DIRS.INFO The most relevant business & tech news

☆ Miyu Kato wins French Open mixed doubles after controversial disqualification
▼ + stars: | 2023-06-08 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

On Sunday, the Japanese tennis star was in tears after being disqualified from the women’s doubles competition after inadvertently hitting a ball at a ball girl. Fast-forward to Thursday and the 28-year-old won the French Open mixed doubles title with her German partner Tim Puetz. It has been really challenging mentally for me the past few days due to the unjust disqualification from the women’s doubles. While wishing the ball girl well in her winning speech, Kato also confirmed she was appealing the decision to default her. The victorious pair received a standing ovation from the French Open crowd, who have taken Kato in their hearts since the disqualification.

Persons: Miyu Kato’s, Tim Puetz, Bianca Andreescu, Michael Venus, Kato, “, Tim, I’m, Puetz, ” Kato, Aldila Sutjiadi, innocuously, ” Organizations: CNN Locations: Japanese, ”

Swiatek, who lifted the Suzanne Lenglen Cup last year and in 2020, was put through the wringer by Haddad Maia but held her nerve in a tense tiebreak to see off the 14th seed's challenge. "She has a really nice game for clay courts with a lot of top spin," Swiatek said of Haddad Maia, who beat the Pole in their only other meeting in Toronto last year. There was light at the end of the tunnel for Japan's Miyu Kato after a difficult few days, as she put her women's doubles disqualification behind her to claim the mixed doubles crown with Germany's Tim Puetz. Kato and her Indonesian partner Aldila Sutjiadi had been disqualified from the women's doubles in the third round when Kato hit a ball down the court between points, inadvertently striking a ball girl. I'm doing my best so we can one day return and claim the women's doubles title."

Persons: Haddad Maia, Sabalenka Kato, Iga Swiatek, Beatriz Haddad Maia, Roland Garros, Karolina Muchova, Suzanne Lenglen, Swiatek, Muchova, Jelena Ostapenko, Miyu Kato, Tim Puetz, Canada's Bianca Andreescu, New Zealander Michael Venus, Kato, Aldila Sutjiadi, I'm, Carlos Alcaraz, Novak Djokovic, Casper Ruud, Alexander Zverev, Karolos Grohmann, Julien Pretot, Shrivathsa Sridhar, Ed Osmond, Pritha Organizations: PARIS, New Zealander, Thomson Locations: Toronto, Paris, New

Companies Harley-Davidson Inc FollowJune 8 (Reuters) - Motorcycle maker Harley-Davidson (HOG.N) has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted in an emailed statement. Harley-Davidson did not specify the parts involved. Production was halted in May 2022 due to a brake hose problem from a third-party supplier, the company said later. Reporting by Aishwarya Nair in Bengaluru and Bianca Flowers in Chicago; Editing by Anil D'Silva and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Davidson, Harley, Aishwarya Nair, Bianca Flowers, Anil D'Silva, Richard Chang Organizations: Davidson, Harley, Thomson Locations: York, Pennsylvania, North America, Bengaluru, Chicago

☆ A former Southwest employee was charged with selling $1.9 million in fake travel vouchers
▼ + stars: | 2023-06-08 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

A former Southwest employee created and sold fake travel vouchers, according to a June 5 indictment. The airline usually issues Southwest Luv Vouchers to customers affected by delays and other circumstances. Between February and June 2022, the former employee allegedly created vouchers for a value of nearly $2 million. A customer service representative for Southwest Airlines at Midway Airport in Chicago when he allegedly created and sold fraudulent travel vouchers for a value of nearly $2 million. Federal prosecutors allege that Martin, who worked at Southwest from November 2018 to June 2022, used his employee credentials to create fake customer names and generate fake travel vouchers of the kind Southwest issues to customers who have experienced delays, cancellations, and other unfortunate circumstances.

