Amazon tells warehouse workers they can take extra time to wash hands

Amazon tells warehouse workers they can take extra time to wash hands

Amazon’s New York warehouse workers can take extra time to wash their hands during the coronavirus pandemic without being punished, the company said. Employees at the e-commerce juggernaut’s Staten Island facility recently received an email telling them that they won’t be disciplined for not hitting their productivity goals, following months of protests and a lawsuit … Read more

Apple asks retail employees to work remotely as pandemic rages on

Apple asks retail employees to work remotely as pandemic rages on

Apple is asking its retail employees to help serve customers from home as the coronavirus pandemic continues to make a full reopening look unlikely any time soon. In a video recorded over the weekend, Apple’s retail chief Dierdre O’Brien encouraged employees to get comfortable helping customers over the phone. “If your store is closed, please … Read more

JPMorgan Chase beats estimates, but second quarter profits plunge

JPMorgan Chase beats estimates, but second quarter profits plunge

JPMorgan Chase’s second quarter earnings beat analyst expectations, but its profits plunged 51 percent as the coronavirus pandemic weighed on big banks. The mega-bank on Tuesday reported net income of nearly $4.7 billion from April through June, down from about $9.6 billion in the same period last year. Its earnings per share of $1.38 were … Read more

Sheltering in place lifts PepsiCo’s snack sales

Sheltering in place lifts PepsiCo's snack sales

PepsiCo provided an upbeat start to the second-quarter earnings season on Monday. While revenue at the food and drink giant’s North American beverage division dropped 6.6 percent, to $4.97 billion, thanks in part to restaurant shutdowns, the company saw a positive 6.6 percent surge in its snack division as consumers sheltering in place devoured more … Read more

Tesla stock soars as S&P 500 inclusion appears imminent

Tesla stock soars as S&P 500 inclusion appears imminent

Shares of Tesla continued their seemingly endless growth on Monday, climbing as much as 14 percent as investors bet on the stock’s possible inclusion in the S&P 500 index. Tesla reports quarterly earnings next week. If it posts a profit that meets generally accepted accounting principles, it will have four consecutive profitable quarters under its … Read more

Southwest Airlines to cut employees unless bookings ‘triple’

Southwest Airlines to cut employees unless bookings 'triple'

Southwest Airlines CEO Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing. Employees face a Wednesday deadline whether to participate in a voluntary incentive program to leave the airline. “Although furloughs and layoffs remain our very last resort, … Read more