Tag: business news magazine

Magnitude 7.1 quake hits remote Pacific, no tsunami threat – World News

7.1 quake hits Pacific

The Associated Press – | Stories: 422964

A magnitude 7.1 quake struck in a remote part of the Pacific Ocean on Monday but did not appear to generate a tsunami.

The quake struck near the Kermadec Islands about 900 kilometers (560 miles) northeast of New Zealand’s North Island at a depth of 49 kilometers (30 miles), according to the US Geological Survey.

The Pacific Tsunami Warning Center said the quake posed no threat to Hawaii and the wider Pacific. A localized potential for a tsunami passed without any

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I Don’t Have an Estate Plan…Right?

Whether or not you have a written estate plan, you do have an estate plan. The laws of the state in which you reside will make decisions about your estate if you do not have a written plan.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

If you don’t have a written estate plan, it is essential to know what the intestacy laws of your state are so that you know what will happen to your assets if

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BuzzFeed will close news division

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15 percent of its staff across the company, adding to layoffs made earlier this year.

BuzzFeed has approximately 1,200 total employees, according to a recent regulatory filing.

In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams. BuzzFeed is also considering making job cuts in international markets.

Peretti said in a memo to staff that he “made the decision to overinvest” in the

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Richard Branson’s Virgin Orbit slashing 85% of its workforce – Business News

Virgin Orbit slashes jobs

The Associated Press – | Stories: 418880

Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission.

The company, headquartered in Long Beach, California, will cut 675 jobs, about 85% of its workforce, according to a Friday filing with the US Securities and Exchange Commission.

Earlier this month Virgin Orbit said that it was pausing all operations amid reports of possible job cuts. At the time

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Adidas decides to abandon the trademark complaint with Black Lives Matter

Sportswear maker Adidas AG on Wednesday reversed course 48 hours after asking the US Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes.

“Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement.

A source close to the company said the rapid about-turn was triggered by concerns that people could misinterpret Adidas’s trademark objection as criticism of Black Lives Matter’s mission.

Adidas had told the trademark office in a Monday filing that the Black Lives Matter Global Network

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Riskiest scams in Canada ranked by Better Business Bureau

A new report from the Better Business Bureau (BBB) ​​says the riskiest frauds in Canada are home improvement scams and cryptocurrency scams, followed by advance fee loan scams.

The organization, which advocates for education to protect consumers, says home improvement scams were the riskiest in 2022, up from the fourth-riskiest ranking in 2021.

According to the report published March 6, 1,291 scams were reported by Canadian consumers to the BBB Scam Tracker in 2022. The overall median dollar loss reported was $300, a 20-per-cent increase from the 2021 median dollar loss of $250.

More people were being targeted by websites,

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Nordstrom closing all of its Canadian stores, cutting 2,500 jobs – Business News

Nordstrom to leave Canada

The Canadian Press – | Stories: 414122

Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country.

The Seattle-based retailer has six Nordstrom and seven Nordstrom Rack stores in Canada, which

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Company planning to make COVID vaccine in Canada warns it could fold

Novavax lost more than $600 million last year

The Canadian Press

Jacob Serebrin

Published March 02, 2023 • Last updated Mar 02, 2023 • 3 minute read

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Scientists examine a step in the vaccine purification process
Scientists examine a step in the vaccine purification process as they design updates to Novavax’s COVID-19 shots at the company’s research laboratory in Gaithersburg, Md. Photo by Angie Wang/The Associated Press

MONTREAL — An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business

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