Amazon employees walked out at the company’s Seattle headquarters, to highlight their concerns over recent layoffs, a return to office policy, and the company’s environmental impact. More than 2,000 Amazon employees worldwide walked off the job after 1 p.m., Pacific Time, on May 31, of which 1,000 of them gathered next to the Spheres, the landmark entrance…
Amazon Workers Walk Out Over Return to Office Policy and Climate Impact
June 1, 2023
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Wall Street Opens Higher on Debt Deal Cheer; Salesforce Crimps Gains
Wall Street’s main indexes eked out gains at the open on Thursday on optimism sparked by passage of a bill by lawmakers to suspend the nation’s debt ceiling, while dismal earnings from Salesforce kept gains in check. The Dow Jones Industrial Average rose 21.58 points, or 0.07 percent, at the open to 32,929.85. The S&P…
Aust-First Deal Limits Uber Charges in Train Meltdowns
Getting home when public transport grinds to a halt will be cheaper after New South Wales (NSW) and Uber struck an Australian-first deal on surcharges. The rideshare operator has agreed to limit surge pricing when disruptions happen until alternative public transport options are in place and passenger demand reduces. Transport Minister Jo Haylen announced the…
Amazon Reaches $30.8 Million Settlement in FTC Complaints Over Ring Doorbell Surveillance, Use of Children’s Voice Recordings
Amazon has agreed to pay the Federal Trade Commission (FTC) $30.8 million to settle claims that it allowed employees and third-party contractors of its Ring video camera doorbell unit to surveil customers in their homes and illegally retained children’s voice recordings through its Alexa app. According to an FTC press release, Amazon’s Ring doorbell company was charged with compromising…
Shares Gain on US Debt Bill Passage, Fed Pause Talk
June 1, 2023
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LONDON/TOKYO—Global shares rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling. A divided House passed a bill to suspend the $31.4 trillion debt ceiling—and avert a catastrophic default—with majority support from…
American Airlines Says It Will Appeal a Ruling That Would Break up a Partnership With JetBlue
DALLAS—American Airlines said Wednesday it will appeal a court decision that would force the airline to break up its partnership with JetBlue Airways in the Northeast. American and JetBlue face a late-June deadline to end the agreement in which they coordinate flights and share revenue. The Justice Department sued to block the alliance, and a…
Finnish Company Admares Plans $750 Million Modular Housing Factory in US, Hiring 1,400
WAYCROSS, Ga.—Finnish company Admares plans to invest $750 million to build a modular housing factory in the U.S. state of Georgia, hiring 1,400 people, officials announced Wednesday. The company plans to mass produce housing using heavily automated factories. Admares, which was founded in Turku, Finland, said it’s in the process of relocating its headquarters to…
Pain and Terror Felt by Passengers Before Boeing Max Crashed Can Be Considered, Judge Rules
Families of passengers who died in the crash of a Boeing 737 Max in Ethiopia can seek damages for the pain and terror suffered by victims in the minutes before the plane flew nose-down into the ground, a federal judge has ruled. The ruling means that lawyers for the families will be able to call…
Toyota to Invest $2.1 Billion More in North Carolina Battery Plant, Will Build Big SUV at Factory in Kentucky
June 1, 2023
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FRANKFORT, Ky.—Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota’s huge complex in Georgetown, Kentucky, which will build Toyota’s first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans, announced Wednesday, won’t…
Jaguar Recalls I-Pace Electric Vehicles Due to Fire Risk in Batteries, Tells Owners to Park Outside
DETROIT—Jaguar is recalling more than 6,000 I-Pace electric SUVs in the United States due to the risk of the high-voltage battery catching fire, and it’s telling owners to park them outdoors. The recall is the latest in a series of electric vehicle battery recalls because of the potential for fires. Documents posted Wednesday by the…
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