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Business

Shareholders approved a merger that would create a new aerospace and tech tech giant

United Technologies CEO Greg Hayes and Raytheon CEO Tom Kennedy on the long-term impact of the merger deal. Aerospace United Technologies company and defense contractor Raytheon have moved one step closer to becoming the second largest aerospace company as shareholders have approved the merger of the two businesses. The companies jointly announced Friday that shareholders had "voted overwhelmingly" to approve …

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Amazon eliminated three delivery companies that were publicly linked to the death

Reports last month described how micromanages were in the delivery process, where drivers were forced to hit delivery quotas of up to 300 packages in a single transfer. Despite the stringent requirements (in an eight-hour workweek, which translates to completing about one-and-a-half deliveries per minute) the arrangement places responsibility for drivers' accidents or their direct employer – not Amazon. BuzzFeed …

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Why many companies bail out Facebook's Libra at once

When Libra was launched on June 18, it seemed like a disturbing new front for Facebook's megalomaniacal expansion. Having gained billions of users and tens of billions of dollars in annual revenue, the company will now take the money itself. The head of blockchain company David Marcus, laid out his plan for Libra in a detailed white paper, with some …

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Amazon delivery contractors are announcing upwards of 2,000 solos

A slew of Amazon service delivery partners (DSPs) across the country have been announced by this month's disappearances. Business Insider has learned that Letter Ride, an Amazon DSP, employs nearly 900 workers in California and Texas. These companies deliver Amazon packages to customers' homes. Many outlets have previously reported layouts in Georgia, North Carolina, Ohio, Texas, Massachusetts, and Connecticut after …

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Subaru recalls some Forester vehicles due to airbag issue | News

Subaru is recalling more than 350,000 Forester vehicles with heated seats because an electrical connection in the front passenger seat may loosen and deactivate the airbag even though the seat is occupied. Subaru said the recall includes Forester vehicles from 2015 to 2018. The automaker will notify vehicle owners and dealers to inspect the occupant detection system mat harness and …

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Amazon to open 500-job fulfillment center near Chicago

Amazon has revealed what's on sale for Prime Day. Amazon has revealed what's on sale for Prime Day. CHANNAHON, Ill. – Amazon has announced plans to open a fulfillment center in suburban Chicago, creating more than 500 new, full-time jobs starting at $ 15 an hour with comprehensive benefits. The online retailer said Friday the more than 1 million-square-foot (90,000-square-meter) …

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Uber moves into on-demand grocery delivery with the acquisition of Cornershop

Uber is making moves in the highly competitive world of online grocery deliveries with the acquisition of a startup called Cornershop. The deal, for an undisclosed sum, will strengthen the company's efforts to expand businesses outside of the basic ride-hailing service. Cornershop, founded in 2015, is currently active in Chile, Peru, Mexico, and Canada, and is headquartered in Santiago. In …

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