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Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US

An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.

Mar 24, 2017 9:57 AM EDT


Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.

Mar 24, 2017 9:39 AM EDT


Disney to give back wages to employees charged for their costumes

The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.

Mar 24, 2017 9:35 AM EDT


Sears admits plan to avoid bankruptcy by selling brands may prove difficult

Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.

Mar 23, 2017 8:47 PM EDT


Japanese minister agrees to contribute information on developments with Toshiba

The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.

Mar 20, 2017 8:55 AM EDT


Renault denies reports it cheated on emissions tests for decades

Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.

Mar 20, 2017 8:52 AM EDT


Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.

Mar 16, 2017 8:11 AM EDT


Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.

Mar 16, 2017 8:08 AM EDT


Apple found guilty of price-fixing practices in Russia, regulator says

Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years. Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.

Mar 15, 2017 6:05 AM EDT


Vodafone vows to create 2,100 jobs in the UK to enhance quality of customer service

Mobile tech giant Vodafone is slowly trying to recover its tarnished reputation over the botched IT billing system and poor customer service record by hiring thousands of call center employees in the UK.

Mar 14, 2017 6:10 AM EDT


US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday. US employers added 235,000 jobs in February as per a Labor Department report released on Friday.

Mar 13, 2017 9:26 AM EDT


Sears posts another quarterly operating loss

Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.

Mar 12, 2017 10:57 PM EDT


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