• Southwest to recall flight attendants before summer season

    10 days ago - By Chron

    DALLAS - Southwest Airlines said Thursday it plans to recall more than 2,700 flight attendants who took leaves of absence last year, the latest sign that the travel industry believes it is recovering from the pandemic.
    Southwest plans for the recalls to take effect June 1, an airline spokesman said. The move covers all flight attendants who went on leave as the company tried to reduce the number of people on the payroll.
    Last week, the airline said it will recall 209 pilots from leave in time for the summer schedule.
    Southwest and other airlines offered voluntary leave, buyouts and early...
    Read more ...

     

  • The CEO of $2 billion database startup Redis Labs says it's aiming for an IPO as soon as this year as it crosses $100 million in annual revenue

    The CEO of $2 billion database startup Redis Labs says it's aiming for an IPO as soon as this year as it crosses $100 million in annual revenue

    10 days ago - By Business Insider

    Summary List Placement Redis Labs, the startup behind the popular Redis database software, has surpassed a $2 billion valuation - about double the over $1 billion it was last valued at in August - as it prepares for an IPO as soon as this year.
    That new valuation comes after Redis Labs announced Wednesday that it has closed a $110 million Series G round led by Tiger Global. The round also included participation from Softbank Vision Fund and TCV. Those three firms also acquired additional ownership in the form of a $200 million secondary transaction, where they bought shares of Redis Labs...
    Read more ...

     

  • The US economy is set to fully recover to pre-COVID levels this quarter - a feat that took more than 3 years after the last financial crisis

    The US economy is set to fully recover to pre-COVID levels this quarter - a feat that took more than 3 years after the last financial crisis

    10 days ago - By Business Insider

    Summary List Placement
    Real gross domestic product for the US economy is set to return to pre-coronavirus levels this quarter, economists say.
    It's a feat took more than 3 years after the last financial crisis, Commerzbank analysts said.
    The IMF has said the scarring from COVID will be far less than after 2008 in advanced economies.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Real gross domestic product for the US economy is likely to retake its pre-coronavirus levels this quarter, economists predict.
    The measure of GDP - which provides an inflation-adjusted...
    Read more ...