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Here's how to avoid the worst seat on the plane
The middle seat — especially in coach — is one of the most dreaded and common scenarios in flying.It's cramped, it's inconvenient, and it's often the only seats available on flights — particularly if...
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Netflix's 'violent' 12% drop probably isn't a big deal
Netflix stock got creamed on Tuesday, falling by more than 12% for the day.That large of a drop certainly grabs eyeballs, but based on the company's track record it may not be a big deal according to...
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Yahoo reports 11.3 percent fall in revenue
(Reuters) - Yahoo Inc reported a 11.3 percent fall in total quarterly revenue on Tuesday as the web pioneer struggles to boost growth in its core search and display advertising business, which it is in...
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Intel to cut 12,000 jobs, 11 percent of workforce
(Reuters) - Intel Corp said it would cut 12,000 jobs globally, or 11 percent of its workforce.The company said it would record a pre-tax restructuring charge of $1.2 billion in the second...
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Kuwait oil union says it will continue strike: spokesman
KUWAIT (Reuters) - Thousands of striking Kuwaiti oil and gas workers will carry on with their three-day-old strike until planned public sector pay cuts are cancelled, their spokesman said on...
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Airbus nears deal to sell 37 A321 jets to Delta: sources
PARIS (Reuters) - European planemaker Airbus is close to a deal to sell 37 of the current version of the A321 passenger jet to Delta Air Lines, two people familiar with the matter said.Such a deal...
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Viacom and Dish are in a war of words that could leave 13 million without...
Viacom's cable networks are in danger of getting dropped by Dish Networks.The owner of such networks as MTV, Nickelodeon, and Comedy Central launched a website Tuesday to pressure Dish into agreeing to...
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France bills McDonald's $341 million for unpaid tax: report
PARIS (Reuters) - French authorities have sent McDonald's France a 300 million euro ($341 million) bill for unpaid taxes on profits believed to have been funneled through Luxembourg and Switzerland,...
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Sadiq Khan is proposing two radical housing measures for Londoners
London has a significant housing crisis and Sadiq Khan, the frontrunner in the mayoral election race, just made some pretty radical pledges over how he would help people living in the capital.The MP...
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Argentina jobs recovery to start in August: minister
By Nicolás MisculinBUENOS AIRES (Reuters) - Argentina's economy should start adding jobs in August, as the country's return to global credit markets after a record 2002 default promises to boost...
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You'd have lost nearly 20% of your money if you bought these 21 hot tech IPOs...
After the manic IPO market in 2014 and the drop-off in 2015, the tech market has been all but dead in 2016. Not a single tech CEO took their company public in the first quarter of 2016.But that's...
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U.S. activist investors finding fewer opportunities; compromise more common
By Svea Herbst-Bayliss, Lawrence Delevingne and Michael FlahertyNEW YORK (Reuters) - What a difference a year makes.Activist investors, many of them nursing losses for a second straight year, offered...
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Marissa Mayer says execs are meeting daily about how to sell or spin off...
Yahoo's management team is meeting every day with advisers and a special board committee as the company explores "strategic alternatives" that involve everything from selling the company to spinning...
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Here's why Intel's CEO says they're laying off 12,000 people (INTC)
On Intel's Tuesday earnings call, CEO Brian Krzanich explained why the company is restructuring, including laying off up to 12,000 employees. Basically, the PC business is hurting, and Intel knows it...
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Argentina puts default behind it with new sovereign bond
By Hugh BronsteinBUENOS AIRES (Reuters) - Argentina burst back onto the global financial stage on Tuesday with its first sovereign bond offer since the country's 2002 default, hoping to pave the way...
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Silver is finally catching up to gold
Silver is finally catching up to gold.The price of silver has rallied over the last week, pushing the gold/silver ratio back to around 75x, from 83x at the beginning of March, according to figures...
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Yum Brands crushed earnings
Yum Brands, the parent company of Taco Bell and Kentucky Fried Chicken, announced earnings Wednesday and crushed expectations.The company posted adjusted earnings of $0.95 per share against analyst...
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Yum sales at China restaurants rise 6 percent
(Reuters) - Yum Brands Inc's sales at established restaurants in China accelerated in the first quarter as the restaurant company pursues a spinoff of that business, its top profit-driver, this...
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Tensions between UPS and its pilots are reaching an all-time high (UPS)
The battle between UPS and some of its pilots is getting more intense.The union representing pilots for the logistics and shipping giant has opened a "strike center" near the company's Louisville,...
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Online fraud attacks in the U.S. are growing at an alarming rate
This story was delivered to BI Intelligence "E-Commerce Industry Insider" subscribers. To learn more and subscribe, please click here.U.S. retailers moved to EMV chip-enabled credit and debit cards in...
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