Imagine showing up to work but not getting paid for the first half-hour you're there. You're still expected to work--in fact, imagine those first 30 minutes or so are the most stressful part of your job--you just don't get paid. You'd probably find a different job. Or you might be a flight attendant . If you're like me, you probably had no idea flight attendants don't get paid until the aircraft door closes. On an international flight, when you include the time for check-in and a briefing, flight attendants are expected to show up an hour and a half before a flight is expected to leave. None of that time is paid. All that time they spend helping people find their seats, cramming luggage in overhead compartments, and dealing with everything else that comes with getting 100 or so people on a long metal tube--none of it is paid. Well, until now. This week, Delta said it would start paying flight attendants 50 percent of their hourly rate for boarding time. It … [Read more...] about Delta Just Announced an Unprecedented Change, and It’s Hard to Believe No Airline Has Done this Before
In the announcement
Southwest Just Made an Announcement That Should Put Smiles on Customers’ Faces
Southwest Airlines will begin offering faster Wi-Fi, bigger overhead bins, and USB power outlets at all its seats. The improvements will be phased in over five years, and are part of a plan to spend $3.5 billion per year on capital improvements . The airline also said it will double the movies available to watch during flights. The announcement should be welcome news to many Southwest frequent fliers, especially those who travel for business. The move is likely a response to both a current reality and a timeless truth. First, there's the unexpected growth in business travel. Business travel, like all travel, plummeted during the pandemic. Leisure travel has rebounded in the past year, as restrictions eased and people found themselves with disposable cash and a pent-up desire to get away from home. But business travel was supposed to be a different matter. As Zoom and other video chat platforms became more ubiquitous, many assumed they would come to replace many business … [Read more...] about Southwest Just Made an Announcement That Should Put Smiles on Customers’ Faces
Netflix Announces Massive Layoffs As Subscribers Bail
Netflix is set to lay off approximately 150 employees in an attempt to curb costs following slow revenue growth in the first quarter of 2022. The layoffs constitute approximately 2% of Netflix U.S.’s workforce and cut across all departments, according to Variety, citing an internal employee email. A company representative explained that the cross-department layoffs were not a result of employee performance, but rather an effort to reduce costs following slow growth in the first quarter. On top of the 150 full-time Netflix staff laid off today and 70 animation studio roles that were cut, 60-70 contractors working on Netflix’s social media & publishing channels were let go — incl from Strong Black Lead, Golden, Con Todo and Most. $NFLX https://t.co/0er7gfIytk — Elaine Low (@elainelow) May 18, 2022 “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,” a Netflix spokesperson told The Daily Caller … [Read more...] about Netflix Announces Massive Layoffs As Subscribers Bail
Amazon (AMZN) Rolls Out Web Services (AWS) Innovations
Amazon.com, Inc . ( AMZN ) has rolled out several enhancements to its Amazon Web Services (AWS) cloud computing offering that are designed to enhance its utility to a wide range of customers. In particular, AWS is focused in 2022 on enabling many organizations—including startups, large enterprises, and government agencies—to become more agile and innovate more rapidly at lower cost. During the AWS Summit in San Francisco on April 21, 2022, Swami Sivasubramanian, vice president of data, analytics, and machine learning services at AWS, offered details on several new product offerings. The innovations that he described range across several service categories, including databases, machine learning, the Internet of Things (IoT) , and application development. Key Takeaways Amazon Web Services (AWS) announced six major enhancements on April 21, 2022. Two increase flexibility and lower costs for AWS users. One makes creating digital twins easier. One facilitates … [Read more...] about Amazon (AMZN) Rolls Out Web Services (AWS) Innovations
US pries into over 100 trader and banker phones in texting probe
Reuters filepix for illustration purpose only - A + A NEW YORK (May 18): The US is forcing Wall Street banks to embark on a systematic search through more than 100 personal mobile phones carried by top traders and dealmakers in the largest-ever probe into clandestine messaging on platforms such as WhatsApp. The Securities and Exchange Commission has been sending firms lists of key positions — in some cases pointing to around 30 people including heads of certain investment banking teams or trading desks — that are subject to the review, according to people with direct knowledge of the requests. Personnel in those roles are being ordered to hand over phones so devices can be examined by lawyers. The aim is to gauge how pervasively Wall Street professionals use unauthorized messaging platforms to chat with each other or clients as regulators decide which firms to punish, and how hard, for failing to preserve business-related messages sent via unapproved platforms. … [Read more...] about US pries into over 100 trader and banker phones in texting probe
