Month: March 2022
Britain’s P&O Ferries broke the law in laying off 800 staff, boss admits
Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “major announcement” but insisted it is “not going into liquidation.” Gareth Fuller | PA Images | Getty Images The boss […]
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Google employees bombard execs with questions about pay at recent all-hands meeting
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google executives, facing a barrage of criticism from employees on issues related to compensation, defended the company’s competitiveness at a recent all-hands meeting while acknowledging that the performance review process could change. The companywide virtual gathering earlier this month followed the release of […]
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Uber stock jumps on deal to offer New York City taxi rides in app
New York City yellow taxi cabs Getty Images Uber has reached an agreement to list New York City taxis on its app. Two taxi-hailing apps, operated by Curb and Creative Mobile Technologies, will integrate their software with Uber, allowing users to book taxi rides in the Uber app, the companies announced Thursday. Uber said it […]
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Olive Garden parent’s earnings miss estimates, company lowers fiscal 2022 outlook
An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, saying the omicron variant of Covid-19 led to disappointing sales for its Olive Garden chain. The company also lowered its earnings outlook for fiscal 2022, expecting that […]
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U.S. to sanction over 300 Russian elites and block Russian central bank gold
U.S. President Joe Biden announces new actions against Russia for its war in Ukraine, during remarks in the Roosevelt Room at the White House in Washington, U.S., March 8, 2022. Kevin Lamarque | Reuters The United States plans to sanction approximately 400 Russian individuals and entities, including more than 300 lawmakers from the Russian lower […]
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Watch CNBC’s full interview with Alaska Airlines CEO Ben Minicucci
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alaska Airlines CEO Ben Minicucci joins CNBC’s Phil LeBeau and the ‘Squawk Box’ team to discuss the federal government’s mask mandate on airlines, travel demand and more. Minicucci also discusses whether the airline plans to move to an all-Boeing fleet following the […]
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Alaska Airlines CEO: We’re seeing strong bookings, returning business travel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alaska Airlines CEO Ben Minicucci joins CNBC’s Phil LeBeau and the ‘Squawk Box’ team to discuss the federal government’s mask mandate on airlines, travel demand and more. Source
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How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penalties. The anti-money laundering Bank Secrecy Act of 1970 requires Americans with overseas assets to disclose holdings via a Report […]
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Here are Thursday’s biggest analyst calls of the day: Amazon, Apple, Microsoft, Uber, Rivian & more
Here are the biggest calls on Wall Street on Thursday. Source
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The SEC climate rule: 7 things investors need to know
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commission on Monday unveiled a sweeping proposal to expand investors’ insight into the threat that climate change poses to public companies and how they contribute to a […]
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