Persons: DaJuan Martin, Ned Brooks, Martin, Brooks, Mr, Jonathan Bedi, Martin's, John Legutki Organizations: Southwest, Morning, Southwest Airlines, Midway Airport Locations: Chicago

June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Analysts say slower hotel development will also limit profits of blue-chip manufacturers like Caterpillar Inc. , whose commercial real estate customers account for around 75% of construction sales. Overexposed regional banks are now offloading commercial real estate loans at a discount. Troubled regional lender PacWest Bancorp (PACW.O) announced in May it would sell $2.6 billion worth of real estate construction loans. Banks started to reduce their hotel loan portfolios in the first quarter of 2023, an analysis by S&P Global Market Intelligence found.

Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru

☆ Airbus has unveiled the aircraft cabin of the future. Take a look at Airspace Cabin Vision 2035+.
▼ + stars: | 2023-06-06 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Airbus has unveiled its Airspace Cabin Vision 2035+ in a May 30 presentation. The plane maker is relying on a circular economy to make its new cabins lighter and less wasteful. In the future, Airbus hopes to integrate the new cabins in its developing hydrogen-powered aircraft. Airbus has unveiled its vision for a more sustainable aircraft cabin, as airlines labor to reduce their emissions, hoping to fully decarbonize aviation by 2050. Take a look at Airspace Cabin Vision 2035+:

Organizations: Airbus, Morning

Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Western Alliance, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru

☆ KKR built a new client portal on AWS that helped the PE giant cut costs by 50%. An exec breaks down 3 things he wishes he knew ahead of time.
▼ + stars: | 2023-06-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

KKR built a new client portal to replace a legacy one built using vendor tech. KKR had a problem with its client portal. When clients faced issues with the portal, KKR had no visibility into what was causing the problem and could only open a ticket with the vendor, he said. In 2020, KKR embarked on a total rebuild of its client portal, which eventually launched in the summer of 2021. The new portal was built on AWS, where KKR has already moved much of its technology and infrastructure.

Persons: Leo Bogdanov, KKR's, Bogdanov, Serverless, it's, Axel Springer Organizations: KKR, Amazon Web Services, AWS Locations: Axel

DeSantis chided Trump for not yet taking a position on the deal that President Joe Biden and Speaker Kevin McCarthy struck to raise the debt ceiling and impose some spending cuts. Collision course: The two GOP hopefuls from South Carolina, Haley and GOP Sen. Tim Scott, are facing an “inevitable collision” in the early primary state, the Post and Courier reports. No thanks: GOP Rep. Warren Davidson has decided not to run for Senate in Ohio, Cleveland.com reports. The Salt Lake Tribune reports that Utah Republican Rep. Chris Stewart plans to announce his resignation from Congress as early as Wednesday, a move that, per the Deseret News, could mean the seat remains vacant until next year. Bowing out: Ohio Republican JR Majewski is ending his congressional bid citing his mother’s forthcoming heart procedure, Politico reports.

Persons: Ron DeSantis, Donald Trump, Dasha Burns, Gabe Gutierrez, Abigail Brooks, Bianca Seward, DeSantis, Trump, Joe Biden, Kevin McCarthy, ” DeSantis, Sen, Tim Scott, Nikki Haley, Vivek Ramswamy, “, Mike Pence, doesn’t, Asa Hutchinson, McCarthy, Matt Dixon, Dixon, Haley, GOP Sen, Chris Christie, LIV, Ramaswamy, Gitcho Goodwin, Warren Davidson, Gloria Johnson, Marsha Blackburn, State Shirley Weber, Barbara Lee’s, Andy Beshear, Chris Stewart, Ohio Republican JR Majewski, Majewski, Marcy Kaptur Organizations: Florida Gov, NBC, Hawkeye State, Trump, U.N, ” Biotech, White, Arkansas Gov, MSNBC, Republican, Facebook, Google, federal, PAC, Federal, GOP, Post, Courier, Former New Jersey Gov, Saudi, LIV Golf, Politico, Chattanooga Times Free Press, State, Democratic Rep, Republican Governors Association, Kentucky Democratic Gov, Salt Lake Tribune, Utah Republican, Deseret, Ohio Republican JR, Democratic Locations: Florida, Iowa, Washington, Arkansas, South Carolina, Ohio, Tennessee, California, Kentucky, Salt

