• Tue, February 18, 2025

by: Fortune

Southwest to cut 15% of corporate jobs in first-ever layoffs

The layoffs challenge Southwest's philosophy that happy employees would lead to happy customers, profitability and happy Southwest shareholders.

by: Mint

Quality Power IPO Day 3 Highlights: Issue booked 1.29x. Check GMP, key dates, review, subscription status

Quality Power Electrical Equipments IPO price band is set at ₹401 to ₹425 per share. Subscription kicked off on February 14 and closes on February 18. Quality Power operates in the domain of energy transition technology and electrical solutions.

by: Yahoo

"We were prepared, but not ready;" Small business owners recovering from flooding

by: Variety

Angel City FC Names Carmen Bona President of Business Operations, Promotes Julie Uhrman to CEO

NWSL club Angel City FC has hired Carmen Bona as its president of business operations and promoted Julie Uhrman to CEO ahead of the 2025 season.

by: Forbes

How To Protect Your Real Estate And Hard Assets

At its core, asset protection is a meaningful way to safeguard your future and demonstrate care for yourself, your loved ones and the legacy you've worked hard to build.

by: Reuters

EU seeks to 'immediately engage' with LNG suppliers, draft shows

The European Union will consider investing in liquefied natural gas (LNG) projects abroad as part of plans to "immediately engage" with reliable suppliers to try to lower energy prices, a draft Commission document showed on Tuesday.

by: MSN

Stocks To Watch Today, on Feb 19: PNB, Tata Steel, Vedanta, Airtel, NTPC, Power Grid, Reliance Infra, IREDA and others

Tata Steel Approval . Tata Steel UK on Tuesday announced that its proposals to deliver a state-of-the-art Electric Arc Furnace for greener steelmaking in Port Talbot, South Wales,

by: MSN

Silver Lake in talks to buy majority stake in Intel's Altera unit, sources say

By Juby Babu and Milana Vinn (Reuters) -Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday.

by: Reuters

BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports

Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.

by: MSN

Intel stock posts biggest five-day gain in history amid report of potential break-up

Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel's product business,

by: Reuters

Power sector trends reveal widening divide between EU and Russia

Rapidly diverging power generation and emissions trends between the European Union (EU) and Russia highlight a growing energy use gap between several of Europe's largest economies and the former top supplier of energy products to the region.

by: Reuters

National Australia Bank's first-quarter cash earnings slip on higher impairment charges

National Australia Bank reported a 3% drop in its cash earnings for the first quarter on Wednesday, impacted by higher credit impairment charges and income tax expense, which offset growth in underlying profit.

by: MSN

Business owner concerned lawmakers won't reach sick time deal

Michigan lawmakers have just days to reach a deal before the state requires small and large businesses to offer paid sick time to all employees. (Feb. 18, 2025)

by: MSN

Stock market little changed but near record highs, awaiting tariff talk, Fed minutes

US stocks open little changed but near record highs. Investors wait for more tariff talk from Trump and interest rate clues from Fed minutes out Wed.

by: MSN

Scammers are sending texts about a $1,400 stimulus check. What to know

Scammers are sending texts about a $1,400 stimulus check. What to know - Text appears as a message from the IRS asking people to click on a phishing link and provide personal information

by: MSN

Why Pathward Financial (CASH) Is Among the Most Undervalued Small-Cap Stocks to Invest In

We recently published a list of the 10 Most Undervalued Small-Cap Stocks To Invest In. In this article, we are going to take a look at where Pathward Financial, Inc. (NASDAQ:CASH) stands against other most undervalued small-cap stocks to invest in.

by: MSN

Funding helps support transformational York cafe

A York-based cafe that pledges to transform the lives of ex-offenders and addicts in the local community has benefitted from Skipton Business Finance's nationwide, Communities Matter scheme.

