Category: Companies

Microsoft Outlook Back up for Most Users After Outage

Microsoft Corp.’s Outlook was back up for most users, the company said on Tuesday, after an hours-long outage disrupted the email service application for users primarily in North America. The company said it had identified a recent change that might have caused issues within Outlook.com, without giving further details. The outage comes shortly after Microsoft’s…


Bed Bath & Beyond Staves Off Bankruptcy With $225 Million From Stock Sale

Bed Bath & Beyond Inc. said on Tuesday it raised about $225 million in an equity offering and may get another $800 million over the next 10 months, as the struggling retailer tries to avoid bankruptcy. Bed Bath, which first raised the prospect of bankruptcy early last month, said on Monday it planned to raise…


Elon Musk to Unveil Tesla’s ‘Master Plan 3’ at First Investor Day

Tesla Inc. Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker’s “Master Plan” when the company holds its first investor day on March 1. In 2006 and 2016, the billionaire laid out his vision for the electric carmaker, but much of the plans have yet to be achieved. “Master…


Southwest Airlines in US Senate Hot Seat Over December Meltdown

When a U.S. Senate committee scrutinizes the December operational meltdown of Southwest Airlines on Feb. 9, the company’s CEO, Bob Jordan, will not be in the hot seat. Instead, COO Andrew Watterson will be. Southwest Airlines COO Andrew Watterson in an undated photo. (Southwest Airlines) “Unfortunately, the date that was selected for the hearing ……


PREMIERING 2/9 at 7:30PM ET: Aaron Siri (Part 1): Why Are Vaccine Manufacturers the Most Protected Companies in America?

“When we finally had that data, you got a sense of why they didn’t want the public to have it, because it showed that 7.7 percent of the over 10 million V-safe users reported needing medical care after a COVID-19 vaccine.” Aaron Siri, managing partner at Siri & Glimstad, has led several high-profile lawsuits against…


Florida State Court System, US, EU Universities Hit by Ransomware Outbreak

LONDON/WASHINGTON—A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than 3,800 victims of a fast-spreading digital extortion campaign that locked up thousands of servers…


Disney to Lay Off 7,000 Workers as CEO Iger Revamps to Restore ‘Creativity,’ Cut Costs

Disney CEO Bob Iger revealed on Wednesday that around 7,000 employees will be laid off as the entertainment firm seeks to cut expenses, restore a focus on creativity, and chase profitability. Iger said that the goal of Hollywood’s most influential studio is to save $5.5 billion in costs, with $3 billion coming from content and…


Alibaba-Backed Asian Group Daraz Cuts Workforce 11 Percent

KARACHI, PAKISTAN—Alibaba-owned e-commerce platform Daraz Group is reducing its workforce in the Indian subcontinent by 11 percent due to the “current market reality,” Chief Executive Officer Bjarke Mikkelsen said, suggesting job losses that could affect about 300 people. Daraz confirmed to Reuters that the cuts will affect a base of 3,000 full-time regional employees. A…


US Congresswoman Says She Was Injured by COVID-19 Vaccine

A U.S. congresswoman on Feb. 8 says she was left injured by a COVID-19 vaccine. Rep. Nancy Mace (R-S.C.) disclosed during a hearing with former Twitter executives while decrying how Twitter had censored posts from medical experts, including Dr. Jay Bhattacharya and Martin Kulldorff. “I, along with many Americans have long-term effects from COVID. Not…


UK Banks Including HSBC ‘Complicit’ in Hong Kong Human Rights Suppression, Lawmakers Found

British banks in Hong Kong, including HSBC, have been complicit in suppressing human rights by proactively supporting Beijing’s National Security Law, a group of UK lawmakers found in an inquiry. In a report published on Wednesday, the All-Party Parliamentary Group (APPG) on Hong Kong said there are “numerous instances” where banks have denied Hongkongers access to their…