Bombardier To Lay Off 1 600 Staff As Pandemic Caps Business Jet Demand

Business jet maker Bombardier Inc said on Thursday it would cut about 1,600 jobs and reported an adjusted loss before interest and taxes for the fourth quarter, as the COVID-19 pandemic weighs down aircraft demand.

Bombardier, which in November had flagged likely layoffs as part its move to cut capacity, plans to end the production of its Learjet aircraft later in 2021 to focus on the more profitable Challenger and Global aircraft families.

The Montreal-based company, which has become a pure-play business-jet maker after selling its rail division to French train maker Alstom SA, reported a 19.7% fall in business aircraft deliveries in 2020.

Bombardier, however, saw an uptick in orders in December 2020, as U.S. buyers rushed to take advantage of favorable tax rules they feared could change under President Joe Biden’s administration.

The company reported an adjusted loss before interest, taxes of $165 million for the quarter ended

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US wheat carryover forecast unchanged | 2021-02-10

WASHINGTON — In its Feb. 9 World Agricultural Supply and Demand Estimates report, the US Department of Agriculture made mostly minor, off-setting, by-class changes to wheat exports, imports, and food use. As a result, the all-wheat 2021 carryover projection for 2021 was unchanged from the January report.

The carryover of US wheat on June 1, 2021, was forecast at 836 million bus, unchanged from the January estimate and down 192 million bus, or 19%, from 1,028 million bus in 2019-20.

Domestic all-wheat supply and demand forecasts were left unchanged from January, including beginning stocks at 1,028 million bus, production at 1,826 million bus, and imports at 120 million bus, for a total supply of 2,974 million bus.

Forecasts for food, seed, and feed and residual use of all-wheat also were unchanged from January at 965 million, 63 million and 125 million bus, respectively, for a total domestic use of 1,153

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How Austin’s Bumble grew into a power in the dating app industry

When Whitney Wolfe Herd started Bumble in 2014, it would have been hard to imagine that less than seven years later, the startup would have turned into a multibillion-dollar powerhouse.  

Wolfe Herd was just 25 when she created Bumble in December 2014, basing it on the idea of building a more women-centric and women-friendly version of Tinder, where she previously was vice president of marketing. 

Bumble operates similarly to apps like Tinder, where users swipe left or right on preferences. However, Bumble only allows women to initiate a conversation or contact.

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In just seven years, the company has grown to more than 100 million users, and today, Wolfe Herd, now 31, might be a billionaire based on her stock holdings in the company after it went public Thursday. 

The company made a stunning debut on Wall Street, 

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