United Airlines plans to furlough 16000 workers, fewer than expected

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United Airlines plans to furlough 16000 workers, fewer than expected

United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a slow recovery from the pandemic.
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Novavax publishes more data on vaccine study, stock rises 4%

Novavax Inc. NVAX, -2.07% released more extensive data on its Phase 1 trial of a vaccine for COVID-19 Wednesday, and shares rose about 4% in after-hours trading. Novavax previously released findings from the study that said the vaccine candidate …
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Yum China shares set to open down 0.5% in Hong Kong market debut

HONG KONG (Reuters) – Shares of Yum China Holdings Inc 9987.HK are set to open at HK$410 ($52.90) each, down 0.5% from the offering price as the company’s dual-listed stock began trading in Hong Kong on Thursday. The operator of KFC, Taco Bell …
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Private payrolls grow by 428000 but miss expectations, ADP report says

Private payrolls rose by 428,000 in August, according to a report from ADP that was below the 1.17 million expectations. Big business led the way with 298,000 new workers. Leisure and hospitality was the top sector with129,000 new jobs, followed by …
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Davis Polk's Changes Highlight Increasing Focus on Partner Comp During Pandemic

Davis Polk & Wardwell’s announcement that it was modifying its lockstep system comes at a time of a widening spread between the highest-paid and lowest-paid partners at Am Law 100 firms, and in the midst of a talent war that has grown more contentious …
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