facebook pixel
chevron_right Business
'Pirates 5' Eyes Box Office Domination While 'Baywatch' Drowns
Box office numbers prove Disney knew what it was doing when the studio decided to make the fifth installment of the Pirates of the Caribbean franchise. Dead Men Tell No Tales opened on Friday and is leading the Memorial Day-weekend box office with about $110 million in ticket sales worldwide. The film had a production budget of $230 million and is well on its way to making that back.
System Failure at British Airways Shuts Down Flights Out of London
A global technology failure at British Airways led to delays, airport congestion and flight cancellations for thousands of customers at London area airports on Saturday. By late afternoon, the airline had canceled all Saturday flights departing from Heathrow and Gatwick airports. In a statement, it cited a major IT system failure that is causing severe disruption to our flight operations worldwide. Our IT teams are working tirelessly to fix the problems, Mr Cruz added.
Reliance Communications hit by Indian mobile price war
Indian mobile phone network operator Reliance Communications Ltd (RLCM.NS) posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users. Four analysts had, on average, expected Reliance Communications to report a loss of 7.48 billion rupees, according to data compiled by Thomson Reuters.
GM says ISS advises against Greenlight share plan, board nominees
General Motors Co(GM.N) said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes. The advice from ISS is a setback for Greenlight and its manager David Einhorn.
Finding Meaning in Health Crises
A I enrolled in seminary at age 60 and received my master's in divinity in 2014. I spent my clinical pastoral education, which is required for certification as a chaplain, at a hospital in Brooklyn. I do quite a bit of grief counseling, helping people who receive an unexpected medical diagnosis or are facing end-of-life decisions. Sometimes it's helping someone deal with a chronic but life-changing illness, like rheumatoid arthritis, diabetes or kidney disease. I help people find meaning in their situation.
The Trump Effect on C.E.O. Pay
Call it the Trump effect on CEO pay. After the election, the overall market rallied on expectations of the incoming Trump administration's pro-business agenda. The lift from the Trump effect seems to have been most pronounced among industries in which investors believed the administration's deregulatory fervor would be greatest and thus lead to lower costs and more profits. At the bank's annual meeting in mid-May, 92 percent of votes cast approved its pay practices, the same percentage as last year.
Farhad's and Sheera's Week in Tech: The Dark, Terrifying World of Hackers
Everybody has one foot in vacation, so basically very little is happening in the industry we cover. The points he made about people voting online and making the world a better place were not very controversial. If he is running for office then we still have no idea what his platform would be. It's standing at the center of a lot, and yet its users rarely get insight into what its managers are thinking about the world.
Doing The Right Thing Shouldn't Be This Remarkable
You elected me to do the right thing, and this is what it looks like, Landrieu told the crowd gathered at New Orleans' former city hall. Seeing a politician stand up for what he or she believes is the right thing is increasingly rare. Yet at the same time, people are hungry for heroes -- men and women with humility who will stand up for what's right.
Is China Outsmarting America in A.I.?
China's private companies are pushing deeply into the field as well, though the line between government and private in China sometimes blurs. The difference is that China seems to think it's a race and America doesn't. He received a grant six times larger than what he might have gotten in Europe or America. Artificial intelligence may help China better censor the internet, a task that often blocks Chinese researchers from finding vital information.
Switch it up this year: Buy in May, till November stay
Some hearty investors, however, stand ready to bet against that flow - and history - and are advocating a buy-in-May approach this year. Ironically enough, the disappointment will be in November or December because people will realize they went the whole year and got nothing done. In the summer months things slow down so you tend to see the chances for a pickup in volatility. To sell we'd need a Fed that's more hawkish than expected mixed with economic data that's weaker than expected.
Top Trump Economic Adviser: Coal Doesn't Make Sense Anymore
Somebody should have been straight with the coal miners Donald Trump wooed during the presidential election. After months of Trump promising that they'd be working again mining coal, one of his top economic aides now says that coal doesn't make sense anymore. Coal doesn't even make that much sense anymore as a feedstock, he said, CNN Money reported. Cohn was a million miles away from Trump's campaign chorus about bringing back coal.
