wall street journal
Second day of flight delays due to FAA systems outage
- On Wednesday morning, the Federal Aviation Administration (FAA) noticed a fault in the system that sends messages to pilots.
- The delay continued for the second day on Thursday. However, airlines moved to resume normal operations after the FAA temporarily halted domestic departures, which led to a backlog of flights and congestion.
- About 460 flights were shown delayed, and 61 were on Thursday morning.
Google restructures healthcare unit, cuts workforce by 200
- alphabet inc(Nasdaq: google) health Departmentreal life scienceLet go of over 200 employees as part of a massive restructuring drive.
- The downsizing will likely affect 15% of roles at Verily. The division will cease operations on a medical software program called Verily Value Suite and several early-stage products.
- Verily has over 1,600 employees.
Possible sale of Subway: Eat Fresh for $10 billion or more
- Subway is exploring a potential sale that could value the sandwich chain at more than $10 billion and has retained advisers.
- "As a privately held company, we do not comment on ownership structure and business plans." Subway said. "We continue to focus on driving the brand forward with our transformational journey to help our franchisees be successful and profitable."
Disney CEO Bog Iger faces challenge as Nelson Peltz plans proxy battle for board seat
- the walt disney company(NYSE: districtCEORobert IgerActivist faces a new challenge as investornelson peltzplans to fight for a seat on the company’s board.
- Peltz’sTrion Fund ManagementExecutives met with top Disney leaders, such as Iger and the CFOChristine McCarthyOn Tuesday, efforts were made to strike a deal and avoid a proxy war, but the talks yielded no results.
- outgoing chairman of disneySusan ArnoldPeltz reportedly called on Wednesday morning to offer her a role as a board observer and asked her to sign a standstill agreement, but she declined.
Staten Island unionization effort on hold as Amazon fails to provide evidence
- Cornell Overstreetwith a regional directornational labor relations boardsupported unionization ofAmazon.Com, Inc.(Nasdaq: amzn) employee in Staten Island, NY
- Overstreet rejected Amazon’s appeal because the latter failed to provide sufficient evidence to overturn the election results.
- In November, a federal judge …