Google abandons Toronto smart city plan by Sidewalk Labs
Google parent Alphabet unveils that Sidewalk Labs will no longer pursue its 12 acre Toronto waterfront project citing financial infeasibility. The plan had aimed to create a wired community with sensors and driverless shuttles amid privacy concerns from Canadians.
MENTIONED IN THIS ARTICLE
Toronto
Google
Alphabet
Waterfront
Sidewalk Labs
Dan Doctoroff
Waterfront Toronto
Jobless aid claims surge to 33 million nationwide
U S jobless claims rose to nearly 3.2 million last week as coronavirus shutdowns deepen the recession. About 33.5 million have filed for aid in seven weeks, with 22.7 million now receiving benefits and unemployment rates forecast to hit record highs. Hispanics, Blacks, and less educated workers face the greatest losses.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Maine
New Jersey
Oklahoma
Associated Press- Norc Center For Public Affairs Research
Neiman Marcus files for Chapter 11 bankruptcy protection
Neiman Marcus, the 112 year old luxury department store chain, filed for Chapter 11 in New York as the first major department store to seek court protection during the COVID 19 crisis. The Dallas company secured 675 million in debtor in possession financing and aims to emerge from bankruptcy by fall, with about 43 stores temporarily closed and 10 reopened for curbside pickup. The move affects owners including Ares Management and the Canada Pension Plan Investment Board which bought the group in 2013 for 6 billion.
MENTIONED IN THIS ARTICLE
New York
Neiman Marcus
J.crew
Texas
Florida
Neiman Marcus Group
Geoffrey van Raemdonck
Ares Management
Canada Pension Plan Investment Board
Union Square
San Francisco
Eric Risberg
Illinois nursing home strike averted with wage raise deal
A tentative two year pact with the Illinois nursing home industry raises starting pay to at least 15 per hour and adds $2 per hour COVID 19 bonus pay through the stay at home order. The agreement covers about 10 000 employees in 44 facilities with 20 more to join next week.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Service Employees International Union Healthcare Illinois Indiana
Illinois Association of Health Care Facilities
Bob Molitor
The
Alden Network
U.S
Associated Press
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Greg Abbott
Dallas
Abbott
Shelley Luther
Luther
Cape Town
South Africa
SAB
Enca
India
Thailand
Panama
Sri Lanka
Illinois Department of Employment Security
ADP
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