Southwest has blamed an ‘unprecedented’ number of canceled flights on a mechanics union — and the stock is tanking – Business Insider

It’s not been a good week for Southwest Airlines. The carrier on Wednesday blasted a mechanics union for hundreds of cancellations in recent days, a level it’s calling unprecedented. “On Feb. 12, just days after our last negotiations session with AMFA, we experienced an unprecedented number of out-of-service aircraft in four specific maintenance locations despite…

Estonia orders Danske Bank branch to shut – BBC News

Image copyright Reuters Image caption The Tallinn branch must close by 19 October Estonia has told Danske Bank to close its branch in Tallinn before the end of 2019 after a money-laundering scandal.Chief executive Thomas Borgen resigned last year after an investigation into payments of about €200bn (£174bn) which were made through the branch.The bank…

Amazon Strikes a Blow in the Logistics Industry – Yahoo Finance

For years, rumors have been building of Amazon.com’s (NASDAQ: AMZN) intentions in logistics and delivery. The company has added fulfillment and logistics services to its list of competitors in its 10-K report, and has unveiled a program called Amazon Shipping, whereby the company picks up and delivers other shippers’ packages. In recent earnings calls, CFO Brian…