According to the New York Times, after many employee complaints, United Airlines said it was “pressing the pause button” on a plan to replace its modest monthly bonuses with a lottery system that would have offered large rewards to a few workers at random. Questions: Why were the employees furious and what did they do… Read more »
Posts Tagged: net income
The Economic Downturn Hits J.C. Penney’s Hard
About 600 employees were laid off at the corporate headquarters of J.C. Penney this week. Under the leadership of the new CEO, Ron Johnson, one of its three call centers in Pittsburgh, PA, will also be closed later this year, which eliminates 300 more jobs. Questions: 1. What type of business is J.C. Penney? Research… Read more »
Big News at Amazon: Fulfillment Robots
Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company’s giant network of warehouses. Questions: 1. What other companies use this kind of robot technology? 2. Discuss the trend of Amazon’s fulfillment costs and what they… Read more »
Verizon Posts New Numbers
Verizon Communications on Tuesday reported a net loss of $212 million in the fourth quarter of 2011, despite rising iPhone sales and revenue growth in its wireless business, compared with net income of $4.65 billion in the same quarter a year ago, the company said Tuesday. The loss was primarily because of the impact of… Read more »
Insulting Discounts: The Costa Concordia Saga
The owners of the Costa Concordia are offering survivors of the disaster a 30 percent discount off future cruises as they battle to stave off law suits expected to cost hundreds of millions of pounds. As the body of a 12th victim was found inside the hull of the £370 million, 1,000 ft vessel, survivors… Read more »