by: MSN

City of El Paso names new purchasing director

The City of El Paso has named a long-time City employee to serve as its new purchasing director. Claudia A. Garcia will serve as the new purchasing director, effective Feb. 23. The City said in a news release that Garcia "brings extensive experience and leadership to the position,

by: MSN

9 Ways Convenience Culture Is Costing the Middle-Class Thousands in 2025

Companies earn billions encouraging consumers to buy in haste -- and repent at leisure. Everyone loves instant gratification. Then, they wonder why they carry credit card balances they can't pay
  • Wed, February 19, 2025

by: Mint

Samsung Galaxy S25 Ultra: What's new and what stands out

Available for ₹3,612 per month, the Samsung Galaxy S25 Ultra is designed for professionals needing efficiency and security in a high-performance smartphone.

by: Zawya

Al Masraf and Finneva sign agreement to boost UAE SME growth

Al Masraf (The Arab Bank for Investment and Foreign Trade) has signed an agreement with Finneva Information Technologies LLC (Finneva) to introduce innovative Supply Chain Finance solutions for Small & Medium Enterprises (SMEs) in the UAE.

by: manilatimes

Enlight Renewable Energy Reports Fourth Quarter and Full Year 2024 Financial Results

Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the fourth quarter and full year ending December 31, 2024. The Company's earnings conference call and webcast will be held today at 8:00 AM ET.

by: sanews

Budget speech postponed

In an unprecedented moment for the South African Parliament and the country, National Assembly Speaker Thoko Didiza announced this afternoon, that the tabling of the Budget Speech for 2025/26 has been postponed to a later date.

by: News24

LIVE | Budget postponed to 12 March following Cabinet clash over VAT hike to 17%

The government is scrambling for extra revenue to keep a lid on South Africa's growing debt burden while continuing to fund the machinery of state amid rising healthcare and social services costs and a public sector wage hike.

by: Zawya

ECI highlights its role in empowering exports and supporting non-oil GDP

During the event, which was held on February 18 and 19, 2025 at Jumeirah Emirates Towers in Dubai, ECI exhibited its advanced credit services at a dedicated pavilion and launched various initiatives designed to support the country's manufacturers and exporters.

by: Forbes

Web3: The Next Digital Frontier

With a predicted market value of $5.5 billion by 2030, Web3 represents a decentralized, transparent and user-empowered digital ecosystem poised to revolutionize industries, economies and the way we engage with technology.

by: AOL

Bausch and Lomb's dealmaking CEO Brent Saunders: No deal for company is imminent

After completing $300 billion in healthcare deals over several decades, there is one deal Bausch and Lomb ( BLCO) chairman and CEO Brent Saunders won't be making in 2025. The one for his contact lens maker with a history dating back to the 1800s.

by: Forbes

Financial Technology Trends And Vertical AI Technology

By infusing domain-specific knowledge into a standard AI framework, we can create responses that are finely tuned to specific industries or processes. This refined AI approach is referred to as "vertical AI," which provides a concentrated understanding of the complexities inherent in financial operations, resulting in more informed decision-making.

by: Kiplinger

Legislation Cracking Down on IRS Tax Refund Mail Theft Advances

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

by: AOL

Why Trump economic advisers are more focused on Wall Street than the Fed

National Economic Council director Kevin Hassett hopes to bring down borrowing costs via 10-year Treasury yields, echoing the stance of Treasury Secretary Scott Bessent.

by: Forbes

AI Bridges The Trust Gap: How Explainable AI Aligns Modelers And Business Leaders

• Collaboration is deepened. Regular cross-functional dialogue creates a feedback loop that continuously refines both AI models and business strategies. • Innovation is fostered. With clear insights into model behavior, AI becomes a collaborative partner in driving growth and innovation.

by: Reuters

Pershing Square proposes $900 million deal to increase Howard Hughes stake

Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

by: Forbes

Best Business Checking Accounts Of February 2025

Commissions do not affect our editors' opinions or evaluations. One of the most important decisions small business owners face is choosing the right business banking relationship. For many ...

by: Reuters

Goldman Sachs names insiders Connolly and Voris joint heads of Americas ECM unit, memo says

