Corporate News

Air Berlin files for bankruptcy after shareholder pulls plug

Aug 15, 2017

Struggling German airline Air Berlin says it's filing for bankruptcy after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available

Safety council: Motor vehicle deaths dip slightly in 2017

Aug 15, 2017

The National Safety Council says preliminary data shows motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they are still significantly higher than two years ago

Mazda recalls nearly 80K vehicles to replace faulty air bags

Aug 15, 2017

Mazda is recalling nearly 80,000 cars and SUVs, some for a second time, to replace dangerous Takata air bag inflators

US retail sales jumped 0.6 percent in July

Aug 15, 2017

US retail sales rose 0.6 percent in July amid strong auto demand, best gain in 7 months

Home Depot beats Street 2Q forecasts

Aug 15, 2017

Home Depot tops 2Q net income and revenue expectations

The Latest: Intel CEO resigns from Trump business council

Aug 15, 2017

The CEO of computer chip maker Intel is resigning from President Donald Trump's American Manufacturing Council, bemoaning "the serious harm our divided political climate is causing to critical issues."

Wisconsin Assembly committee approves Foxconn incentives

Aug 14, 2017

A Wisconsin state Assembly committee has approved a $3 billion tax incentive package for Taiwan-based Foxconn Technology Group

Berkshire Hathaway sells off GE stake, boosts BNY Mellon

Aug 14, 2017

Warren Buffett's company has eliminated its stake in General Electric and boosted its investment in the Bank of New York Mellon Corp.

Music service Pandora names Dish streaming exec Lynch as CEO

Aug 14, 2017

Music service Pandora has named Roger Lynch, the head of Dish's streaming video service, as its CEO as it wrestles with competition from Spotify and other newer music apps

Netflix wins 'Scandal' creator Rhimes in blow to Disney, ABC

Aug 14, 2017

Shonda Rhimes, the creator of the popular television series "Scandal" and "Grey's Anatomy," has signed a deal to make new series for Netflix