logo
Air Canada, flight attendants' union reach tentative deal to end strike

Air Canada, flight attendants' union reach tentative deal to end strike

CNAa day ago
Air Canada's unionised flight attendants have reached an agreement with the country's largest carrier, the union said on Tuesday (Aug 19).
"The Strike has ended. We have a tentative agreement we will bring forward to you," the Canadian Union of Public Employees said in a Facebook post.
The carrier had earlier offered a 38 per cent increase in total compensation for flight attendants over four years, with a 25 per cent raise in the first year, which the union deemed insufficient.
Flight attendants had sought pay for tasks such as boarding passengers, which are currently not remunerated. They are now paid for time when the plane is moving.
The CUPE, which represents Air Canada's 10,400 flight attendants, wanted to make gains on unpaid work that go beyond recent advances secured by their counterparts at US carriers like American Airlines.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Analog Devices forecasts upbeat results on strong industrial demand
Analog Devices forecasts upbeat results on strong industrial demand

CNA

time28 minutes ago

  • CNA

Analog Devices forecasts upbeat results on strong industrial demand

Analog Devices forecast fourth-quarter revenue above analysts' expectations on Wednesday, as the company anticipates stable demand for its products despite tariff uncertainty. The chipmaker has benefited from increased demand in its industrial segment, resulting in healthy bookings trends and growth in its order backlog, as manufacturers pulled forward shipments amid shifting U.S. tariff policies. Shares of the Wilmington, Massachusetts-based company rose about 4 per cent in premarket trading. The company forecast fourth-quarter revenue of $3.00 billion, plus or minus $100 million, above analysts' estimates of $2.82 billion, according to data compiled by LSEG. On an adjusted basis, the company expects fourth-quarter, profit per share to be $2.22, plus or minus 10 cents, above analysts' estimates of $2.03. "We closed the third quarter with continued backlog growth and healthy bookings trends, notably in the Industrial end market," said CEO Vincent Roche. Industrial revenue, which accounts for 45 per cent of the company's total sales, rose 23 per cent to $1.29 billion in the third quarter. The industrial segment focuses on providing advanced semiconductor solutions that power automation, sensing and control systems across various industries. Sales in the automotive segment grew 22 per cent to $850.6 million for the third quarter. The company posted third-quarter revenue of $2.88 billion, above analysts' estimates of $2.77 billion.

Dayforce in advanced talks for $70 per share buyout by Thoma Bravo
Dayforce in advanced talks for $70 per share buyout by Thoma Bravo

CNA

timean hour ago

  • CNA

Dayforce in advanced talks for $70 per share buyout by Thoma Bravo

HR software firm Dayforce said on Wednesday it was in advanced discussions to be acquired by Thoma Bravo for $70 per share, as private equity firms look to software as growth drivers in an uncertain economy. Dayforce's shares rose more than 3 per cent before the bell. The offer represents a premium of 32.4 per cent based on the stock's closing price on August 15, before the talks were first reported, and a deal value of $11.18 billion, according to Reuters calculations. If finalized, the deal will mark another private equity buyout of a software firm, with Thoma Bravo betting on the build-out of artificial-intelligence software and the resilience of recurring revenue in an economy pressured by trade tariffs and erratic spending. The human capital management market has undergone significant consolidation, with big players buying up smaller firms to bolster their products and grab market share amid signs of a deteriorating labor market. Paychex announced its acquisition of rival Paycor for $4.1 billion at the start of the year, while Automatic Data Processing acquired WorkForce Software last year for around $1.2 billion. Dayforce said there could be no assurances of whether an agreement for a transaction would be reached. The company, which provides human capital management and payroll services through its software platform, has seen its stock lose more than 9 per cent of its value so far this year, underperforming peers.

AI agent startup TinyFish raises $47 million in ICONIQ-led round
AI agent startup TinyFish raises $47 million in ICONIQ-led round

CNA

timean hour ago

  • CNA

AI agent startup TinyFish raises $47 million in ICONIQ-led round

AI startup TinyFish has raised $47 million in a Series A funding round led by ICONIQ Capital to scale its platform for building and deploying AI-powered web agents, the company told Reuters. The round included participation from USVP, MongoDB Ventures and Sheryl Sandberg's Sandberg Bernthal Venture Partners. The company plans to use the capital to invest in products and expand its go-to-market operations. Founded in 2024, TinyFish is building web-based agents to automate repetitive and complex online tasks for enterprises. Its technology simulates human-like browsing to perform actions and gather data at a massive scale. The company is initially focusing on the retail and travel sectors. Its primary use cases include dynamic price surveillance, where AI bots track prices, promotions, shipping times, and inventory levels across competitor websites in real-time. These tasks were traditionally handled by large, offshore teams performing manual data entry or by custom software scripts that would often break when a website's design changed. Palo Alto, California-based TinyFish has a team of about 25 people. The new funding provides TinyFish with a runway of three to four years, according to CEO Sudheesh Nair. The AI agent space is experiencing a gold rush, with a flurry of offerings on autonomous software. Big tech companies and startups are racing to capitalize on the shift from static large language models (LLMs) to dynamic agents capable of performing complex, multi-step tasks. TinyFish says its technology could help solve the problem of efficiently and reliably gathering critical data from the dynamic and messy environment of the internet. "If you can turn the internet into analyzable data, it will fundamentally give businesses advantages that others don't have," Nair told Reuters, adding that the goal is to help businesses "make more money," not just save on costs. Its system uses advanced AI models for reasoning and exploration, and then codifies that knowledge for high-speed, deterministic execution at scale, according to Nair. Amit Agarwal, partner at ICONIQ, said the decision to invest was driven by TinyFish's success with early pilot customers, including tech giant Google. "They had operationalized it, productionized it at a very large scale for two large-scale customers who have all the development resources in-house to build these types of things themselves," Agarwal said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store