☆ These 20 US airports had the worst delays last summer
▼ + stars: | 2023-05-27 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Last summer, 22.9% of scheduled US flights arrived more than 15 minutes late at their destination. During the summer of 2019, 18.2% of flights were delayed, only marginally better than in 2022. Airports in New York and Orlando tend to record a high percentage of delays regardless of the year. Memorial Day weekend is kicking off what's expected to be a very busy air travel season, and many are wondering: is it going to be as bad as last summer? Take a look at the 20 airports with the worst delays — calculated by the percentage of flights leaving the airport and arriving more than 15 minutes late to their destination — for the summer of 2022, ranked from best to worst:

☆ A budget Canadian airline had 4 of its planes repossessed. Its CEO is blaming a conspiracy.
▼ + stars: | 2023-05-25 | by ( Bianca Giacobone | Taylor Rains | ) www.businessinsider.com time to read: +7 min

In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.

Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, —, Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican

☆ Who's going to work on all these AI projects at the big banks?
▼ + stars: | 2023-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Everyone seems to agree that artificial intelligence is going to upend Wall Street. Insider's Paige Hagy and Bianca Chan have a fascinating story on how AI talent doesn't seem to be sticking around at big banks. What's even more foreboding is that AI talent isn't leaving for other banks. But struggling to hold on to AI talent seems especially concerning when one considers what's at stake — like, uh, humanity — and the speed at which it'll happen. Here are the three reasons banks can't seem to hold on to AI talent.

☆ Banks are all-in on AI, but there's one problem: They can't hold on to the talent. Here's why.
▼ + stars: | 2023-05-23 | by ( Paige Hagy | Bianca Chan | ) www.businessinsider.com time to read: +9 min

Big banks are hiring a lot of AI talent, but are having a tough time holding on to it. The difficulty banks have retaining AI talent, however, isn't due to poaching among peers. Banks can lure in AI talentIt's true that big banks have the wherewithal to hire and capitalize on top AI talent and are attractive at the outset to those looking for a new shop. "The AI talent coming to the financial-services industry is almost like supporting the tech talent, if you will," Hirsch said. Big Tech has its own problems right nowTo be sure, banks are snagging from Big Tech too.

☆ Wall Street can't seem to agree on how it oversees AI usage. Meet the 12 execs leading strategy for the tech at the biggest US banks.
▼ + stars: | 2023-05-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Banks are accelerating their AI research and use cases due to the rise of ChatGPT and generative AI. While all six big banks have dedicated AI leaders, no two banks have the same org structure. This year is shaping up to be all about artificial intelligence, and Wall Street is no exception. Banks' priorities and tech strategies can also be gleaned from which divisions have dedicated AI leaders and which don't. Here's a list of 12 of the top AI executives to know at the nation's six biggest banks.

☆ McQueen documentary juxtaposes Amsterdam's Nazi-occupied past with the present
▼ + stars: | 2023-05-20 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

"It's just putting things into context - how we're here, how did we arrive here today," McQueen told Reuters. Filmed during the COVID-19 pandemic, the documentary includes the street protests that erupted against the government's infection prevention measures and the celebrations afterward. Critics have described "Occupied City" as monumental, moving and as ranking among the great World War Two-themed films. The director's upcoming feature film, "Blitz," stars Saoirse Ronan and is also set during the World War Two. The Blitz in London was "very different to how we think it was," McQueen told Reuters, adding: "I'm hoping to show you."

May 19 (Reuters) - Deere & Co (DE.N) on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust. Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

Shares in the world's largest farm equipment maker were up 4% in premarket trading after the company reported a 36% rise in quarterly profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Deere expects 2023 net income in the range of $9.25 billion to $9.50 billion, higher than the $8.75 billion to $9.25 billion forecast earlier. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.

☆ A new class of executives on Wall Street is gaining a ton of power
▼ + stars: | 2023-05-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

I still need questions for a future mailbag. As Wall Street grapples with how to deploy AI, the executives overseeing the tech are rising in prominence. Bianca mapped out the 12 executives leading AI strategy at Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. Meet the 12 executives leading the AI strategy at the biggest US banks. The bank run on Silicon Valley Bank, which was helped along by social media, has bank executives reconsidering their online presence, Reuters reports.

