737 Max grounding will cost American and Southwest Airlines more than $1 billion
The grounding of the Boeing 737 Max will cost American and Southwest airlines at least $1 billion between them, the airlines reported Thursday. And…
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Earnings season has clear winners (Tesla) and losers (Nokia)
Happy Thursday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right…
Continue Reading Carlos Ghosn says prosecutors ‘colluded’ with Nissan and Japanese officials to bring him down
Attorneys for Carlos Ghosn are asking the Tokyo District Court to throw out charges against the former auto titan, citing “illegal…
Continue Reading SoftBank shares continue to fall after WeWork bailout
SoftBank shares continued to slide Thursday after the company announced its massive WeWork bailout. Shares were down another 2.8% in Tokyo, extending…
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Four victim families reach a settlement with Boeing after Lion Air plane crash
Nearly a year after the Lion Air plane crash killed 189 people, four victim families reached a settlement with Boeing, the families’ attorney…
Continue Reading Looking back, and looking forward, one month into the Trump impeachment probe
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Nancy Pelosi…
Continue Reading He revolutionized how millions of people spend money in India. His next target: America
To say that Vijay Shekhar Sharma is ambitious is an understatement. The founder of Paytm, India’s largest digital payments company, has already…
Continue Reading Tesla shares soar on surprise profit
Tesla was back in the black during the third quarter of 2019. The electric car maker on Wednesday posted a surprise profit of $342 million. Wall…
Continue Reading Ronan Farrow apologizes after comments on Fox’s handling of sexual harassment angered former employees
Ronan Farrow, the Pulitzer Prize-winning journalist who has extensively reported on sexual misconduct in the media industry, apologized on Wednesday…
Continue Reading Microsoft Azure growth rate continues to slow
Microsoft’s Azure cloud business is once again growing at a slower rate. In reporting earnings for its fiscal first quarter on Wednesday,…
Continue Reading Ford posts strong earnings but cuts outlook
Ford, which is likely the next US automaker to face negotiations with the United Auto Workers union, reported strong earnings Wednesday. But the…
Continue Reading Mark Zuckerberg grilled by Congress over Libra and political ads policy
Mark Zuckerberg conceded on Wednesday that there is a scenario in which Facebook might have to rethink its involvement in its controversial…
Continue Reading Mark Parker to step down as Nike CEO after 13 years
Mark Parker will step down as Nike’s CEO next year after 13 years leading the footwear company, Nike announced Tuesday. Parker, 64, has been a…
Continue Reading WeWork’s disgraced CEO is getting a massive payout. Now workers await their own fate
Current and former staffers at WeWork are outraged that former CEO and cofounder Adam Neumann would get a massive payout after he all but ran the…
Continue Reading The trade war is destroying American profit
This is what a trade war looks like. An industrial giant in Illinois, a motorcycle icon in Wisconsin, a Minnesota snowmobile maker and the parent of…
Continue Reading Cannabis firms are hopping on the non-alcoholic beer wagon
The rise of the “sober-curious” consumer and movements such as Sober October and Dry January have alcohol companies weighing the benefits…
Continue Reading Kelly Clarkson’s new talk show is a hit. Here’s why that’s a big deal
Kelly Clarkson kicks off each episode of her new daytime show with something she calls “Kellyoke,” a cover of a recent or classic pop…
Continue Reading WWE gets smacked down by Wall Street
Shares of World Wrestling Entertainment, aka the WWE, have been sent crashing into Wall Street’s turnbuckle this year and are in danger of…
Continue Reading How the dirtiest power station in western Europe switched to renewable energy
A power station that used to be the biggest polluter in western Europe has made a near-complete switch to renewable energy. The Drax Power Station in…
Continue Reading Boeing is profitable again, but the 737 Max is still a crisis
Boeing is profitable again. But the 737 Max crisis is still a major problem for the company’s financial results. The aircraft maker earned $895…
Continue Reading Tinder created an interactive show. Gen Z loves it
Would you save a person or a puppy during an apocalypse? To some, that’s an obvious choice. To Tinder users, it’s a great conversation…
Continue Reading The trade war is stinging Caterpillar, and its outlook is dimming
Caterpillar, stung by the trade war and global economic slowdown, posted a surprise drop in third-quarter profit as sales slumped in nearly every…
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Better Business Bureau launches campaign to help Borderland residents avoid scams
EL PASO, Texas — The Better Business Bureau Paso del Norte chapter is working with law enforcement and community partners to dedicate the week of…
Continue Reading Apple’s Tim Cook is now top adviser to the business school at ‘China’s Harvard’
China and the United States are locked in a struggle for tech supremacy but you wouldn’t know it from the list of luminaries on the advisory…
Continue Reading TD Ameritrade CEO: We’re ready for battle in the zero commission wars
Online brokers are beginning to adjust to life without commissions. TD Ameritrade is the latest broker to report solid earnings and revenue, even…
Continue Reading Lion Air crash investigation faults Boeing 737 Max design and oversight
The families of victims in last year’s Lion Air crash have been told by Indonesian investigators that poor regulatory oversight and the design…
Continue Reading LinkedIn now has a newsroom of 65 journalists. It’s hiring more
In Dan Roth’s dream world, members of LinkedIn, where he has served as editor in chief since 2011, would habitually read the LinkedIn Daily…
Continue Reading Google claims its quantum computer can do the impossible in 200 seconds
Google claims it has designed a machine that needs only 200 seconds to solve a problem that would take the world’s fastest supercomputer 10,000…
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SoftBank’s massive WeWork bailout hands ousted founder $1.7 billion golden parachute
SoftBank is bailing out WeWork in a deal that will give the Japanese tech company almost total ownership of the troubled office space startup. It…
Continue Reading Early UAW votes on ending the GM strike a mixed bag
Nearly 50,000 General Motors employees are in the process of voting on a tentative labor deal that could end their five-week strike. The early…
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