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 09:39 AM EDT
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 09:57 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 08:47 PM 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 09:35 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 08:52 AM 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 08:55 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 08:11 AM EDT
Toshiba looking to sell controlling stake in Westinghouse Unit
Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
Mar 15, 2017 07:11 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.
Mar 15, 2017 06:05 AM EDT
HSBC breaks tradition, names AIA boss Mark Tucker as chairman
The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.
Mar 15, 2017 06:12 AM EDT
Atlanta Fed appoints first African-American regional president as major step in diversity
The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.
Mar 14, 2017 06:05 AM EDT
Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal
Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.
Mar 14, 2017 06:08 AM EDT