Business

Bombardier plunges on new gash to forecast as rail run worsens – BNNBloomberg.ca
Business

Bombardier plunges on new gash to forecast as rail run worsens – BNNBloomberg.ca

Bombardier Inc. (BBDb.TO) plunged after lowering its 2019 financial forecasts because of new costs in its troubled rail-equipment division. Additional outlays of as much as $300 million are needed to complete late-stage train projects and meet delivery schedules, Bombardier said in an earnings release Thursday. The company predicted free cash flow usage of $500 million,…

Lowe’s cuts store jobs as it seeks to outsource staff – WTHR
Business

Lowe’s cuts store jobs as it seeks to outsource staff – WTHR

Published: Aug 2nd, 2019 – 12:34am (EDT)Updated: Aug 2nd, 2019 – 12:37am (EDT)Lowe’s Cos. is laying off thousands of employees at its U.S. stores as it outsources some of their duties to outside companies.The home-improvement chain, based in Mooresville, North Carolina, declined to say exactly how many employees were affected. But The Wall Street Journal…

DoorDash Is Acquiring Food Shipping Carrier Caviar From Sq. for $410 Million – Gizmodo
Business

DoorDash Is Acquiring Food Shipping Carrier Caviar From Sq. for $410 Million – Gizmodo

Photo: Tibrina Hobson (Getty)DoorDash, the delivery service known for screwing over its delivery workers with an elaborate tip-skimming scheme, is reportedly acquiring upscale food delivery platform Caviar in a deal valued at $410 million.Caviar’s parent company Square announced the news during its second-quarter earnings on Thursday. According to its Q2 shareholders letter, the multimillion-dollar sale…

Lowe’s Layoffs 2019: 1000’s Fired As Company Keeps Slashing Costs – Global Enterprise Occasions
Business

Lowe’s Layoffs 2019: 1000’s Fired As Company Keeps Slashing Costs – Global Enterprise Occasions

Lowe’s Companies, Inc., the world’s second-largest hardware chain behind The Home Depot, has laid off thousands of its full-time employees and replaced them with contractual workers.Lowe’s refused to specify how many thousand employees lost their jobs this time or which stores will be affected by these job losses. It currently has 1,725 stores throughout the…

Hacker Accused of Capital One Breach Threatened to ‘Shoot Up’ Social Media Company, Prosecutors Enlighten – Gizmodo
Business

Hacker Accused of Capital One Breach Threatened to ‘Shoot Up’ Social Media Company, Prosecutors Enlighten – Gizmodo

Image: Drew Angerer (Getty)The individual suspected of being behind the massive Capital One data breach that compromised the data of an estimated 106,000 million people has been accused in a court filing of threatening to “shoot up” a California-based social media company and cause harm to herself and others. The allegations surfaced in a filing…


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