Adidas plans to resell parts of its remaining now-defunct shoe line with Kanye West following comments he made last year that were widely viewed as antisemitic, the company has announced. Björn Gulden, CEO of the German sports brand, revealed the decision during the company’s annual shareholder meeting on May 11. “What we are trying to do now…
Adidas Plans to Resell Remaining Kanye West Sneakers, Donate Proceeds to Charity, After Cutting Ties With Rapper
Louisiana’s Biggest Hospital System Lays Off 770 People
May 12, 2023
admin
Business & MarketsCompanieseconomyinflationlayoffsLouisianaMarketsMississippiOchsner HealthRegional & State NewsRegional NewsState NewsUSUS News
0 Comment
Louisiana’s largest hospital system and one of its largest private employers, Ochsner Health, plans on laying off 770 employees. The job cuts will affect 42 hospitals and more than 200 urgent care and health centers in Louisiana and Mississippi. Ochsner CEO Pete November wrote in a May 11 email to employees (pdf) that the cutbacks would not affect doctors, nurses,…
Southwest Airlines Pilots Vote Overwhelmingly to Authorize Strike Ahead of Summer Travel Season
Southwest Airlines pilots are set to go on strike ahead of what is expected to be a busy summer travel season. The Southwest Airlines Pilots Association (SWAPA) announced the move on May 11, noting that 99 percent of union members who took part in a vote on the matter opted to authorize a strike. Turnout was…
Top Fed Official Warns Inflation Still Too High and More Rate Hikes May Be Appropriate
A senior Federal Reserve official said that the latest price data show inflation is still too high to warrant an easing of monetary policy and may even require further interest rate hikes The remarks deliver a counterpoint to growing market expectations for a so-called Fed pivot. Michelle Bowman, who sits on the Fed’s Board of…
House Passes Bill Incentivizing States to Claw Back Fraudulent Unemployment Insurance Benefits
The House voted on May 11 to pass legislation aimed at incentivizing states to claw back fraudulently paid unemployment benefits made during the COVID-19 pandemic. The bill, H. R. 1163, known as the “Protecting Taxpayers and Victims of Unemployment Fraud Act” passed in a 230–200 vote, with 10 Democrats joining Republicans in voting for the legislation. Under the legislation…
Australian Lithium Company Enters into $15.7 Billion Merger with US Partner
A new global lithium giant will emerge from the $15.7 billion (US$10.6 billion) merger between one of Australia’s largest lithium producers and a U.S.-based company. On May 11, Brisbane-headquartered Allkem and New York Stock Exchange-listed Livent announced that the two companies would enter into a merger of equals. The result of which will be an entity…
Greens Call for Essential Services to Be Returned to Government Ownership
The Australian Greens want the federal government to turn back the clock and become a net provider of essential services in the Australian energy industry, with party leader Adam Bandt decrying the private ownership of the energy sector. Bandt, during his address to the National Press Club, said that Australia needed large-scale public investment in…
News Corp Should Receive Revenue for Training AI Bots, Says CEO
May 12, 2023
admin
AustraliaBusiness & MarketsCompaniesMedia & Big TechNews CorpNews CorporationRobert ThomsonTechTech NewsUSUS NewsWorld
0 Comment
Media giant News Corporation should be compensated by artificial intelligence engines for using its content, says company CEO Robert Thomson. In an investor call on May 12, Thomson said AI would have a profound effect on the media business. “Generative AI may pose a challenge to our intellectual property and to the future of journalism,”…
Up to 80 Percent Chance Recession Could Occur, Cash Rate to Peak at 4.8 Percent: RBA Internal Research
The probability of recession in Australia occurring before the end of 2024 could be as high as 80 percent, according to modelling by the Reserve Bank of Australia (RBA). Internal documents from September 2022 published on Thursday under Freedom of Information laws reveal the most likely period for recession has already passed. In a more…
Stock Market Today: Wall Street Edges Lower Following Inflation Data, Drops for Disney, Banks
NEW YORK—Wall Street edged lower Thursday, weighed down by a sharp drop for The Walt Disney Co. and flaring fears about the health of some U.S. banks. The S&P 500 lost 7.02 points, or 0.2 percent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average lost…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta