Dozens of Microsoft employees have signed a letter protesting the company’s $480 million contract to supply the U.S. Army with augmented reality headsets intended for use on the battlefield. Under the terms of the deal, the headsets, which place holographic images into the wearer’s field of vision, would be adapted to “increase lethality” by “enhancing
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JPMorgan Chase is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some
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Check out the companies making headlines midday Friday: Kraft Heinz — Shares of Kraft Heinz plummeted 27.46 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut
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Stamps.com threw USPS under the bus, dissolving the companies’ longtime partnership, because it’s betting big on Amazon‘s success in shipping and logistics. The company revealed Thursday it revoked the exclusivity stipulation of its deal with USPS, ultimately spurring the complete termination of its partnership. And it championed Amazon’s foray into the shipping space, as reported
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SOURCE: Urban Insitute analysis of jobs listings data provided by Snag. Data visualization provided by the Urban Institute. When low-wage workers can’t connect to jobs, families have to deal with persistent unemployment, said Christina Plerhoples Stacy, a senior research associate at the Urban Institute. Local economies suffer, too. “Employers in fast-growing neighborhoods and cities are
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Check out the companies making headlines before the bell: AutoNation – The car retailer reported adjusted quarterly profit of $1.10 per share, 4 cents a share shy of estimates. Revenue also came in below analysts’ forecasts. Separately, the company announced that CEO Mike Jackson will step down March 11 and become executive chairman. He’ll be
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Jefferies upgraded Citigroup’s stock to buy from hold on Friday, saying the bank is headed toward revenue growth this year, as well as added benefits from growth in its Latin America business. “We upgrade … given above consensus EPS estimates, a better understanding of the important [Latin America] story, and a still-attractive valuation,” Jefferies said
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