American Business News for 26 Feb 2016
Republic Airways filed for bankruptcy Thursday, citing a lack of pilots to keep it solvent. If you've never heard of Republic Airways, there's a good reason: American Airlines, Delta Air Lines... and United Airlines use Republic as a feeder carrier for smaller flights, using Republic aircraft and crew to operate flights but predominantly retaining the mainline carrier's brand on aircraft and marketing material. Republic plays a considerable role in supporting those carriers, however, operating hundreds of short-haul flights on Embraer and Bombardier aircraft each day.
Joshua Roberts/Reuters Societe Generale has cut its expectations for the Federal Reserve. Societe Generale Global Head of Economics Michala Marcussen said in a note Friday that the Fed will... only get in one additional rate hike in this year. "We now expect only one hike at the end of this year," wrote Marcussen. "The Fed may try to hike earlier if market volatility subsides, however as the taper and lift-off have taught us, repricing of market expectations is likely to be challenging and it will probably take longer than the Fed would like." The Fed raised rates for the first time in 9 years back in December. Marcussen emphasized that while she is changing her expectations, the Fed will most likely be reluctant to do so. "Importantly, we do NOT expect the dots to converge to our...
Pool & Spa Enclosures will turn your pool into a sun room. Retractable enclosures keep the heat from the sun in, while keeping bugs and dirt out. Story by Jacob Shamsian and editing by Jeremy Dreyfuss... Follow INSIDER Design on FacebookFollow INSIDER on YouTube
Zhou Xiaochuan, governor of the People's Bank of China, said again that he sees no reason for the Chinese currency to fall persistently and stressed that authorities have room to support economic... growth.
The proposal would create a way for New York City's estimated 1.4 million private-sector workers who do not have employer-sponsored retirement plans to set aside money in a city-organized program.
Looks like Tidal's ship may be coming in. Phone giant Samsung, which enjoys a long relationship with Jay Z's music streaming service, has restarted talks to acquire the 16-month-old company, several... sources told The Post. Samsung, which is expected to have a big presence at this year's Oscars, has long been rumored as an interested...
Robert Kaluza stood accused of negligence in interpreting a critical test that contributed to the spill. Jurors reached a verdict in under two hours.
In the Canadian Navy, "first kiss" is a tradition in which one sailor is picked at random to disembark first and kiss his significant other. This year, they broke new ground with the first ever... "first kiss" between a same-sex couple. Story by Ian Phillips and editing by Stephen Parkhurst Follow INSIDER on FacebookFollow INSIDER on YouTube
Takkar is certainly the most unique hero Ubisoft's Far Cry series has seen to date. His lead role in Far Cry Primal is that of a brutal Mesolithic clan leader, aiming to establishing a tribe in the... land of Oros. But Takkar may be more than just a grunting, bear-riding warrior. He might actually be the key to the entire Ubisoft universe, as the very first Assassin. Yes, those Assassins.
Wilfredo Lee/AP Longtime Cleveland big man Anderson Varejao recently signed with the Golden State Warriors after being traded to and subsequently waived by the Portland Trail Blazers at the trade... deadline. After 12 years and two NBA Finals appearances with the Cavaliers, Varejao now finds himself in an even more enviable position than playing alongside LeBron James. The Warriors are 51-5, and Varejao has fallen upward — waived by the Blazers and now in prime position to land his first ring. It's not surprising, then, that Varejao has done nothing but gush about the Warriors since landing with Golden State. "I'm glad I came here because I can tell they love each other," Varejao told CSN Bay Area's Monte Poole earlier this week. "When you want to win, you have to be like they are....
Facebook this week added new "Reactions" to supplement its signature Like button. People have mixed feelings about the additions so far, but one simple trick might make it all better.... Here's what Facebook Reactions normally look like: RAW Embed That's great and all, but do yourself a favor and change your language to "English (Pirate)." You can change Facebook's language in the bottom left corner of your screen. Now, you should see this when you hover over Facebook's new Reactions: RAW Embed Yar, that's much better. NOW WATCH: WHERE ARE THEY NOW? Here's what the 'Dude You're Getting A Dell' guy is doing today
They want a class of individuals who will each contribute to the vibrancy of the community and to the learning of one another.
