Despite deep unemployment, some employers still can’t hire fast enough
Even as some job sectors remain in free fall, others are not only already bouncing back, but, in some cases, can't hire enough people.
Boeing admits a new manufacturing flaw on the 787 and tallies more 737 MAX cancellations
Boeing disclosed a new manufacturing quality issue, this time with assembly of the 787's horizontal tail in Salt Lake City. And the tally of lost MAX orders this year is approaching 1,000 jets.
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Boeing 737 MAX
Retail
Walmart will raise wages for 165,000 employees
Walmart, the nation’s largest private employer, said Thursday that it was raising wages for 165,000 of its workers, as it revamps leadership roles in its stores. The pay increases, which will affect about 11% of the company’s U.S. employees, come as Walmart is undergoing a transformation to a more digitally focused retailer and seeks to...
Amazon
Fraud ring bribed Amazon employees for better online sales, feds allege
At least 10 Amazon employees took bribes to help third-party merchants boost sales on the company's website, according to a federal indictment filed Friday.
Microsoft
TikTok chooses Oracle as U.S. 'technology partner,' rejecting Microsoft
Oracle emerged late Sunday as the surprise victor in wooing short-term video app TikTok, which is proposing a compromise to the Trump administration that would allow it to potentially keep its current ownership, according to people familiar with the discussions. The people, who spoke on the condition of anonymity to discuss the deliberations freely, said...
Economy
The latest frontier in worker activism: Zoom union organizing
Carolina Rodriguez said she had never thought much about joining a union until a co-worker lost his job. The colleague, a fellow teacher at a charter school system in San Jose, told Rodriguez that his contract had not been renewed, and he feared it was in retaliation for speaking out about a pay issue. Although...
Markets
SEC requires Seattle e-sports platform Unikrn to repay funds raised in crypto deal
The $6.1 million fine represents substantially all of Unikrn's assets, but CEO Rahul Sood says the company will continue operating.
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Israeli and Emirati film industries to cooperate after deal
DUBAI, United Arab Emirates (AP) — Film agencies in Israel and the United Arab Emirates announced an agreement Monday to collaborate on television production, the latest development to follow a U.S.-brokered deal between the countries to normalize relations. The Abu Dhabi Film Commission, an Emirati government agency, said it reached an understanding with the Israeli...
