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DOT attorney seeks Southwest HQ visit to check on meltdown

  Bloomberg The top attorney at the US Department of Transportation (DOT) planned to visit Southwest Airlines Co’s headquarters as part of an investigation into the carrier’s December operations meltdown that affected more than 2 million people, according to government emails. DOT General Counsel John Putnam detailed a proposed agenda for the trip in an earlier email to members of ...

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Amazon’s subsidiary lays off 20% of staff

  Bloomberg Amazon.com subsidiary Zappos laid off more than 300 employees — about 20% of its workforce — in January, the Wall Street Journal (WSJ) reported, citing people familiar and a company memo. The cuts, described as being part of broader layoffs at the company, included customer-service representatives at the online shoe and clothing retailer, which Amazon bought in 2009, ...

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Coach owner’s shares jump after raising full-year earnings outlook

Bloomberg Tapestry Inc shares jumped the most since November after the high-end retailer raised its full-year earnings outlook, citing more moderate currency headwinds and a sales pickup in China. The Coach owner now sees earnings per diluted share in the range of $3.70 to $3.75. That’s up from its previous range of $3.60 to $3.70 and above the average estimate ...

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