Shell is cutting another 2,200 jobs

Royal Dutch Shell (RDSA) is the latest oil company to cut back, announcing 2,200 job losses Wednesday as it attempts to cope with "lower for longer oil." The latest round of cuts brings total job losses at the company to…
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200 New Software Jobs Coming to Midtown

Keysight Technologies and Georgia Tech have announced a plan to launch a Keysight software development center to accelerate Keysight’s transformation into a software-centric solutions provider. Keysight has chartered the center to develop next-generation software for use in the design and…
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Obama Is Bringing Overtime Pay To Millions Of Workers

The Labor Department announced Tuesday that it completed one of the most ambitious economic reforms of the Obama era, finalizing a new rule that will extend overtime protections to millions of additional workers. The administration will accomplish that by raising…
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SBE buys Morgans Hotel Group, Delano in $794M deal

The wave of ownership changes continues in Miami Beach, with the iconic Delano South Beach changing hands later this year after owner Morgans Hotel Group was acquired Monday by hospitality company SBE. In a $794 million deal, SBE acquired Morgans’…
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U.S. employment slows as only 160,000 jobs created in April, joblessness rate at 5.0 percent

The U.S. labor market grew in April at its weakest pace in seven months, new government data showed Friday, as more firms held off on hiring amid anxiety about broader economic weaknesses. Employers added 160,000 new jobs and the unemployment…
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Oracle agrees to buy Arlington energy data firm Opower for $532 million

Arlington-based energy analytics company Opower said Monday that it has struck a $532 million deal to sell itself to computing behemoth Oracle. The deal, slated to close later this year, valued Opower’s shares at a 30 percent premium on Friday’s close. “Big…
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Thousands march for $15 hourly wages across United States

Thousands of low-wage workers marched in New York, Los Angeles and other U.S. cities on Thursday calling for minimum pay of $15 an hour in a cause that has scored major legislative victories in California and New York state in…
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Burberry Profit Setback Caps Luxury Industry’s Dismal Week

Burberry Group Plc reported weaker-than-expected sales and predicted earnings this year at the low end of estimates, sending its stock down the most in six months and capping a dismal week for the luxury-goods industry. In a business climate that Chief…
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