Kanger terminates MoUs after failing to get nod to distribute Sinopharm vaccines
- A + A KUALA LUMPUR (May 18): Kanger International Bhd, which is involved in the manufacturing and trading of bamboo flooring and furniture, hardwood and laminated flooring and property development, said its Memoranda of Understanding (MoUs) with Zuellig Pharma Sdn Bhd and K-Star Sport Ltd have been terminated after it failed to get the Drug Control Authority (DCA) of Malaysia's approval to be the registered holder for China's Sinopharm Covid-19 vaccines in Malaysia. On Oct 23, 2020, it entered into an MoU with Zuellig Pharma to collaborate on the distribution of Covid-19 vaccines in Malaysia. Another MoU was signed between Kanger and K-Star on Oct 26, 2020 for the purpose of appointing K-Star as the sale agent of the vaccines for private clinics here. In separate bourse filings on Wednesday (May 18), the ACE Market-listed Kanger said the MoUs have been terminated following the approval by the DCA for another company to be the registered holder for the Sinopharm … [Read more...] about Kanger terminates MoUs after failing to get nod to distribute Sinopharm vaccines
Three Caely shareholders call for EGM to seek boardroom changes
- A + A KUALA LUMPUR (May 18): Three shareholders of troubled lingerie maker Caely Holdings Bhd, who collectively hold at least 10% of the company, have requisite for an extraordinary general meeting (EGM) to discuss various issues, including the removal of its newly-appointed executive chairman Wong Siaw Puie and six other existing directors. In a bourse filing on Wednesday (May 18), Caely said it had on May 17 received a notice of intention from Leong Seng Wui, Kok Kwang Lim and Valhalla Capital Sdn Bhd to call for an EGM on June 15. "The company is seeking legal advice on the above and further announcement will be made on any material development," it added. The notice sought to remove Wong, Beh Hong Shien, Datin Fong Nyok Yoon, Datuk Loh Ming Choon, Datuk Mohamad Hanafiah Zakaria, Datuk Seri Sin Hock Min, Ng Mei Choo and any person appointed as a director of the company from May 16 up to the EGM. At the same time, it is seeking the appointment of Leong Seng … [Read more...] about Three Caely shareholders call for EGM to seek boardroom changes
Dynaciate proposes to change name to Ingenieur Gudang
- A + A KUALA LUMPUR (May 18): Dynaciate Group Bhd is proposing to change its name to Ingenieur Gudang Bhd. In a filing with Bursa Malaysia on Wednesday (May 18), Dynaciate said the proposed name has been approved by the Companies Commission of Malaysia (CCM) for the company on May 17, and is subjected to its shareholder’s approval at an extraordinary meeting to be convened at a date to be announced later. “The proposed change of name, if approved by the shareholders, will take effect from the date of issuance of notice of registration of new name under Section 28(4) of the Companies Act 2016 by CCM. A Circular to Shareholders with the details of the proposed change of name will be issued to the shareholders of the company in due course," according to a bourse filing. Before changing its name to Dynaciate in 2018 due to the emergence of a substantial shareholder at that time, namely Dynaciate Engineering Sdn Bhd, the company was known as Tatt Giap Group. … [Read more...] about Dynaciate proposes to change name to Ingenieur Gudang
Disney+ releases new trailer for Marvel’s ‘She-Hulk: Attorney at Law’
(CNN) Disney+ has released a new trailer for Marvel's "She-Hulk: Attorney at Law." The new series stars Tatiana Maslany as She-Hulk/Jennifer Walters, a lawyer who specializes in superhuman-oriented legal cases. The show's executive producer Kevin Feige, president of Marvel Studios and chief creative officer of Marvel, welcomed Maslany to The Walt Disney Company's 2022 Upfront presentation in New York on Tuesday, where he announced an Aug. 17 launch date and debuted the new trailer. "She-Hulk: Attorney at Law" follows Walters as she "navigates the complicated life of a single, 30-something attorney who also happens to be a green 6-foot-7-inch superpowered hulk." The series will have nine episodes and stars Mark Ruffalo as Smart Hulk, Tim Roth as Emil Blonsky/the Abomination, and Benedict Wong as Wong. The cast also includes Ginger Gonzaga, Josh Segarra, Jameela Jamil, Jon Bass and Renée Elise Goldsberry. Read More The show will … [Read more...] about Disney+ releases new trailer for Marvel’s ‘She-Hulk: Attorney at Law’
Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks
Cryptocurrencies have taken a beating this year. As Gizmodo reports , many have lost up to half their value within the last six months alone. But the beating that crypto is taking in 2022 is affecting more than just the digital coins themselves: In the wake of Coinbase’s most recent quarterly earnings, we now know that some crypto trading platforms are also underperforming. advertisement Yesterday after the bell, Coinbase Global (Nasdaq: COIN) announced its Q1 2022 earnings. The results were not good and sent COIN stock plummeting. As of the time of this writing, COIN is down over 14.5% to $62.33 in pre-market trading. That’s an all-time low for Coinbase, which peaked at just over $319 last October. The company went public in a much-hyped direct listing a little over a year ago, the first major crypto exchange to list on U.S. markets. So, what sent COIN stock crashing? As CNBC reports , revenue fell 27% from a year ago. That decline was led by fewer users … [Read more...] about Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks