Category: Companies

UPS Cutting Back on Some Jobs as Teamster Labor Talks Loom

LOS ANGELES—United Parcel Service on Monday confirmed it is taking steps to reduce its workforce in regions where delivery demand has softened, a comment that comes days after a local union reported that the company had begun nationwide layoffs of some drivers. With the move, UPS joins rival FedEx and other major transportation companies in…


Energy Australia’s $1.5M Fine After Worker’s Death

Energy Australia has been fined $1.5 million (US$1.03 million) after a veteran Yallourn power station worker suffered fatal burns to 90 per cent of his body in an electrical explosion. Graeme Edwards was highly trained and had worked at the power station for more than 30 years when he volunteered to connect a high-voltage cable…


Disney Is Planning an Avatar Experience at Disneyland

The Walt Disney Co. is planning to add an Avatar experience to Disneyland and explore other opportunities at its theme parks as it looks for more ways to appeal to its guests. While Disney announced last week that it is cutting about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization,”…


Companies Must Improve Internal Culture to Thwart Cyber-Threats, Panelists Say

As companies increasingly explore how to improve their cybersecurity and shield their technology, proprietary secrets, and the personal data of their executives and staff from bad actors, they must take steps to fix a workplace culture that is still resistant to the habits and practices that best ensure online security, not to mention a shortfall…


Google Expanding ‘Prebunking’ Campaign in Germany

Google is planning to expand its “prebunking” campaign in Germany after operational success in Eastern Europe, with the campaign aimed at countering effects of “disinformation” even as some experts warn that prebunking would effectively act as censorship. Prebunking is a “scientifically researched communication technique that helps users to recognize and reject future attempts to manipulate…


Google Expanding ‘Prebunking’ Campaign to Germany

Google is planning to expand its “prebunking” campaign to Germany after operational success in Eastern Europe, with the campaign aimed at countering the effects of “disinformation,” even as some experts warn that prebunking would effectively act as censorship. Prebunking is a “scientifically researched communication technique that helps users to recognize and reject future attempts to…


Novavax to Sell US Government 1.5 Million More Doses of COVID-19 Vaccine

Novavax has secured a vaccine deal to provide the U.S. government with 1.5 million doses of its COVID-19 vaccine, a latecomer to a market where the biggest buyers have stopped buying. The Maryland-based biotech company reported on Monday that it has agreed with the U.S. government to modify an existing contract, but did not disclose…


5G C-Band Upgrade Rules Could Cost Airline Industry $637 Million, IATA Says

The International Air Transport Association (IATA) said on Thursday that the costs to retrofit airplane altimeters to prevent 5G interference could cost the airline industry at least $637 million. The organization, which represents more than 100 carriers that fly to the United States, said in comments filed with the Federal Aviation Administration (FAA) that the…


New Report Reveals American Companies With High Likelihood to Go ‘Woke’

A new report puts the spotlight on businesses at the risk of going “woke” by pushing ideologies rather than focusing on profits and revenues, giving Americans the ability to take preemptive action against such companies. The “Corporate Bias Ranking” report by the nonprofit 1792 Exchange assessed policies, practices, and other relevant criteria of more than…


Wall Street Climbs Higher on Megacap Boost

U.S. main stock indexes opened higher on Monday as beaten-down megacap growth stocks gained, while Meta Platforms climbed on reports of fresh layoffs. The Dow Jones Industrial Average .DJI rose 18.12 points, or 0.05 percent, at the open to 33,887.39. The S&P 500 .SPX opened higher by 6.16 points, or 0.15 percent, at 4,096.62, while…