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Category : Business (Archive for 2017-05-03) News by Google
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Chicago Tribune
United CEO, airline execs in Congress' hot seat over passenger treatment
Chicago Tribune
Legislators who grilled executives from some of the nation's largest airlines Tuesday — an event precipitated by United Airlines' passenger-dragging incident last month — sounded like any other group of aggrieved passengers wondering why flying so ...

Apple's Soft iPhone Sales May Be Enough To Turn The Nasdaq, For Now
The jobs report and the Fed are on the agenda this week, but aren't even the biggest events of the week. It's Apple earnings. Apple reported after the close today. Despite the earnings beat, if you're Apple, your numbers get picked apart. iPhone sales ...

Big Summer Shutdowns Loom for U.S. Auto Plants as Sales Sputter
An employee carries a headliner to be installed onto a vehicle on the production line at the GM assembly plant in Arlington, Texas. Photographer: Matthew Busch/Bloomberg. Auto workers may be getting some extra time off around Independence Day, but they ...

Charlotte Observer
Etsy posts loss, ousts CEO, announces layoffs
Etsy Inc. is replacing its chief executive and cutting about 8% of its workforce after the online marketplace reported a first-quarter loss and what it described as "a challenging February." The Brooklyn, N.Y., company said that board member Josh ...

Washington Post
Starbucks's gimmicky new drink: 'As good as Unicorn or better'
Washington Post
The Unicorn Frappuccino — the pink-and-blue social media sensation that “tastes like sour birthday cake and shame” — is so last week, according to Starbucks executives. Starting today, Starbucks is rolling out another drink aimed at the Instagram ...

AMD's stock plunges to biggest loss in over 12 years
Shares of Advanced Micro Devices Inc. plunged on heavy volume Tuesday, to suffer their worst day in over 12 years, as the chipmaker's results didn't live up to analysts' high hopes. The company reported late Monday first-quarter results that were ...

U.S. News & World Report
Twilio stock plummets as major client Uber distances itself
A good report on revenue wasn't enough to keep Twilio stock from taking a dive in after-hours trading. What at first glance appeared to be a positive story very quickly divulged into a financial nightmare. Shares in the cloud communications company ...

American Airlines is cutting more legroom in economy class
American Airlines (AAL) is planning to decrease the front-to-back space between some of its economy class seats by another two inches. The airline says it plans to add more seats on its coming Boeing (BA) 737 Max jetliners. To do that, it will shrink ...
Molina Healthcare's Leadership Changes Increase Possibility of Takeout
The C-suite changes announced Tuesday by Molina Healthcare (MOH) may very well put the company in the crosshairs of an acquirer. "We see the Management changes with the CEO and CFO stepping down immediately and replacement by professional ...

Aussie Stocks Drop, Taiwan Bucks Poor Apple Result: Markets Wrap
A poor Apple Inc. earnings report proved no bar to gains in Taiwan's electronics-rich stock market and its dollar, while and Australian shares slipped in Asia-Pacific trading lulled by market closures ahead of the Federal Reserve's policy meeting. The ...

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