Business

Dec

18

2021

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By Troy Warren

Delta unveils Team USA jet as part of Olympic sponsorship

BusinessBusiness, DeltaAirlines

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT #Business In a bid to raise its stature as a global carrier by becoming a major Olympic sponsor, Delta Air Lines on Friday unveiled a plane marking its new role as the official airline of Team USA. The new Airbus A330-900 shown off at Hartsfield-Jackson International Airport is emblazoned with “TEAM USA” in blue letters on the sides of the fuselage. Atlanta-based Delta supplanted rival United Airlines, which was Team USA’s official airline for about 40 years. Delta will fly U.S. athletes to the Olympics for the next eight years — to Beijing in…

Dec

17

2021

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By Troy Warren

Holiday shipping rush putting UPS, FedEx, USPS to the test

Business, In The News, LifestyleBusiness, FEDEX, HolidayShipping, Lifestyle, UPS, USPS

By Kelly Yamanouchi - The Atlanta Journal-Constitution Michael E. Kanell - The Atlanta Journal-Constitution Troy Warren for CNT #Lifestyle #Business A labor shortage, supply chain crisis and increased reliance on online shopping during the pandemic promise to make this holiday season one of the biggest tests for shipping giant UPS and its competitors. Shipping firms faced monumental challenges this year, as companies everywhere struggled to hire enough workers.UPS, for instance, started ramping up staff months ago with the aim of hiring 100,000 seasonal employees, but itswebsite early Friday afternoon still showed more than 2,000 seasonal job listings. Companies also faced supply chain snarls. Some of those have eased, but…

Dec

17

2021

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By Troy Warren

Supply shortages and emboldened workers: A changed economy

BusinessBusiness, EditorsPicks, SupplyChain, SupplyShortages

By PAUL WISEMAN and DEE-ANN DURBIN, Associated Press Troy Warren for CNT #Business #EditorsPicks The global economy hadn’t experienced anything like this for decades Employees at a fast-food restaurant in Sacramento, California, exasperated over working in stifling heat for low wages, demanded more pay and a new air conditioner — and got both. Customer orders poured in to an Italian auto supplier, which struggled to get hold of enough supplies of everything from plastic to microchips to meet the demand. A drought in Taiwan magnified a worldwide shortage of computer chips, so vital to auto and electronics production. The global economy…

Dec

16

2021

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By Troy Warren

Ousted McDonald’s CEO returns $105M after misconduct

Business, Editors Picks, In The NewsBusiness, EditorsPicks, McDonalds

By DEE-ANN DURBIN, Associated Press Troy Warren for CNT #Business #EditorsPicks Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive. “During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” Easterbrook said in a prepared statement issued Thursday by McDonald’s. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for…

Dec

15

2021

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By Troy Warren

Coworking offices hope for COVID-19 rebound

BusinessBusiness, CoWorkingOfficeSpace

By Andy Peters, The Atlanta Journal-Constitution Troy Warren for CNT #Business But uncertainty remains, with omicron posing latest hurdle Quinton Myers expects his payments company, Appetize, to double its Atlanta-based staff from 14 to 28 in the next few months to handle a surge in business. To make room for his future colleagues, but also stay flexible, the company avoided a traditional multiyear lease. Instead, it opted to rent a larger space at the Colony Square location of WeWork, a coworking office. “We can always upgrade and alter our space whenever we need it,” said Myers, Appetize’s director of client services. In…

Dec

14

2021

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By Troy Warren

Vox Media, Group Nine Will Merge, Forming Digital Media Giant

Business, DigitalBusiness, Digital, VoxMedia

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business #Digital Vox CEO Jim Bankoff would run the combined company, which would own New York magazine, PopSugar, The Verge, Vox and Thrillist. Two of the biggest players in digital media are merging. Vox Media — which owns New York magazine, Vox.com, Eater, The Verge and SB Nation — and Group Nine Media — which counts Thrillist, The Dodo, NowThis and PopSugar among its properties — have signed a deal to join forces, the companies said on Monday. Financial details weren’t disclosed, the deal is expected to close in early 2022. The deal would see Vox Media…

Dec

13

2021

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By Troy Warren

Delta investing $1.2 billion in three foreign partner airlines

BusinessBusiness, DeltaAirlines

By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT #Business Delta Air Lines is re-upping its investments in its international partner carriers that have filed for bankruptcy during the COVID-19 pandemic. The value of Delta’s billions of dollars in investments in the three carriers were zeroed out due to those foreign carriers’ bankruptcy filings. Now Atlanta-based Delta is investing another combined $1.2 billion in its partners Virgin Atlantic, Aeromexico and LATAM as they emerge from bankruptcy restructurings. Delta said Monday its investment will maintain its 49% equity stake in U.K.-based Virgin Atlantic and that it aims to have a 20%…

Dec

12

2021

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By Troy Warren

Companies rethink return-to-office plans amid omicron cases

BusinessBusiness, OmicronVariant

By ANNE D'INNOCENZIO, Associated Press Troy Warren for CNT #Business NEW YORK (AP) — Companies of all sizes are rethinking their plans to send workers back to the office as the new omicron variant adds another layer of uncertainty. Alphabet’s Google and the nation’s second-largest automaker Ford Motor Co. are among those once again delaying their return-to-office plans, while other businesses whose employees have already returned are considering adding extra precautions like requiring masks. Officials in the United Kingdom, Denmark, Norway and Sweden also have asked people in recent days to work from home if they can because of concerns about…

Dec

11

2021

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By Troy Warren

Netflix Wants to Own Online News About Its Content, Too

Business, DigitalBusiness, Digital, Netflix, Tudum

BY MIA GALUPPO | HollywoodReporter.Com Troy Warren for CNT #Digital #Business A new website, Tudum, will host news like renewals and consumer content about series and films, marking the latest editorial effort by the streaming giant. Netflix is aiming to boost its growing editorial efforts with the launch of a new website titled Tudum, the name being a further riff on the sound that accompanies the company’s logo when subscribers open the streaming site. The new website shares its name with what the company billed as a “global fan event”that took place in September. It offered exclusive first looks and interviews covering its series…

Dec

09

2021

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By Troy Warren

Alex Taylor to succeed Jim Kennedy as Cox Enterprises chairman

BusinessAlexTaylor, Business, CoxEnterprises, JimKennedy

By J. Scott Trubey, The Atlanta Journal-Constitution Troy Warren for CNT #Business Taylor already CEO; Kennedy to remain as a director Jim Kennedy, the longtime chairman of Atlanta-based Cox Enterprises, announced Wednesday he will step down as the board’s top officer at the end of the year, passing the baton to the next generation of family leadership. In an email to Cox employees, Kennedy said Alex Taylor, the company’s president and CEO, also will assume the role of chairman starting Jan. 1. Kennedy will remain a voting member of the Cox board as chairman emeritus. He will also remain the chairman…

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