Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt

Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt
FILE PHOTO: The logo of Swiss logistics group Kuehne + Nagel is seen at its headquarters in Schindellegi, Switzerland October 17, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Freight-forwarder Kuehne+Nagel (KNIN.S) may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview. Kuehne+Nagel, which employs 83,000... Read More

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
NEW YORK (Reuters) – The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief. FILE PHOTO: A Hertz rental car sign is placed outside a rental lot near Detroit Metropolitan... Read More

Large employers push back on U.S. healthcare mergers during coronavirus crisis

Large employers push back on U.S. healthcare mergers during coronavirus crisis
FILE PHOTO: A worker leaves the Boeing Everett Factory, amid the coronavirus disease (COVID-19) outbreak, in Everett, Washington, U.S. March 23, 2020. REUTERS/David Ryder/File Photo (Reuters) – A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the... Read More

U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports

U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports
FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo WASHINGTON (Reuters) – The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus... Read More

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke
WASHINGTON (Reuters) – The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military. FILE PHOTO: Flags of U.S. and China are placed for a meeting between Secretary of Agriculture Sonny Perdue... Read More

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund
NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc (BLK.N) investment fund, including to pay for a Beverly Hills mansion and other luxuries. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16,... Read More

Uber customer claims company won price-fixing suit because arbitrator was scared

Uber customer claims company won price-fixing suit because arbitrator was scared
NEW YORK (Reuters) – An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber’s favor because he was scared. FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration... Read More

United Airlines CEO Kirby’s annual base salary lower than predecessor

United Airlines CEO Kirby’s annual base salary lower than predecessor
FILE PHOTO: United Airlines president Scott Kirby speaks before the departure of the “Flight for the Planet”, the most eco-friendly commercial flight in history of aviation, according to the airline, from O’Hare International Airport to Los Angeles, in Chicago, Illinois, U.S., June 5, 2019. REUTERS/Kamil Krzaczynski (Reuters) – United Airlines Holdings Inc said on Friday it would pay Chief Executive... Read More

Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
FILE PHOTO: Logos of car rental company Hertz are seen outside Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau (Reuters) – Hertz Global Holdings Inc (HTZ.N) is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its... Read More

U.S. agencies ask FCC to rescind Ligado spectrum decision

U.S. agencies ask FCC to rescind Ligado spectrum decision
FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat... Read More