Business

WASHINGTON (Reuters) — The breakdown of a key computer system, which resulted in the suspension of U.S. flight departures on Wednesday, is not the first such issue to hinder Federal Aviation Administration operations, and happened amid efforts to upgrade technology. The 90-minute halt, which was ca…

(Reuters) — U.S. stock index futures edged higher on Wednesday with the focus shifting to December’s inflation reading due later in the week, which would provide clues on how aggressive the Federal Reserve could be in its monetary tightening in this year. After the Fed’s rapid pace of i…

(MVA) — After a two-year hiatus due to the coronavirus pandemic, the Marianas Tourism Education Council or MTEC Tourism Summit will return on Jan. 19, 2023, to engage students with information and activities focused on the Marianas’ primary economic driver, tourism. Over 300 members of the schools’…

(Reuters) — Wall Street’s main indexes were set to open higher on Monday on optimism around China reopening its borders, while signs of a cooling labor market boosted bets of a slower pace of interest rate hikes by the Federal Reserve. After being clobbered in 2022 by rapid rate hikes, the be…

MCDONALD’S of Saipan awarded its Employee of the Year from both restaurants during its 2022 Annual Employee Appreciation Party. Employee of the Year is an award  given to those who exceeds in their attendance, performance, attitude, friendliness, initiative, and willingness to learn. The Empl…

(Reuters) — Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely im…

THE Saipan Chamber of Commerce presents the 2022 “Bowties & Diamonds” Business Person of the Year  annual fundraiser gala on Saturday, Jan. 21, 2023 at the Hibiscus Hall, Crowne Plaza. The gala serves as the chamber’s largest annual fundraiser for activities such as the scholarship program, onl…

BARRIGADA, Guam — Guam Business Magazine is pleased to announce the nominees for the 2022 Guam Business Magazine Executive of the Year. The nominees are: • Frank Cruz, vice president and general manager of Guam Fast Foods Inc., which does business as KFC Guam and Sbarro Guam; • Jimmy T.C. Hau, pres…

(Reuters) — For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe and China — all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than th…

(BoG) — The Viddy Awards, formerly the Videographer Awards, is one of the most coveted awards in the video industry. Since 1995, thousands of production and communication professionals from various industries have entered their best and most creative work. The goal of the Viddy Awards is to identif…