☆ Take a look at North America's first hydrogen-powered train, which emits only water and will start service this summer
▼ + stars: | 2023-05-19 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Running from June to October in Quebec, the Coradia iLint will be North America's first hydrogen train. It can be a greener alternative to diesel on non-electrified train tracks — over 90% of tracks in North America. North America will have its very first hydrogen-powered train this summer season. Alstom first started running two of its bright blue Coradia iLint trains in Europe in 2018, and it has delivered 41 more since then. Take a look at the Coradia iLint train:

☆ Delta CEO says proposed airline rules will lead to higher ticket prices
▼ + stars: | 2023-05-18 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +2 min

Proposed government regulations for airlines could lead to higher ticket prices, Delta's CEO said. The regulations would require airlines to compensate passengers for controllable delays or cancellations. If the Biden administration introduces new regulations requiring airlines to compensate passengers for controllable cancellations and delays, ticket prices will go up, according to Delta Air Lines CEO Ed Bastian. Earlier this month, the US Department of Transportation announced plans to come up with new rules that would hold airlines more accountable for potential cancellations and delays. It does not provide compensation in the form of cash — no major US airline does that — travel vouchers, or frequent flyer miles.

☆ Meet the 12 execs leading the AI strategy at top US banks like Goldman Sachs, JPMorgan, and Morgan Stanley
▼ + stars: | 2023-05-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

☆ Hawaiian Airlines unveiled the interior of its new Boeing 787-9 Dreamliners and it includes a new business class suite. See inside.
▼ + stars: | 2023-05-18 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Hawaiian Airlines' new Boeing 787-9 Dreamliner has 300 seats, including 34 business class suites. Hawaiian Airlines' new Boeing 787-9 Dreamliners feature colorful patterns inspired by sea and wind, and starry skies. Hawaiian Airlines first agreed to purchase 10 Boeing 787-9 Dreamliners in 2018, adding two more, for a total of 12, this past January. The planes, which will be used for medium to long-haul flights, have 300 seats, including 34 business-class suites and 266 main cabin seats, including 79 extra comfort seats. See inside Hawaiian Airlines' new Boeing 787-9 Dreamliners:

☆ $144 billion Man Group is teaching non-tech workers coding and data-science skills that are saving them hours of manual work
▼ + stars: | 2023-05-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Man Group's <develop> program is growing in popularity among non-tech workers. That's the thinking behind Man Group's technology upskilling program, <develop>, which has served as the $144 billion investment firm's answer to a tight tech-labor market. "The level of demand for software engineers outstripped the number of qualified engineers entering the workforce each year," Lara Carty, Man Group's chief people officer, told Insider. It's also spanned a variety of backgrounds, from workers on the trading desk to communications and public-relations employees, Carty said. There's classroom-based learning led by about a dozen of Man Group's top engineers with a mentorship aspect.

☆ An outsider's take on finding success on Wall Street
▼ + stars: | 2023-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

At first glance, Kristofer Baxter doesn't seem like an ideal candidate for offering tips about succeeding on Wall Street. His outside perspective offers a unique look at what it takes to find success on the Street. Too often, people explaining how they found success on Wall Street, or anywhere, amounts to them bragging about how hard they worked. Read more on key lessons from a top engineer at Citadel about finding success. The famous VC firm is going to launch a fund of funds for backing other VCs focused on finding early-stage startups.

☆ Transatlantic flights are all the rage this summer. These are the 10 biggest airlines connecting the US to Europe.
▼ + stars: | 2023-05-15 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +1 min

Barring any cancellations, there will be 3% more seats on flights from US to Europe this summer than in 2019. United Airlines and Delta Air Lines have the most scheduled seats, with over 9 million each. Barring any cancellations, that would constitute a 3% increase in capacity compared to the summer of 2019, and a 15% increase compared to last year. With over 2.5 million seats, Turkish Airlines has increased its scheduled capacity by 78% compared to pre-pandemic times. See the top 10 airlines connecting Europe and the US by scheduled seat capacity for summer 2023:

Search resuls for: "Bianca"

25 mentions found