Business News

Google axes 12,000 jobs, layoffs spread across tech sector – Business News

September 14, 2024

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.

Alphabet CEO Sundar Pichai, the parent company of Google, informed staff Friday at the Silicon Valley giant about the cuts in an email that was also posted on the company’s news blog.

It’s one of the company’s biggest-ever round of layoffs and adding to tens of thousands of other job losses recently announced by Microsoft, Amazon, Facebook parent Meta and other tech companies

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Business News

Elon Musk takes the witness stand in court trial over his failed attempt to take Tesla private

September 3, 2024

Elon Musk tested in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars.

Tesla shareholders are suing the company to recover losses they say they suffered amid Musk’s claim that he had “secured” money to take the company private at $420 per share.

Musk told an attorney representing Tesla shareholders Friday that his tweets were truthful, if limited by the social media platform’s character count.

Musk also argued that Tesla’s stock price has not always shown as one might expect in regard to his tweets, noting that

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Business News

Aretha Franklin’s Wills Dispute – Rickard & Associates

July 18, 2023

If you have been following the news, you may have seen that there is a dispute regarding Aretha Franklin’s estate plan. Her sons are in court fighting over her estate and multiple wills.

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Aretha Franklin died in 2018, and because she did not have a trust, she wills went through probate court where they are being disputed by her sons.

A Will from 2014 and two Wills from 2010 were

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Business News

Does Canada really need a digital loonie?

May 15, 2023

The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar.

“We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point where we need help from Canadians, we need to understand what Canadians want.”

And yet the bank maintains there is neither a need nor a plan to launch a digital loonie.

So, why bother with the public consultations at all?

Rogers says more transactions are

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Business News

Nordstrom Canada will launch sales at its closing stores starting Tuesday

May 3, 2023

The liquidation sales at Nordstrom stores across Canada will begin Tuesday, a spokesperson for the department store chain confirmed in an email to CBC News.

At a hearing at Osgoode Hall in Toronto on Monday, the Ontario Superior Court of Justice gave the US retailer’s Canadian branch permission to start liquidating its merchandise.

Lawyer Jeremy Dacks, who represented Nordstrom, said the company has “worked hard to achieve a consensual path forward” with landlords, suppliers and a court-appointed monitor to find an orderly way to wind down the business.

The monitor, Alvarez & Marsal Canada, suggested five potential third-party liquidators and

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Business News

First Citizens to acquire troubled Silicon Valley Bank – Business News

April 27, 2023

North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.

The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider banking crisis by guaranteeing that depositors in SVB and other failed US banks would be able to access all of their money.

Customers of SVB will automatically become customers of First Citizens, which is headquartered

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Business News

Is oatmeal anti-inflammatory? A list of anti-inflammatory foods

April 15, 2023

We may earn money or products from the companies mentioned in this post.

A list of Anti-inflammatory foods to help aid in digestion and other bodily processes

Believe it or not, inflammation is one of the most common reasons behind minor aches and pains that we experience on a daily basis. Things such as headaches, sore joints, back pain and even toothache can all be attributed to inflammation as the main cause of concern and likely the culprit behind your discomfort. For that reason, I feel it is important to research and report on what healthy foods we can eat

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Business News

St. Louis sues Kia, Hyundai over rash of car thefts – Business News

April 9, 2023

A federal lawsuit filed Monday by the city of St. Louis accuses automakers Kia and Hyundai of failing to install industry-standard anti-theft technology, resulting in thousands of vehicle thefts in the Missouri city.

The lawsuit seeks damages in excess of $75,000 plus punitive damages. St. Louis joined several other cities that had filed similar lawsuits, including Cleveland, Milwaukee, San Diego, Columbus, Ohio, and Seattle.

Kias and Hyundais have been targeted since a TikTok social media challenge put a spotlight on the vehicles’ lack of an immobilizer, showing viewers how to hot-wire cars with a USB cord

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