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| June 26, 2019

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Stocks rise, snapping their short losing streak

June 13, 2019 |

Energy and internet companies helped drive stocks on Wall Street broadly higher Thursday, snapping a two-day losing streak for the market in a choppy week of trading.

The gains were initially fueled by rising oil prices, which boosted energy companies after a suspected attack on two oil tankers


L.A. Times – Business

CNN

North Korea warns it is losing patience with US

June 5, 2019 |

President Donald Trump said Wednesday that he still believes North Korea “would like to make a deal” and left the door open for a third summit with Kim Jong Un despite a new warning from Pyongyang urging the US to change the course of its negotiations “before it is too late.”
CNN.com – RSS Channel – World

Uber will cut back customer promotions after losing $1 billion in first quarter

May 31, 2019 |

Uber Technologies Inc. posted a $ 1-billion quarterly loss, among the largest of any public company.

Nelson Chai, the company’s chief financial officer, laid out a path for costs to eventually come down. On a conference call after the report, Chai said Uber would cut back on customer promotions…


L.A. Times – Business

Scott Pelley Makes Explosive Claim About Losing His Job

May 26, 2019 |

Scott Pelley fired a shot across the bow Sunday at his old CBS News bosses, Deadline reports. While promoting his new memoir on CNN’s Reliable Sources , the veteran anchor said he was let go from the CBS Evening News after complaining about the work environment. “We’ve been through a dark…
Newser

Market snaps losing streak after government eases threat on China tech sales

May 22, 2019 |

Technology companies helped power stocks broadly higher on Wall Street on Tuesday, snapping the market’s two-day losing streak.

The rally followed the U.S. government’s decision to temporarily ease proposed restrictions on technology sales to Chinese companies. The news gave a boost to technology-sector…


L.A. Times – Business

7K White-Collar Workers Losing Jobs at Ford

May 20, 2019 |

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company said the plan will save about $ 600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager, per the AP . In the US, about 2,…
Newser

60 Minutes Is Losing a Long-Timer

May 18, 2019 |

After 30 seasons and nearly 500 stories, Steve Kroft will announce his retirement from 60 Minutes at the end of Sunday’s broadcast. The program will air a segment on the career of Kroft, 73, in September, per the Hollywood Reporter . Lesley Stahl, 77, who joined the program in 1991, will…
Newser

CNN

Sri Lanka attacks: Father tormented after losing two children

April 24, 2019 |

Matt Linsey’s face is peppered with minute scars from the shrapnel and debris that hit him, as he recalls the split-second decision he and his two children made to run, rather than hide, just after the first of two bombs went off.
CNN.com – RSS Channel – World

Southwest Airlines is losing millions weekly in labor fight, CEO says

March 6, 2019 |

Southwest Airlines’ chief executive said a surge in planes grounded by mechanics’ concerns is costing the carrier millions of dollars each week by causing more delayed and canceled flights.

Gary Kelly didn’t give a precise figure Tuesday, but said the financial damage prompted the airline’s lawsuit…


L.A. Times – Business

Airports feared losing revenue to Uber and Lyft. Here’s what happened

March 2, 2019 |

Airport officials were understandably nervous when Uber and Lyft drivers began pulling up at terminals across the country a few years ago.

After all, more fliers using the relatively cheap ride-hailing services could mean that fewer would pay for airport parking and rental car services — two significant…


L.A. Times – Business