U.S. lawmakers grill airline executives after customer disasters U.S. lawmakers threatened United Airlines (UAL.N) and other carriers on Tuesday with legislation aimed at improving customer service after a passenger was hauled down the aisle of a flight last month. Top airline executives testified to the House of Representatives transportation committee […]
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Wall Street fears end of boom as automakers' April U.S. sales drop Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down. […]
Wall Street elite find it hard to bank on Trump's breakup talk At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets. […]
Global stocks struggle, dollar gains ahead of Fed decision European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in U.S. interest rates next month ahead of the Federal Reserve's May statement. Since December, the U.S. central bank […]
Twitter adds WNBA games, news shows, concerts in try for live viewers Twitter Inc is expanding its live broadcasting portfolio with 12 new offerings that include WNBA games, a 24-hour Bloomberg News network and a show about gadgets from the tech news website The Verge, the company said on Monday. […]
Samsung Electronics gets South Korea nod to test driverless car carrying its parts, software Samsung Electronics Co Ltd has got permission from South Korean authorities to domestically test a driverless vehicle fitted with its electronic parts and software, as the tech giant aims to muscle into the automotive industry in […]
Trump signs executive order to modernize U.S. government info tech President Donald Trump announced on Monday he has signed an executive order creating a new technology council to "transfer and modernize" the U.S. government's information technology systems. A White House official confirmed Monday that about 20 technology chief executives will […]
Oil rises as OPEC cuts outweigh higher output elsewhere Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya. Benchmark Brent crude oil LCOc1 was up 30 cents […]
AIG's investors, awaiting CEO plan, uneasy ahead of results For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company's future. AIG reports its first-quarter […]
How two cutting edge U.S. nuclear projects bankrupted Westinghouse In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. The delay, which a […]
