SEATTLE—Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs. Susan Doniz, vice president for information technology and data analytics for Boeing, told employees Thursday that the eliminated jobs…
Google Launches ‘News Showcase’ in Australia as Tech Giant Fends Off Regulation
Google Australia has launched its News Showcase product at the tail-end of a near two-year-long journey by Australian regulators to rein in the power of the tech giant. News Showcase has been suggested by Google Australia as an alternative to the government’s impending News Media Bargaining Code, which forces the digital giants Google and Facebook…
Late Payments Strain WA Small Businesses in Pandemic
Late payments are adding to the financial strain on West Australian small businesses from the COVID-19 pandemic, a report has found. The Bankwest Curtin Economic Centre report found more than a third of small businesses reported revenue losses last year. But optimism is considerably higher for 2021, with roughly the same number of firms expecting…
White House Talks With Labor Leaders About Unionization Effort at Amazon Facility: Official
The White House has discussed the unionization effort at Amazon with officials linked to the Retail, Wholesale & Department Store Union (RWDSU), according to a union official. Stuart Appelbaum, president of the RWDSU, told Reuters that labor leaders connected with his union spoke with a top adviser to President Joe Biden after the president was sworn…
Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
LONDON—Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. pandemic relief bill adding further price support. Brent crude futures gained 24 cents, or 0.41 percent, to $58.70 a barrel by 1346 GMT, having earlier hit…
Longtime Merck CEO Ken Frazier to Retire
Ken Frazier, the longtime chief executive of Merck and one of the few remaining black CEOs of a Fortune 500 company, is retiring. Frazier, Merck’s CEO for the past decade, will be replaced by Rob Davis, the chief financial officer, the company said Thursday. Frazier will become executive chairman of the board during a transition…
Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets are Functioning Properly’
Treasury Secretary Janet Yellen said she will hold a meeting Thursday with top financial market regulators to discuss recent trading volatility that saw shares like GameStop soar, fueled by online communities seeking to build buying momentum and profit from heavily shorted stocks. “We really need to make sure that our financial markets are functioning properly,…
US Service Sector Activity Near 2-Year High in January: ISM Survey
WASHINGTON—U.S. services industry activity raced to its highest level in nearly two years in January, with growth in new orders and employment accelerating, raising cautious optimism that the beleaguered sector was turning the corner. The Institute for Supply Management (ISM) said on Feb. 3 its non-manufacturing activity index increased to a reading of 58.7 last…
US Unemployment Claims Fall to 779,000 but Job Cuts Grind On
WASHINGTON—The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic. Last week’s total dropped from 812,000 the previous week, the Labor Department said Thursday, and is the lowest in two months. Still, before the virus erupted…
US Unemployment Claims Fall to 779,000 But Job Cuts Still Sizable
WASHINGTON—The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic. Last week’s total dropped from 812,000 the previous week, the Labor Department said Feb. 4, and is the lowest in two months. Still, before the virus…
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