Melania Trump Steps Out In Floral Jacket Worth A Year's Income
First lady Melania Trump made a mega-colorful debut on a Sicily street Friday in a Dolce & Gabbana floral jacket worth a mind-blowing $51,500. The silk jacket by the Italian fashion house, plastered with large 3D flowers, was featured on a Dolce & Gabbana runway just months ago. The median American family income in 2015, according to government statistics, was $55,775. It's not clear if Melania Trump paid for the jacket; Dolce & Gabbana isn't saying.
Coal Country's Power Plants Are Turning Away From Coal
I've not spoken to a single utility that's truly holding on to a future of more coal, said Brian Janous, who directs energy strategy at Microsoft. They're looking to attract, as in the Appalachian case, new customers, and those customers aren't attracted by coal. We see the pressure from these companies is pushing power producers more away from coal, which is a cheaper power. American Electric Power organized a second meeting in Washington in May that included Amazon, Caesars Entertainment, DuPont, Marriott International and Starbucks.
The Question Isn't Why Wage Growth Is So Low. It's Why It's So High.
Indeed, economists at Goldman Sachs recently studied which factors drive wage trends in 10 major economies, and identified low productivity growth as the main culprit behind the recent weakness in wage numbers around the world. The wage question quickly leads us into more difficult economic questions. The Federal Reserve Board reckons it can't let the unemployment rate get too low, or a burst of inflation will come.
Slim seeks to sell minority stake in tower company Telesites: sources
Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV (SITESB1.MX), the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. The move comes 18 months after sweeping regulatory reforms forced Slim to spin off Telesites from telecommunications company America Movil SAB de CV (AMXL.MX). Telesites shares have risen only slightly since then, as the company struggles to diversify beyond America Movil as its main client.
Kuwaiti logistics firm Agility settles U.S. civil case
Agility Public Warehousing Co KSC (AGLT.KW), a major Kuwaiti logistics company, has agreed to pay $95 million to settle a civil case involving allegations it overcharged for supplying food to the US military from 2003 to 2010, the US Justice Department said on Friday. The deal, which follows settlement of a related criminal case on Wednesday, means the company will again be able to bid for US government work after a seven-year ban.
A Russian Businessman's Road From Siberia to Success
Dejected and in search of work, he opened a vodka distillery in the late 1990s, but his timing was terrible. He initially sold products under the brand the Recipes of Grandmother Agafia, named after a Siberian healer, Agafia Lykova. Sales of the products - based on herbs found in Siberia - remain brisk inside Russia. Abroad, Mr Trubnikov said, they were hampered by a lack of recognition by consumers who also found the name a mouthful.
PepsiCo in bid to acquire Vita Coco owner: sources
Soft drink maker PepsiCo Inc (PEP.N) is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. The acquisition would help PepsiCo diversify its offerings as it grapples with stagnant sales, amid a shift of many consumer tastes' away from sugary drinks and snacks toward healthier options. PepsiCo did not respond to a request for comment, while Vita Coco declined to comment.
Looking for a Big Economic Bump? It's Looking Less Likely
In other words, the so-called new normal - steady but not spectacular growth that never reaches escape velocity - is beginning to resemble the old normal. Neither figure is realistic, given the country's aging population, and low growth in productivity, Ms Swonk said. This year, as was true in 2014 and 2011, growth appears to have been very weak in the first quarter. Slightly lower car sales reduced growth by about 0.4 percentage points in the first quarter, according to Mr Gapen.
Graduating? Here's What to Know About Your Student Loans
Federal loans typically have more consumer protections, including the option of flexible repayment plans if you have trouble affording your payments. If you don't know whether you have federal or private loans, or both, check on the Department of Education's National Student Loan Data System, which lists federal loans. For some types of federal loans, interest accrues and is added to your balance at the end of the grace period. For more tips on repaying student loans, check the Consumer Financial Protection Bureau's website.

Want to stay updated ?


Download our Android app and stay updated with the latest happenings!!!

50K+ people are using this