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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Nov 04, 2020
Page
5
Nike confirms through a brief state filing it will eliminate about 700 jobs at its Beaverton area headquarters by early January as part of a broader restructuring. The Oregonian reports the figure could include the previously estimated 500 Oregon layoffs. Nike did not immediately respond.
Exxon Mobil plans to cut about 14 000 jobs including 1900 in the United States signaling a broad industry squeeze dubbed a great compression. Yet Texas shows promise as advanced energy jobs, solar and wind capacity, storage, and corporate demand expand, with Tesla’s 1 1 billion Austin factory and record corporate PPAs boosting the sector.
BRUSSELS The European Union weighs a second phase of legal action against Britain over the Internal Market bill as talks on a post Brexit trade deal stall. A deal must be reached within weeks for the January 1 transition to hold, with fears of a hard Northern Ireland border and potential job losses for EU neighbors.
Ant Group postponed its highly anticipated 34.5 billion IPO after Shanghai cited regulatory changes and disclosure concerns. The suspension halted dual listings in Shanghai and Hong Kong, with Ant saying the Hong Kong debut would wait for regulator guidance. Alibaba founder Jack Ma led talks with regulators amid hopes of spotlighting China’s postpandemic rebound.
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