Bullard’s appearance at the event, which it noted…
