Tag Archives: business

The Associated Press reports: Amazon Web Services suffered a major outage Tuesday, the company said, limiting service at many key and popular sites. The company provides cloud computing services to many governments, universities and companies, including The Associated Press. Amazon said in a post an hour after the outage began that it had identified the root cause and was “actively …

CNN Business reports: Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost retailers face holding down prices during a …

The Associated Press reports: Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic. To limit crowds in stores, retailers last year were forced to turn what had become a weekend shopping blitz into an extended event, with holiday sales beginning as …

CNBC reports: American Airlines has canceled more than 1,000 flights since Friday, disruptions it blamed on staffing problems and high winds at its busiest hub. . American’s COO David Seymour said in a staff note on Saturday that the problems started with high wind gusts on Thursday that cut capacity at its Dallas/Fort Worth International Airport hub and that crew …

The New York Times reports: President Biden will announce on Wednesday that the Port of Los Angeles will begin operating around the clock as his administration struggles to relieve growing backlogs in the global supply chains that deliver critical goods to the United States. Product shortages have frustrated American consumers and businesses and contributed to rising prices that are hurting …

The New York Times reports: Last year, a frantic run on toilet paper that left store shelves bare across the United States became a symbol of the panic that seized Americans in the early days of the coronavirus pandemic. Now, at least one big-box retailer is trying to prevent a repeat of that frenzy as the Delta variant has driven …

CNN reports: New York City began enforcing its Covid-19 vaccine passport program, known as “Key to NYC,” for most indoor activities Monday as part of the city’s broad reopening. Since August 17, the city has required that people age 12 and older show proof they have had at least one Covid-19 vaccine dose for indoor dining, indoor fitness activities and …

Bloomberg News reports: Amazon.com Inc. has a solution for a potentially crippling shortage of delivery drivers: Recruit pot smokers. The company is advising its delivery partners — the mom and pops that operate the ubiquitous blue Amazon vans — to prominently advertise that they don’t screen applicants for marijuana use, according to correspondence reviewed by Bloomberg and interviews with four …

Reuters reports: Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world’s largest companies, that intruders could have the ability to read, change or even delete their main databases, according to a copy of the email and a cyber security researcher. The vulnerability is in Microsoft Azure’s flagship Cosmos database. A research team at security …

The Wall Street Journal reports: Amazon.com Inc. plans to open several large physical retail locations in the U.S. that will operate akin to department stores, a step to help the tech company extend its reach in sales of clothing, household items, electronics and other areas, people familiar with the matter said. The plan to launch large stores will mark a …

The New York Times reports: Vaccinations and federal aid helped lift the U.S. economy out of its pandemic-induced hole this spring. The next test will be whether that momentum can continue as coronavirus cases rise, masks return and government help wanes. Gross domestic product, the broadest measure of economic output, grew 1.6 percent in the second quarter of the year, …

The Verge reports: Uber has more than doubled the number of cities where it delivers groceries, marking the first major expansion of the new service since its launch last year. The company’s on-demand and scheduled grocery delivery is now available in 400 cities, including key markets like New York City, San Francisco, and Washington, DC. Uber’s grocery delivery service got …

The Verge reports: Facebook plans to pay out $1 billion to creators over the next year and a half as part of an effort to court content makers to its many services. The money will be awarded to creators who use Facebook products in different ways: on Facebook, creators can get a cash bonus for running ads on their videos …

Business Insider reports: Jeff Bezos’ reign as Amazon CEO will come to an end on Monday, and he’ll be stepping down as the world’s richest person. He will be retiring from the role at the age of 57 with an estimated $199 billion in wealth, according to Bloomberg’s Billionaire’s Index. The fortune largely consists of his hefty Amazon holdings and …

Reuters reports: The Swedish Coop grocery store chain closed all its 800 stores on Saturday after a ransomware attack on an American IT provider left it unable to operate its cash registers. Hundreds of American businesses were hit on Friday by an unusually sophisticated attack that hijacked widely used technology management software from a Miami-based supplier called Kaseya. According to …

NBC News reports: A successful ransomware attack on a single company has spread to at least 200 organizations, according to cybersecurity firm Huntress Labs, making it one of the single largest criminal ransomware sprees in history. The attack, first revealed Friday afternoon, is believed to be affiliated with the prolific ransomware gang REvil and perpetuated through Kaseya, an international company …

Via press release from Speaker Pelosi’s office: House Republicans are using Pride Month to attack LGBTQ-owned small businesses. Republicans lined up on Tuesday to prevent Congressman Richie Torres’ LGBTQ Business Equal Credit Enforcement and Investment Act from passing on suspension. The bill would help ensure that financial institutions are providing LGBTQ-owned small businesses equal access to credit. 177 Republicans voted …

Bloomberg News reports: Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic drove away shoppers. The Chapter 11 filing in Houston lets Washington Prime stay in business while it restructures its debts in a deal that it reached with certain creditors, according to …

Reuters reports: Meatpacker JBS USA paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement on Wednesday. The subsidiary of Brazilian firm JBS SA halted cattle slaughtering at all of its U.S. plants for a day last week in response to the cyberattack, which threatened …

The New York Daily News reports: After already giving away more than 1.5 million doughnuts to the inoculated since March, the Winston Salem, North Carolina-headquartered doughnut chain has announced it will double the pleasure during National Doughnut Day. On June 4, Krispy Kreme will give two free doughnuts to Americans who have received at least one COVID-19 vaccination shot – …