Coverage: Delta computer failure hits travelers
Delta Air Lines Inc. had a major computer failure on Monday, leading to the cancellation of hundreds of flights and stranding passengers across the country. Jeffrey Dastin of Reuters had the news: Atlanta-based Delta, the second-largest U.S. airline by passenger traffic, said it had canceled 451 flights after a power outage that began around 2:30 a.m. […]
Coverage: Nike gives up golf
Sporting goods giant Nike Inc. announced that it was exiting the golf equipment business as its main golfer Tiger Woods continues to rehabilitate from injuries. Krystina Gustafson of CNBC.com writes about what the announcement means for competitors: TaylorMade is also due for a shakeup. Though there aren’t plans to shutter the brand, Adidas will not aggressively […]
Coverage: Wal-Mart wants to buy online retailer Jet.com
Wal-Mart Stores Inc. is in the process of bidding for online retailer Jet.com in a move that would increase its competition with Amazon.com. Greg Bensinger and Sarah Nassauer of The Wall Street Journal have the news: A deal could give Wal-Mart’s e-commerce efforts a much-needed jolt as the world’s largest retailer seeks to grow beyond its brick-and-mortar storefronts […]
Coverage: Delta’s report causes concern about airlines
U.S. airlines marked the second-sharpest decline on the Standard & Poor’s 500 Index following a weak revenue report from Atlanta-based Delta Air Lines Inc. Michael Sasso and Mary Schlangenstein of Bloomberg News had the news: Passenger revenue for each seat flown a mile fell 7 percent in July from a year earlier, the country’s second-largest carrier by traffic […]
Coverage: Elizabeth Holmes tries to salvage Theranos
Theranos Inc. founder Elizabeth Holmes presented a new blood-testing device to the medical world on Monday in a bid to save the company that has had to retract the findings of its previous blood testing results. John Carreyrou of The Wall Street Journal had the news: Speaking before an audience of laboratory scientists at the annual […]
Coverage: Ad giant places executive on leave after gender comments
Advertising giant Publicis Groupe has placed executive Kevin Roberts on leave following controversial comments he made that were dismissive of the raging debate over gender diversity on Madison Avenue. Suzanne Vranica of The Wall Street Journal had the news: In an interview with Business Insider published Friday, Mr. Roberts said the debate about gender equality is […]
Coverage: Amazon crushes Wall Street expectations
Online retailer Amazon.com Inc. reported second-quarter earnings that crushed Wall Street expectations, sending its stock higher in after-hours trading. Krystina Gustafson of CNBC.com had the news: The online retailer reported earnings per share of $1.78 adjusted, easily sweeping past expectations for $1.11, according to a Thomson Reuters consensus estimate. Revenue came in at $30.4 billion, also […]
Reuters news revenue up in second quarter
Reuters News revenues were $79 million in the second quarter, up 7 percent compared to the prior-year period, its parent company Thomson Reuters reported Thursday. In the first quarter, Reuters News revenues were $75 million, up $1 million. Jessica Toonkel of Reuters writes, “Sales in the Financial & Risk division, which accounted for about half […]
Coverage: Facebook’s earnings beat expectations
Social media company Facebook reported second-quarter earnings on Wednesday that blew away Wall Street expectations due to rapidly rising ad revenues, sending its stock price skyrocketing. Jessica Guynn of USA Today had the news: The social-media giant has topped Wall Street estimates all but once since its May 2012 initial public offering. The secret to its nearly unblemished […]
TheStreet seeks financial news editor
TheStreet Inc., an award-winning financial media company, is seeking an experienced financial news editor in its New York bureau. The editor will work with TheStreet.com editors and contributors to produce clear, engaging columns and news stories on a variety of business and general interest topics. Responsibilities: • Will be able to write compelling, provocative headlines […]
