Firms see big bucks in upgrade of U.S. air traffic control system Inside the control tower at John F. Kennedy International Airport, air traffic controllers can track planes traveling hundreds of miles away. But when it's time for a controller to hand off responsibility for watching a flight, the technology […]
United States
Verizon plans to cut 2,000 jobs at Yahoo, AOL Verizon Communications Inc (VZ.N) is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc's (YHOO.O) core assets next week, a person briefed on the matter said. The cuts are expected to come from Verizon's […]
Mexico sugar deal hard to swallow for last U.S. candy cane maker For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of […]
Sterling shaken by UK election shock, fallout limited elsewhere Sterling sagged in Asia on Friday as British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe. With the majority of seats counted in […]
Amazon lent $1 billion to merchants to boost sales on its marketplace Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday. The e-commerce giant has doled out more than $1 billion […]
Low-cost airlines shake up market for long haul flights Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Transatlantic routes are among the industry's most […]
Samsung Electronics to invest $300 million for U.S. appliances factory Tech giant Samsung Electronics Co Ltd plans to invest $300 million to build an appliances factory in the United States, the Korea Economic Daily reported on Thursday citing unnamed sources. The plant in Blythewood, South Carolina, will manufacture products such […]
Amazon error sends some shoppers to dog photo, not product page Amazon.com Inc (AMZN.O) told some shoppers on Wednesday that there was a problem when they were trying to view product listings. "Sorry something went wrong on our end," Amazon said on a page some shoppers were sent to after […]
Asian stocks on edge before Comey, ECB and UK election Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. MSCI's broadest […]
North Korea fires suspected land-to-ship missiles as South Korea delays THAAD North Korea fired what appeared to be several land-to-ship missiles off its east coast on Thursday, South Korea's military said, the latest in a fast-paced series of missile tests defying world pressure to rein in its weapons program. The […]
