Alibaba revenues up 42 per cent
The Chinese online-retailer Alibaba Group Holding Ltd. posted better-than-expected revenue in the latest quarter as annual active customers grew 17 per cent to 674 million, reports the Wall Street Journal. The company reported revenue for the June quarter of 114.9 billion yuan ($16.3 billion), up 42 per cent from the previous year. (https://www.wsj.com/articles/alibaba-beats-revenue-expectations-11565868947?mod=hp_lista_pos2) The growth […]
Energy reporter Cusick leaves Pennsylvania broadcast job to join PBS
Journalist Marie Cusick is leaving her job with StateImpact Pennsylvania and WITF broadcast services to work with student journalists at PBS News Hour and PBS reporting labs. As the Harrisburg reporter for StateImpact Pennsylvania, Cusick has covered energy and environmental issues for public radio stations statewide. She has also been part of NPR’s energy and […]
Flights resume at Hong Kong airport
Hong Kong’s airport resumed operations Wednesday just hours after thousands of anti-government protesters forcibly blocked access to the main terminal, temporarily paralyzing the transport hub for the second consecutive night, reports CNN. (https://www.cnn.com/2019/08/14/asia/hong-kong-airport-protests-intl-hnk/index.html) Five people were arrested and six were hospitalized, authorities said, following chaotic and often ugly scenes at the airport Tuesday night, the latest escalation […]
Reuters journalist soars to the sky in new career
Victoria Bryan is leaving journalism and Reuters global aerospace and defense team to go to flight school. “Looking forward to the challenge immensely,” she tweeted. “I’ve written about European airlines for five years, and now I want to work in the cockpit,” she wrote last September. “First, there’s the thrill of flying. Aviation fascinates me. […]
Macy’s stock tanks amid department store woes
Shares of Nordstrom, Kohl’s, Dilliard’s, and J.C. Penney tanked on Wednesday after Macy’s lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector, reports CNBC. (https://www.cnbc.com/2019/08/14/department-store-stocks-fall-on-the-heels-of-macys-dismal-earnings.html) Macy’s stock sank more than 17 per cent, while Nordstrom and Kohl’s fell more than nine per cent after the news. Shares of Dilliard’s and J.C. Penney […]
American Airlines sues the mechanics’ unions for flight disruptions
American Airlines is demanding that the mechanics’ unions pay for hundreds of flight delays and cancellations over the last two months, reports the Dallas News. (https://www.dallasnews.com/business/airlines/2019/08/13/american-airlines-demands-mechanics-unions-pay-enormous-financial-losses-flight-delays-cancellations) In a new court filing Tuesday, the Fort Worth-based carrier said it wants sanctions “sufficient to compensate American for losses caused” from violations to a June 14 restraining order telling mechanics […]
New York Times deputy editor demoted over controversial tweets
Jonathan Weisman, the deputy Washington editor for The New York Times (NYT), has been demoted after a pair of incidents in which he ignited controversy on Twitter (TWTR), the newspaper said Tuesday. “Jonathan Weisman met with [Times Executive Editor Dean Baquet] today and apologized for his recent serious lapses in judgment. As a consequence of his actions, he has […]
Chinese tech giant Tencent Holdings Ltd.’s profits soar in 2nd quarter
BEIJING—Chinese internet giant Tencent Holdings Ltd. reported a 35-per-cent increase in second-quarter net profit, enjoying a boost from the release of popular new video games, reports Shan Li of the Wall Street Journal. (https://www.wsj.com/articles/tencents-profit-rises-35-as-new-games-hit-market-11565777387?mod=hp_lista_pos4) Tencent, the world’s largest gaming company, said Wednesday that its net profit for the April-June period rose to 24.1 billion yuan […]
WeWork’s parent company unveils papers for IPO
WeWork’s parent company unveiled the papers for its initial public offering Wednesday, taking the next step toward the office-space firm’s high-profile debut as soon as September, reports Maureen Farrell of the Wall Street Journal. The filing gives the most detailed financial picture to date of We Co., which was known as WeWork Cos. until recently. […]
Berna appointed supervising producer at CNBC’s “Fast Money”
CNBC’s Ben Berna has been named supervising producer of “Fast Money.” Berna was most recently CNBC’s director, marketing and data news. Fast Money is billed on CNBC as America’s post-market show. It is hosted by Melissa Lee and a roundtable of top traders. His responsibilities on the program include oversight of the sponsorship-related content the […]
