Categories
Idaho

In Idaho, a Dutch Bros employee tested positive for coronavirus

Meridian, IDAHO-Two days ago a Dutch Bros employee tested positive for COVID-19, the coffee chain confirmed to KTVB Today. The employee worked at the Dutch Bros at 37 East Calderwood in Meridian. The store has been shut down and will remain closed until it can be fully sanitized, according to the company. Dutch Bros said […]

Categories
Investments National Technology

Palo Alto Networks to Acquire CloudGenix for $420M

Earlier today, Palo Alto Networks announced its $420 million (in cash) acquisition of Cloud Genix. “As the enterprise becomes more distributed, customers want agile solutions that just work, and that applies to both security and networking. Upon the close of the transaction, the combined platform will provide customers with a complete SASE offering that is […]

Categories
Americas Industries Markets National Technology

VISA reports “rapid deterioration of cross-border travel related spending”

Visa Inc (NYSE:V), an American financial services corporation headquartered in Foster City, California, announced a “meaningful deterioration in volume and transaction trends in the second half of March” due to coronavirus related social distancing, shelter-in-place or total lock-down orders. “As the virus has spread in the last few weeks, the impacts we saw in Asia […]

Categories
Industries National

Six Flags to reduce salaries by 25% and remain closed until May 15

Six Flags (SIX -NYSE) an amusement park corporation, headquartered in Grand Prairie, Texas, announced today that all the company’s parks will remain closed until the mid-May. In the message to investors and employees dated March 30, 2020 Six Flags CEO Mike Spanos said that the company “decided to decrease salaries rather than implement a workforce […]

Categories
Idaho Markets National Retail

Macy’s to furlough 100,000+ employees

After temporarily closing its stores nationwide in response to COVID-19 outbreak, Macy’s today issued a statement saying that they lost the majority of their sales due to the store closures. “Our top priority is the health and safety of our customers, colleagues and communities during this unprecedented crisis. All of our stores have been closed […]

Categories
Entrepreneurs Eurozone Markets

B&Q to furlough staff beginning this Thursday

Accodring to the post by a hardworking, loyal employee of B&Q (owners of diy.com), multinational DIY and home improvement retailing company headquartered in UK started sending furlough notices to its employees. CEO of B&Q Graham Bell sent the following message to the employees of B&Q. According to this employee “criteria to be part of the […]

Categories
National

Farmer Brothers to furlough 50% of its workforce and accelerate e-commerce side of the business.

Farmer Brothers (FARM -NASDAQ) an American coffee foodservice company based in Northlake, Texas, is eliminating positions across the organization and is implementing a furlough program for approximately 50% of its remaining workforce. In the message to investors and employees dated March 30, 2020 Farmer Brothers CEO Deverl Maserang talks about state of the economy and […]

Categories
Investments Markets National

Mesa Airlines under investigation over “possible violations of federal securities laws”

Mesa Air Group, Inc. (NASDAQ : MESA), an American airline company headquartered in Phoenix and a holding company for Mesa Airlines is reportedly under investigation over its third quarter 2019 financial results. Following is the press release from Rosen Law Firm on this matter. On August 9, 2018, Mesa conducted its initial public offering (“IPO”), […]

Categories
Industries Investments Markets National

United Airlines CEO in the letter to employees:”we expect demand to remain suppressed for months, possibly into next year”

United Airlines (NASDAQ:UAL) a major American airline headquartered in Chicago, is taking the measures to cut the spending caused by the coronavirus lockdown. In the Letter to employees from March 27, 2020 United CEO Oscar Munoz together with President ,J. Scott Kirby talks about state of the economy, compares the situation with 9/11,promises not to […]

Categories
Industries National

American Airlines CEO to employees:”We’ve never experienced anything quite like this, but demand will return”

American Airlines Group CEO Doug Parker and Robert Isom (president of American Airlines Group and American Airlines) updated their employees and team members on coronvirus response in the letter dated March 26. They covered current state, stimulus package (bailout bill) and Besides this letter Doug Parker sent a separate video message to all employees. First […]