Stories about Finance

Feb 24 2019

Virgin Galactic Takes Its First Human Passenger Into Space

After the air and spacecraft were off the ground, Virgin Galactic revealed that chief pilot Dave Mackay and co-pilot Mike "Sooch" Masucci were joined by Beth Moses, the...

Feb 24 2019

Cargo jet with three on board crashes near Houston airport

Witnesses told emergency personnel that the twin-engine plane "went in nose first", leaving a debris field about 1km long in Trinity Bay, Chambers County Sheriff Brian H...

Feb 24 2019

Google is ditching its mandatory-arbitration policy after mass protest

Google stopped so-called forced arbitration in cases of sexual harassment and assault previous year after 20,000 workers walked out to oppose how the search giant handl...

Feb 24 2019

Atlas Air flight 5Y3591 crashes near Houston

The FAA said that contact was lost with the jet approximately 30 miles southeast of Houston George Bush Intercontinental Airport, and that the aircraft was flying from M...

Feb 23 2019

Fed minutes leave questions on balance sheet, patience

For now, policymakers see little risk to leaving interest rates alone while they take time to assess rising risks, including a global slowdown, according to the Fed's mi...

Feb 23 2019

Microsoft Employees Protest HoloLens Contract With US Army

The letter , titled " HoloLens for Good, Not War", was posted on Twitter and encourages other Microsoft employees to sign it. Though many governments want to better d...

Feb 23 2019

British PM May says Honda plant closure can't be blamed on Brexit

Honda recently informed its employees of the plant's impending closure in 2021 and has started consultation activity with workers who will be affected. "This is a devasta...

Feb 23 2019

United States dollar steady after Federal Reserve minutes, trade issues back in view

He added that customs officials had strengthened quality and safety inspections of imported coal " in accordance with relevant laws and regulations " to better protect Ch...

Feb 23 2019

Virgin Atlantic Boeing 787-9 Dreamliner flies faster than sound

Around 10:30 p.m. on Monday night, as the Virgin 787 cruised along at 35,000 feet, it posted an 801-MPH groundspeed, according to radar tracks posted on FlightAware. In t...

Feb 23 2019

Kraft Heinz reports $12.6bn loss after write-down

Kraft said it launched an independent counsel review of its procurement practices after it received the SEC subpoena. Last year , Buffett revealed its insurance business...

Feb 23 2019

Upside Momentum Slowing as US Production Reaches 12 Million Bpd

Both oil benchmarks have risen this year after the Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, began to cut output...

Feb 22 2019

Norms for a startup revised: Key things to know

In addition, consideration received by eligible start-ups for shares issued or proposed to be issued to a listed company having a net worth of Rs 100 crore or turnover ...

Feb 22 2019

US, China sketch outlines of deal to end trade war

Members of President Trump's economic team are continuing high level talks with Chinese officials in the hopes of reaching a trade agreement ahead of a deadline for US ...

Feb 22 2019

Model 3 loses Consumer Reports recommendation; Tesla brand drops

The Model 3 is one of six cars to lose the recommendation, along with the Chrysler 300, Dodge Charger, Acura RDX, BMW 5 Series and Volkswagen Tiguan. Among the problems...

Feb 22 2019

Province scales back crude-by-rail plan, will lease 4,400 cars

The province estimates the plan will lead to a $5.9-billion increase in royalties, tax revenues and profits over three years, meaning a net gain of $2.2 billion. "They in...

Feb 22 2019

United Kingdom says 'no problems' with Huawei technology found, Andrew Little responds

Britain is able to manage the security risks of using Huawei telecoms equipment and has not seen any evidence of malicious activity by the company, a senior official said...

Feb 21 2019

Were Walmart Earnings Really That Good?

Walmart reported that its e-commerce business helped deliver a stronger quarter. Walmart also reported that its grocery department - crucial both because it makes up ...

Feb 21 2019

Disgruntled airport employee was behind Gatwick drone chaos, source claims

All flights at Dublin Airport were suspended on Thursday following the confirmed sighting of a drone over the airfield at Ireland's main airport. "The safety and securi...

Feb 20 2019

Southwest Experiences Operational Emergency

Flight cancellations by Southwest accounted for roughly 24 percent of almost 800 total flights canceled across the United States on Tuesday, according to flight-tracking ...

Feb 20 2019

Reliance group stocks drop after court order on RCom chairman

The apex court directed Anil Ambani to pay the dues of Rs 453 crore in four weeks failing which he will be sentenced to three-month jail term. The Supreme Court said th...