Stock Alert: MTS Systems Corporation Up 15% On Earnings
Apple To Open Second Store In Thailand
Apple said that it will open its second store on Friday in Bangkok, Thailand. The new store is located next to the CentralWorld shopping mall.
The first store in the country, the IconSiam outlet, was opened in 2018.
Recently, Apple opened its new Sanlitun store in China that replaced the company’s first store in that country.
The new store in Bangkok is a two-floor circular structure, with a central spiral staircase. The store’s design includes many of the company’s latest features, including a Forum, Boardroom, and freestanding displays. Centered around a Video Wall, the Forum will be home to future Today at Apple sessions with some of Bangkok’s greatest artists, musicians, and creatives, Apple said in a statement.
Local businesses and entrepreneurs can get personal advice and guidance from the Apple team in the store’s Boardroom, the company said.
According to the company, the new store will open with thorough health and safety measures seen across all Apple Store locations for both employees and visitors, including a mask requirement, temperature checks, and social distancing. More than 130 new team members speaking 17 languages will welcome customers.
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New York (CNN Business)Booking Holdings plans to lay off 25% of its global workforce as a result of the downturn in travel demand caused by Covid-19.
The proposed layoffs at its Booking.com unit, which amounts to roughly 4,000 employees, will begin in September after it finishes consulting with “works councils, employee representatives and other relevant organizations,” the company said in a regulatory filing.
“The Covid-19 crisis has devastated the travel industry, and we continue to feel the impact as travel volumes remain significantly reduced,” a Booking spokesperson said in a statement. “While we have done much to save as many jobs as possible, we believe we must restructure our organization to match our expectation of the future of travel.”
The conglomerate owns a number of websites that have been hit by the drop-off in travel, including Booking.com, Kayak, Priceline and OpenTable.
With fewer people traveling, Booking is the latest company to cut jobs. Airbnb and TripAdvisor both slashed their staffs by 25% in the spring, and Expedia CEO Peter Kern recently said the “second quarter of 2020 represented likely the worst quarter the travel industry has seen in modern history.”
Booking Holdings releases its second quarter earnings Thursday.
Rep. Katie Porter Knows She’s Not the ‘Typical Congress Member’: ‘My Life Does Not Look Like Yours!’
"She is relentlessly who she is, and she is not going to change, nor should she, for this world," Porter's campaign manager, Erica Kwiatkowski, told Elle.
So much so, Porter wasn't even fazed by stepping in "dog poo" during her interview.
"I just think there are a lot of my colleagues who would never admit that they ever — in their whole life—stepped in dog poo," she said. "And it’s like, Who hasn’t? I don’t think we get anywhere trying to separate ourselves from the American people.”
New York City's top health official Dr. Oxiris Barbot resigns amid pandemic response
New York City's top health official Dr. Oxiris Barbot, who led the city's response to its coronavirus outbreak, resigned on Tuesday after months of discord with the mayor's office and the city's police department.
"As I shared with the Mayor, your world class skills are what make this agency so respected around the globe. Your experience and guidance have been the beacon leading this city through this historic pandemic and that to successfully brace against the inevitable second wave, your talents must be better leveraged alongside that of our sister agencies," Barbot wrote in a statement to the city's Department of Health employees.
Some of the city's police unions called on Barbot to resign earlier in the city's response to the pandemic, accusing the city's health commissioner of rejecting a request from the New York Police Department for more personal protective equipment. Barbot later acknowledged she had an argument with the NYPD about PPE and apologized for the incident, according to NBC New York.
She will be replaced by Dr. Dave A. Chokshi as commissioner of the City's Department of Health and Mental Hygiene, according to Mayor Bill de Blasio's office.
This is a developing story. Please check back later for updates.
Stock Alert: MTS Systems Corporation Up 15% On Earnings
Shares of advanced test systems, motion simulators, and precision sensors provider, MTS Systems Corporation (MTSC) are rising more than 15% after reporting better-than-expected third-quarter results.
The company reported third-quarter adjusted earnings of $0.44 per share, beating the average estimate of analysts polled by Thomson Reuters at $0.26.
Revenue for the quarter was $196.2 million, a decline of 15.5% over the prior year, reflecting the global impact of the COVID-19 pandemic. The consensus estimate was at $195.64 million.
MTSC is currently trading at $21.92. It has traded in the range of $13.15- $63.31 in the last one year.