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205 Results / Page 5 of 23

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Coinbase
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Business & Lifestyle

Coinbase to lay off more than 900 employees

Coinbase, the first crypto exchange to be publicly traded, blamed "market conditions" for its move and said it will incur $149 million to $163 million in restructuring efforts, including severance packages and termination benefits. SAN FRANCISCO (UPI) -- Coinbase, one of the world's top cryptocurrency trading platforms, announced Tuesday it will be laying off more than 900 workers in the face of slowing global interest in digital currencies. The company, the first crypto exchange to be publicly traded, blamed "market conditions" for its […]

todayJanuary 12, 2023 26

AEW
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AEW News

Warner Bros. Discovery: New AEW projects are in the works

NEW YORK -- An executive with Warner Bros. Discovery is confirming that there are other shows in the works for All Elite Wrestling (AEW). The executive, Kathleen Finch, confirms in a report that other "shoulder" AEW shows are in the works. Currently, Warner Bros. Discovery airs AEW Dynamite on TBS and Rampage on TNT, channels that are among their portfolio. There have been discussions involving Ring of Honor Wrestling, but nothing has come from those conversations. In recent months, Warner […]

todayOctober 13, 2022 5

Frontier
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Missouri

Frontier to add nonstop flight to Jamaica

New route to start in early 2023

Beginning in February, people flying out of Lambert International Airport in St. Louis will be able to book nonstop flights to Montego Bay, Jamaica. ST. LOUIS -- Direct flights to Jamaica via Frontier Airlines will start early next year from St. Louis' Lambert International Airport. The flights to Montego Bay were announced by Frontier officials last week. The nonstop flights will be a seasonal offering beginning in February. “We are eager to see Frontier’s seasonal nonstop service to Montego Bay […]

todayOctober 12, 2022 19

Samsung
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Business & Lifestyle

Samsung announces disappointing 3Q results

JH Han, vice chairman and CEO of Samsung, speaks on stage during the Samsung press conference at the 2022 International CES, at the Mandalay Bay Convention Center in Las Vegas January 4. SEOUL (UPI) -- South Korea's Samsung Electronics announced Friday that its third-quarter operating profit is expected to be $7.66 billion, down a whopping 31.7% from a year ago. It's the lowest profitability level for the company since the first quarter of 2021 and falling short of the $8.3 […]

todayOctober 12, 2022 17

Illinois American Water Villa Grove
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Business News

Villa Grove sells water, wastewater systems

Systems sold to Illinois American Water for $11 million

VILLA GROVE -- Illinois American Water (IAW) announced on September 22 the acquisition of Villa Grove's water and wastewater systems. The newly acquired systems add approximately 1,489 water and 1,069 wastewater customers to the Company’s eastern Illinois service area. The purchase was at the cost of $11 million. “Our team is excited to serve our new customers in Villa Grove and expand our footprint in Douglas County,” said IAW president Justin Ladner. “Since 2020, we have had the privilege of […]

todayOctober 3, 2022 43

Federal Reserve Jerome Powell
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Business & Lifestyle

Federal Reserve raises interest rate by 0.75%

Federal Reserve Chairman Jerome Powell and members of the Federal Open Markets Committee voted Wednesday to raise the benchmark interest rate by 75 basis points. WASHINGTON (UPI) -- The Federal Reserve raised its benchmark interest rate by 0.75% Wednesday in its latest move to fight the highest inflation in 40 years. The highly anticipated move boosts the federal funds rate to the range of 3% to 3.25% after it remained near zero as recently as March. The Federal Open Market […]

todaySeptember 21, 2022 29

1GWBZe
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Business & Lifestyle

Kraken announces leadership succession plan

CHEYENNE, Wyo. (Business Wire) -- Kraken, one of the world’s leading crypto platforms, today announced that COO Dave Ripley will succeed co-founder and CEO Jesse Powell. Powell will become chairman of the board of directors. Ripley will assume the role of CEO after Kraken completes a COO search. “Dave’s proven leadership and experience give me great confidence that he’s the ideal successor. [He is] the best person to lead Kraken through its next era of growth,” said Powell. “I look […]

todaySeptember 21, 2022 20

Dow Jones U.S. markets
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Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

todaySeptember 14, 2022 21

Google
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Business & Lifestyle

Google spins off Aalyria telecom project

The Google logo is seen on a ceremonial shovel at the Stonewall National Monument Visitor Center groundbreaking in New York City on June 24. Google announced a new telecom spinoff on Monday. MOUNTAIN VIEW, Calif. (UPI) -- A Google spinoff is reimagining an idea formed during its earliest history to provide high-speed Internet to remote areas. The spinoff company, Aalyria, was unveiled Monday. It comprises of some Google employees who were on the original project, named "Loon." The project was […]

todaySeptember 13, 2022 46

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