3,000 Amazon workers demand time off to vote: report

  • Amazon workers are demanding that the company give all US employees paid time off to vote in the upcoming election, NBC News reported Tuesday.
  • The petition, which gained more than 3,200 supporters, called for “a paid day/shift off that can be used anytime between now and Election Day on Nov 3” and “every year” in the future, according to NBC News.
  • “We have supplied all of our employees with information on how to register to vote, details of their local polling locations and how to request time off to vote,” an Amazon spokesperson told Business Insider.
  • Amazon and subsidiary Whole Foods employ nearly 1.4 million workers in the US.
  • Visit Business Insider’s homepage for more stories.

Amazon workers, who have become increasingly vocal about the company’s policies during the pandemic, have a new demand: time off to vote in the upcoming US elections.

More than 3,200 Amazon workers have signed a petition circulating internally demanding the company give its entire US workforce a paid day or shift off to vote, NBC News reported Tuesday.

“We are less than a month away from the 2020 US election. I strongly urge the company to provide the entire US employee workforce with a paid day/shift off that can be used anytime between now and Election Day on Nov 3,” read the petition, which has been circulating on an internal Amazon support ticket system, according to NBC News.

The petition also demanded that the “additional day/shift off must be available to all employees every year,” NBC News reported.

Amazon and its subsidiary Whole Foods have 1,372,000 “front-line” workers across the US — accounting for roughly 1 of every 200 of the country’s voting-age population — but doesn’t currently guarantee them time off to vote in person.

“We have supplied all of our employees with

Maersk Raises Outlook as Shipping Giant Sees Demand Rebound

(Bloomberg) — A.P. Moller-Maersk A/S raised its full-year guidance amid a recovery in demand and sweeping efforts to cut costs.



a large ship in the background: Inside DP World Plc London Gateway Port


© Bloomberg
Inside DP World Plc London Gateway Port

The container shipping company, which is eliminating hundreds of jobs, said earnings before interest, taxes, depreciation and amortization will be in the range of $7.5 billion to $8 billion, before restructuring and integration costs. That compares with an earlier forecast of $6 billion to $7 billion, according to a statement.

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“The upgrade underlines the strong earnings momentum,” Brian Borsting, a credit analyst at Danske Bank A/S, said in a client note.

Copenhagen-based Maersk, which transports about 15% of the globe’s seaborne freight, said there was a “continued recovery in demand” in the third quarter. It reported revenue of $9.9 billion for the quarter, and an EBITDA before costs of $2.4 billion.

Maersk is undertaking a major restructuring as the world’s biggest shipping company grapples with the effects of the Covid-19 pandemic. It’ll take restructuring costs of around $100 million in the third quarter related to around 2,000 job cuts, as it reorganizes its ocean and logistics and services operations.

The almost 20% increase in the full-year EBITDA guidance means analysts are likely to materially upgrade their estimates, Jefferies analyst David Kerstens said in a note.

Read More: Maersk Plans Major Restructuring Affecting Thousands of Jobs

The upgrade could also be more good news for holders of Maersk debt, as the borrower may see a change in the negative outlook that it’s been assigned by S&P Global Ratings, according to Danske’s Borsting. Moody’s Investors Service already recently lifted its outlook to positive, he said.

Spreads on the company’s euro bonds maturing in March 2026 tightened 2.5 basis points to 102.3 while its shares fell 1.1%, according to levels compiled by

Cisco, Arista Cut to Neutral On Concern About Network Demand

Cisco Systems  (CSCO) – Get Report and Arista Networks  (ANET) – Get Report were downgraded by Citigroup analyst Jim Suva, who sees the coronavirus pandemic continuing to blunt corporate demand for networks.

Cisco has networking systems for internet communications and internet technology, and Arista has cloud networking solutions.

Suva cut his share-price targets to $43 from $48 for Cisco and to $230 from $290 for Arista. 

Cisco, San Jose, Calif., recently traded at $40.31, up 1.2%. The stock has slumped 16% year to date. 

Arista recently traded at $226.29, down 0.6%. The stock has gained 11% year to date. The S&P 500 has climbed 10% year to date

“It is clear to us that business and life will not return to the pre covid-19 normal,” Suva wrote in a commentary.

“While we recognize there is likely a permanent shift to a more flexible work environment, we have found most companies have figured out how to fully support all employees working from home, all employees returning to the office, and any combination of home versus work location. This has led to additional cloud and white box adoption and less … demand for enterprise equipment.”

Morningstar analyst Mark Cash is a bit more optimistic. Though Cisco has issues now, the future looks brighter, he said in an Aug. 12 commentary.

“While we expect demand weakness to continue impacting Cisco in the near term, the company’s product portfolio strategy, solid operating profile, and balance sheet give us confidence in the longer term. We are maintaining our $48 fair value estimate,” Cash wrote.

“Cisco continues to push toward more recurring revenue,” he noted.

Global Sports Software Market 2020 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2026

“Sports Software Market 2020-2026:”

Wiseguyreports.Com Adds “Sports Software – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2026” To Its Research Database.

Updated Research Report of Sports Software Market 2020-2026:

Overview

The global sports management software market was valued at USD 4.55 billion in 2019, and it is expected to reach USD 10.67 billion by 2026 while registering a CAGR of 14.82% during 2020-2026. The growing options of cloud-based services is attracting clubs and teams with a small economic structure to invest in the market. SaaS is also providing significant advantages in the management of the academy of a sports club, and mainly it contributes to reducing maintenance costs and adds flexibility during adaption which can become an ongoing trend for the market.

  • Growing investments in sport industry is driving the market. Most of the governments around the world have understood the potential and opportunity in the sports industry. Not only are these governments making policies that are not only helping in infrastructure development for sports but also in attracting investors into the sector.
  • Data security issue is restraining the market to grow. Sports organizations hold sensitive data, like team game plans, athlete negotiation strategies, sponsorship deals, medical records, and payroll information. The potential access to this information, as well as a lack of uniform security policies, makes sports organizations a soft target to cybercriminals, hacktivists, and nation-state actors.

Scope of the Report

In sports management programs, the software and services are emerging as a significant factor for the sports manager and are becoming crucial factors on which clubs and businesses are leveraging competitive advantage. Applications, such as team and training management, match performance analysis, game scheduling, online registrations, competition management, athletic and sports club management, etc are mainly boosting the adoption.

Market segment by Type,

India Gold Imports Dip After Brief Rebound as Prices Curb Demand

Gold imports had risen in July and August as jewelers readied stocks ahead of festivals.

Photographer: Sanjay Kanojia/AFP via Getty Images

Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases.

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

Weak Appetite

India’s gold imports dip again in September

Source: India’s Finance Ministry Official

Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices will further decline from an all-time high. Consumption may also pick up ahead of Diwali, which falls in November.

“The higher prices acted as a deterrent for demand,” said Gnanasekar Thiagarajan, director at Commtrendz Risk Management Services. “However, imports and demand may see some recovery during the festival season as investors buy on dips.”

India’s imports in the first nine months of the year are down about 70% to 158 tons, according to Bloomberg calculations.

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