PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, January 23, 2020. Adam Galacia | CNBC PayPal announced plans Tuesday to lay off 2,000 employees, or about 7% of its workforce, according to a post on the company’s website. President and CEO Dan Schulman wrote in the release that PayPal is … Read more

Exxon crushes Western oil company profits by $56 billion by 2022

Exxon crushes Western oil company profits by  billion by 2022

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a net profit of $56 billion for 2022, the company said Tuesday, taking home about $6.3 million an hour last year and not just set a company record, but also a historic high point for the Western oil industry. Oil companies are expected to break … Read more

Boeing says goodbye to icon, delivers last 747 jumbo jet

Boeing says goodbye to icon, delivers last 747 jumbo jet

SEATTLE (AP) — Boeing says goodbye to an icon on Tuesday as it delivers its last 747 jumbo jet. Since its maiden flight in 1969, the giant but graceful 747 has served as a cargo jet, a commercial airliner capable of carrying nearly 500 passengers, a mode of transportation for NASA’s space shuttles, and the … Read more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

General Motors CEO Mary Barra addresses reporters as she awaits the arrival of President Joe Biden at the media day of the North American International Auto Show in Detroit, Michigan, Sept. 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in Tuesday afternoon trading. General engines — Shares of the automaker rose … Read more

Boeing says goodbye to ‘Queen of the Skies’ with last 747 delivery

Boeing says goodbye to ‘Queen of the Skies’ with last 747 delivery

CNN — More than half a century after the original jumbo jet ushered in a glamorous new jet age and brought affordable air travel to millions of passengers, the very last Boeing 747 was due to be delivered on Tuesday, marking the beginning of the final chapter for the beloved aircraft. In a ceremony broadcast … Read more

More than 1,000 flights canceled due to a deadly ice storm sweeping across the south

More than 1,000 flights canceled due to a deadly ice storm sweeping across the south

More than 1,000 flights within, to and from the United States were canceled on Tuesday as a fatal ice storm swept across parts of the South. The storm focused on the Dallas-Fort Worth metropolitan area, making the region the hardest hit by travel problems, with 742 canceled flights at Dallas-Fort Worth International Airport, according to … Read more

US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that the US Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver assistance systems as regulations tighten. The automaker said in a filing that it has “received requests from the DOJ for documents related to Tesla’s Autopilot and FSD … Read more

Nike is suing Lululemon over shoe designs

Nike is suing Lululemon over shoe designs

Nike sues Lululemon for patent infringement involving at least four of the clothing company’s shoes, extending a contentious legal history between the two companies. In its complaint filed Monday in Manhattan federal court, Nike alleges that it suffered economic loss and irreparable harm as a result of Lululemon’s sale of the Chargefeel Mid, Chargefeel Low, … Read more