A short list for every CEO.
Ben Leuner/AMC LinkedIn Influencer Travis Bradberry published this post originally on LinkedIn. At work or elsewhere, most everyone has experienced a relationship that turned toxic. If you have, you... know they’re a major drain on your energy, productivity, and happiness. In a new study from Georgetown University, 98% of people reported experiencing toxic behavior at work. The study found that toxic relationships negatively influence employees and their organizations in nine notable ways: 80% lost work time worrying about the incidents. 78% said that their commitment to the organization declined. 66% said that their performance declined. 63% lost work time avoiding the offender. 47% intentionally decreased the time spent at work. 38% intentionally decreased the quality of their work....
With Twitter struggling for growth and focus, what better person to ask for advice than the head honcho of a rival social network that’s emerged as one of the most valuable companies in the... world? While Jack Dorsey won’t be calling Mark Zuckerberg any time soon, during a town hall Q&A in Berlin this afternoon, […]
MONTREAL -- Canadian airlines say impending U.S. travel to Cuba could spur cross-border travelling by Canadians in search of cheaper flights from American airports to the Communist Caribbean island.... While the low loonie has generally discouraged treks by Canadians to border-area airports in recent months, an eventual rise could prompt them to head once again to the U.S., especially if those hubs start offering an array of flights to Cuba, a longtime favourite for Canada's sun-seekers. "Should U.S. border airports start offering services to Cuba, it definitely has the potential to exacerbate the leakage of passengers," said Marc-Andre O'Rourke, executive director of the National Airlines Council of Canada. That would add fuel to the industry's long-standing complaint that its...
BRUSSELS -- A Belgian judge charged Swiss bank UBS on Friday with money laundering and "serious and organized tax evasion,'' saying it directly sought clients in the country to help them skip taxes.... UBS is Switzerland's largest bank and is considered the world's largest wealth manager. The spokesperson for the crown prosecutor, Jennifer Vanderputten, said in a statement that the charges were laid thanks to co-operation with French authorities, and refused to provide additional details. UBS said in a statement it takes note of the Belgian authorities' actions. "UBS will continue to defend itself against any unfounded allegations.'' The charges come on top of previous ones against UBS's Belgian subsidiary. In that case, the head of the Belgian division was charged in June 2014 on suspicion...
Alibaba Group Holding is in discussions with banks for a loan of up to $4 billion to fund expansion plans, according to sources of The Wall Street Journal.
Online lender will pay a larger piece of its fees to a banking partner in return for the bank taking more risk.
Happy Friday! It's a super busy morning for the US economy — here's what you need to know: The second estimate for US GDP growth in the fourth quarter will cross the tape at 8:30 a.m. ET. ... Expectations are the pace of growth in the final quarter of 2015 will be revised down to 0.4% from 0.7%. Personal consumption in the fourth quarter of 2015 is expected to remain steady at 2.2%. Personal income and spending will cross the tape at 10:00 a.m. ET and is expected to show a 0.4% increase in incomes and a 0.3% increase in spending. This report will also contain the latest "core" PCE inflation measure — the Fed's preferred reading — which should show prices rose 1.5% over last year in January. The Fed's inflation target is 2%. The final reading on...
On Thursday, Mark Zuckerberg received the first ever Axel Springer Award at a ceremony in Berlin. Billionaire entrepreneur Peter Thiel gave a speech that imagined what the world would be... like without Mark Zuckerberg.
It’s official – data scientist is the best job in America, according to users of online employment analysts Glassdoor.
Gulf Coast exports of liquefied natural gas are expected to loosen Russia's dominance in the European energy market.
(Reuters) - Department store operator J.C. Penney Co Inc reported a better-than-expected quarterly revenue, helped by strong sales at it its Home, Sephora, Footwear and Handbags divisions.