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Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world

JetBlue and Spirit Airlines are appealing a judge's ruling that is blocking their planned merger

Microsoft says state-backed Russian hackers broke into its corporate email system and accessed accounts of members of the company’s leadership team, as well as those of cybersecurity and legal employees

Spirit Airlines jumped in morning trading Friday after the struggling discount carrier said a strong holiday travel season boosted its fourth-quarter revenue

Niraj Shah said Wayfair's aim is to maximize the company's free cash flow and potentially reduce its total share count. "We went overboard in hiring during a strong economic period and veered away from our core principles," Shah said in a note to employees. Boston-based Wayfair announced rounds of layoffs in 2022 and 2023.

Wayfair is set to cut 1,650 jobs, representing 13 per cent of its workforce, following a recent memo from CEO Niraj Shah that stirred controversy. The memo, leaked to the media, urged employees to work longer hours and drew criticism from both workers and the public. Wayfair, known for its home goods and furniture offerings, has faced several rounds of layoffs in recent years as the furniture market cooled off post-pandemic. The Boston-based company, which had approximately 14,000 employees as of early 2023, cited the need to align with its core principles and address past overhiring as reasons for the latest job cuts. In the leaked memo, Shah acknowledged the company's recent successes, including a 3.7 per cent increase in sales to $2.9 billion for the quarter ending Sept. 30, 2023. However, he emphasized the need for employees to be «more aggressive, pragmatic, frugal, agile, customer-oriented, and smart» to maintain and further the company's success.

the World Economic Forum in the snow-clad resort came to an end on Friday, emergence of artificial intelligence, never-ending geopolitical tensions, and the outcome of what's in store when half of the world's population is going to elect a new government this year, including in India and the US, dominated the Swiss Promenade talks. But for the outcome of the summit as Rich Lesser, chairman of Boston Consulting Group, said, “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions".

Investing.com -- Shares in Wayfair (NYSE:W) jumped in premarket U.S. trading on Friday after the online furniture and home goods seller announced it will cut about 13% of its workforce as part of an effort to revamp the business.

The storm is predicted to be bringing 1-3 inches of snow to the Northeast and Midwest, with certain regions getting 3-6 inches or more snow by Friday night as per AccuWeather.

The prospect of a JetBlue-Spirit Airlines merger has taken a major hit in court

What's next for Spirit Airlines, now that it won't be merging with JetBlue

Europe’s trade relationships are set to suffer as global conflicts and protectionism open a chillier chapter in international commerce, hitting growth on the continent. Trade is now growing at a slower pace than the world economy, marking a fundamental shift away from the trade-centric globalism prevalent since the end of the Cold War, Boston Consulting Group said in a report published this month. The slowdown is due to rising protectionism, including in China, and increased disruptions from conflict, BCG said.

A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition

Uber is shutting down alcohol delivery app Drizly, the company confirmed this week, just under three years after acquiring the platform for $1.1 billion

By Nandita Bose

Massachusetts Attorney General Andrea Campbell announced a $3.5 million settlement with the online food delivery service platform Grubhub

From electric cars to transparent TVs to the latest accessibility tech and virtual assistants backed by artificial intelligence, there was a wide range of innovations on display at the CES tech show in Las Vegas this week

Circle Internet Financial, the company behind stablecoin USDC, said on Thursday that it had confidentially filed for a US initial public offering as part of plans to become a publicly-traded company. Circle did not disclose the number of shares it plans to sell or the proposed price range for its new IPO filing.

Online retailer eBay has agreed to pay a $3 million fine to resolve criminal charges over employees who harassed a Massachusetts couple by sending live spiders, cockroaches and other disturbing items to their home

By Nate Raymond

By Elizabeth Howcroft and Hannah Lang