Goldman Sachs has appointed insiders William Connolly and Michael Voris as co-heads of Equity Capital Markets (ECM) in the Americas, according to a memo seen by Reuters on Wednesday.

by: Reuters

HSBC delays net-zero emissions target by 20 years

HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world's biggest lenders are rowing back on climate pledges.

by: Reuters

Etsy misses holiday-quarter sales estimates, shares fall

Etsy missed Wall Street estimates for holiday-quarter revenue and gross merchandise sales, hurt by weak spending on gifts and handcrafted goods, sending shares of the online marketplace down 8% in premarket trading on Wednesday.

by: Reuters

Exclusive: Vanguard pauses corporate meetings over new ESG guidance

Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter.

by: Reuters

Devon Energy beats fourth-quarter profit estimate on higher production

Oil and gas firm Devon Energy beat analysts' estimate for fourth-quarter profit on Tuesday, as higher production helped counter the impact from lower prices.

by: MSN

More than 170 countries to participate in AIM Congress 2025 in Abu Dhabi next April

More than 170 countries have confirmed their participation in the AIM Congress 2025 International Exhibition, taking place as part of the congress's fourteenth edition at the Abu Dhabi National Exhibition Centre from 7th to 9th April.

by: MSN

Budget 2025 | Urgent calls for support measures for SMEs from Godongwana

Ahead of the 2025 Budget Speech, an expert urges Finance Minister Enoch Godongwana to implement measures to support South Africa's SMEs.

by: Reuters

HSBC to sell Bahrain retail banking operations as restructuring progresses

HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank.

by: MSN

S&P Futures Muted After Fresh Tariff Threats, FOMC Minutes and U.S. Housing Data Awaited

S&P 500 E-Mini futures (ESH25) are trending down -0.07% this morning as investors digested U.S. President Donald Trump's latest tariff threats. President Trump said on Tuesday that he would likely impose tariffs of approximately 25% on automobile,

by: MSN

Centage announces Paul Lynch as new CEO to lead next phase of growth

Centage, a leader in modern FP&A software, has announced the appointment of Paul Lynch as its new Chief Executive Officer. Lynch brings extensive experience in scaling B2B SaaS businesses and a clear vision for Centage's role in transforming financial planning and analysis for mid-market companies.

by: MSN

Experts examine AI's impact on Thailand's financial services sector

by: MSN

Tongaat Hulett wins crucial court battle for business recovery

The Durban High Court has dismissed RGS Group's attempt to halt Tongaat Hulett's business rescue implementation, paving the way for Vision Group's R8. 2 billion recovery plan. The ruling marks a signi

by: MSN

Reserve Bank cuts OCR by 50 basis points to 3.75%

The 50 basis-point cut sends the OCR to a two-year-low of 3.75%

by: MSN

Edmonds School District faces estimated $8.5 million deficit

The shortfall is lower than previous years, but the effects are "cumulative," Superintendent Rebecca Miner said.

by: MSN

Budget 2025 | Parties, unions warn against tax hikes

Unions and political parties are warning against tax increases when Finance Minister Enoch Godongwana presents the budget.

Southwest to cut 15% of corporate jobs in first-ever layoffs

The layoffs challenge Southwest's philosophy that happy employees would lead to happy customers, profitability and happy Southwest shareholders.
Southwest Airlines announced its first-ever layoffs, planning to cut approximately 15% of its corporate jobs, which equates to around 2,000 positions, as part of a broader cost-cutting initiative. This decision comes in response to ongoing financial pressures including rising labor and fuel costs, as well as delays in receiving new aircraft from Boeing. The layoffs will primarily affect employees in departments like marketing, communications, and technology, sparing frontline workers such as pilots and flight attendants. CEO Bob Jordan emphasized that these measures are necessary to ensure the airline's long-term viability, despite the company's efforts to avoid such actions in the past. Additionally, Southwest is offering severance packages, extended health benefits, and job placement assistance to those affected.

Read the Full Fortune Article at:
https://fortune.com/2025/02/18/southwest-cut-15-percent-corporate-jobs-first-ever-layoffs/

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