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Southern Airways Express to move hub to BWI Southern Airways Express, a small regional airline that has nine daily round-trip flights at Baltimore-Washington International Thurgood Marshall Airport, will move its Washington-area hub to BWI from Dulles International Airport and add new routes to Johnstown, Pa., and Morgantown, W.Va., officials announced Thursday. The new routeswill be thefifth and sixthat BWI for the Memphis, Tenn.-based airline, which now flies passengers aboard a nine-seat Cessna Caravan plane between the airport and Hagerstown; Altoona, Pa.; Lancaster, Pa.; and DuBois, Pa. Founded in 2013, Southern Airways began flying at BWI in November and will move its hub to the airport July 31. The airline said it made the move in hopes of capitalizing on connections with low-cost flights at Southwest Airlines, which also has a hub at BWI.
—Colin Campbell Nike to slash 1,400 jobs, cut sneaker styles Nike said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about 1,400 jobs. Nike said the moves will help it offer products to customers faster as it is facing increasing competition from smaller brands and premium labels. Another problem: The running and basketball shoes Nike is famous for may be outdated.
More people are choosing fashion over function, with sales of classic sneakers industry-wide climbing 26 percent last year, according to research from The NPD Group. Meanwhile, sales of running performance sneakers were flat and sales of basketball performance sneakers dropped, according to the same report.
—Associated Press Twitter unveils new look, which users quickly mock Twitter has unveiled a new look, and much like some previous changes the company has made to its short-messaging service, it’s not going over so well with the Twitterati. The San Francisco company says the new design emphasizes simplicity, making it faster and easier to use, with bolder headlines and more intuitive icons.
It also changed users’ profile images from square-shaped to round. The company said the new user interface will roll out on twitter.com, Twitter for iOS, Twitter for Android, TweetDeck, and Twitter Lite in the coming days and weeks. Twitter users immediately responded Thursday by tweeting jokes and memes critical of the changes.
There were almost 30,000 tweets about the new user interface within hours of the change, the vast majority of them either complaining about the new look or mocking it. —Associated Press Skidding tech, retail firms take stocks lower U.S. stocks fell Thursday as technology firms and small companies skidded. Investors bought high-dividend stocks, which pulled the market away from steeper losses.
Stocks dropped in early trading as investors reacted to rising interest rates in the U.S. while the Bank of England came unexpectedly close to raising U.K. interest rates for the first time in 10 years. Smaller, more domestically oriented companies fell as investors wondered if the expanding special counsel investigation in Washington will affect President Donald Trump’s proposed agenda of cuts in taxes and regulations.
“Investors are getting a bit antsy waiting for these pro-growth policies,” said Karyn Cavanaugh of Voya Investment Strategies.
—Associated Press
—Colin Campbell Nike to slash 1,400 jobs, cut sneaker styles Nike said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about 1,400 jobs. Nike said the moves will help it offer products to customers faster as it is facing increasing competition from smaller brands and premium labels. Another problem: The running and basketball shoes Nike is famous for may be outdated.
More people are choosing fashion over function, with sales of classic sneakers industry-wide climbing 26 percent last year, according to research from The NPD Group. Meanwhile, sales of running performance sneakers were flat and sales of basketball performance sneakers dropped, according to the same report.
—Associated Press Twitter unveils new look, which users quickly mock Twitter has unveiled a new look, and much like some previous changes the company has made to its short-messaging service, it’s not going over so well with the Twitterati. The San Francisco company says the new design emphasizes simplicity, making it faster and easier to use, with bolder headlines and more intuitive icons.
It also changed users’ profile images from square-shaped to round. The company said the new user interface will roll out on twitter.com, Twitter for iOS, Twitter for Android, TweetDeck, and Twitter Lite in the coming days and weeks. Twitter users immediately responded Thursday by tweeting jokes and memes critical of the changes.
There were almost 30,000 tweets about the new user interface within hours of the change, the vast majority of them either complaining about the new look or mocking it. —Associated Press Skidding tech, retail firms take stocks lower U.S. stocks fell Thursday as technology firms and small companies skidded. Investors bought high-dividend stocks, which pulled the market away from steeper losses.
Stocks dropped in early trading as investors reacted to rising interest rates in the U.S. while the Bank of England came unexpectedly close to raising U.K. interest rates for the first time in 10 years. Smaller, more domestically oriented companies fell as investors wondered if the expanding special counsel investigation in Washington will affect President Donald Trump’s proposed agenda of cuts in taxes and regulations.
“Investors are getting a bit antsy waiting for these pro-growth policies,” said Karyn Cavanaugh of Voya Investment Strategies.
—Associated Press
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