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Soaring labor costs at Southwest Airlines overshadow record revenue as summer travel revs up
Soaring labor costs at Southwest Airlines overshadow record revenue as summer travel revs up
Southwest Airlines is reporting a $683 million profit for the second quarter, and revenue is a quarterly record as planes are packed during the peak summer travel season
2023-07-27 21:56
Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continues
Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continues
The costs associated with Norfolk Southern's fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits
2023-07-27 21:56
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising
Stocks are rallying on Wall Street following fatter-than-expected profit reports from big companies and the latest signals that the economy continues to defy predictions for a recession
2023-07-27 21:52
Rescuers in Indonesia try to reach 8 workers trapped in an illegal mining hole
Rescuers in Indonesia try to reach 8 workers trapped in an illegal mining hole
Indonesian rescuers are trying to save eight miners who have been trapped at an illegal mining area in Indonesia’s main island of Java, The joint search and rescue team is racing against time Thursday as they suck water out from the hole using six water pump machines
2023-07-27 20:53
Weekly US applications for jobless benefits slide to lowest level in 5 months
Weekly US applications for jobless benefits slide to lowest level in 5 months
The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve’s attempts to cool it off
2023-07-27 20:49
Microsoft Teams Faces EU Antitrust Probe in Salesforce Clash
Microsoft Teams Faces EU Antitrust Probe in Salesforce Clash
Microsoft Corp. faces a European Union probe over concerns it’s driving out competition by unfairly bundling its Teams
2023-07-27 19:29
McDonald's posts surprisingly strong sales after
McDonald's posts surprisingly strong sales after "happy birthday" Grimace campaign goes viral
McDonald’s is grinning thanks to Grimace after a marketing campaign to celebrate the “birthday” of its big purple mascot went viral and contributed to surprisingly strong second quarter sales
2023-07-27 19:28
Shell earnings top $5 billion. But that's nearly half what it pulled in months ago
Shell earnings top $5 billion. But that's nearly half what it pulled in months ago
Shell has reported that it earned nearly $5.1 billion in the second quarter
2023-07-27 19:20
EU opens antitrust investigation against Microsoft over Office and videoconferencing Teams bundling
EU opens antitrust investigation against Microsoft over Office and videoconferencing Teams bundling
The European Union is opeing a formal antitrust investigation targeting Microsoft into the software company’s Teams messaging and videoconferencing app over concerns that its bundling with its Office productivity sofware suite gives it an unfair edge over competitors
2023-07-27 18:19
Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year
2023-07-27 17:53
A fire is still burning on board a car-carrying cargo ship near a sensitive Dutch bird habitat
A fire is still burning on board a car-carrying cargo ship near a sensitive Dutch bird habitat
A cargo ship packed with nearly 3,000 cars is still ablaze close to a world-renowned bird habitat off the Dutch coast
2023-07-27 17:29
Europe's central bank is set to pile on another rate increase. Is it the last in a record series?
Europe's central bank is set to pile on another rate increase. Is it the last in a record series?
The European Central Bank is set to raise interest rates again Thursday
2023-07-27 16:17
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