Delta says it lost $100 million in revenue due to big outage
ATLANTA (AP) — Delta Air Lines Inc. said Friday that last month’s computer outage, which caused it to cancel 2,300 flights, cost $100 million in lost revenue. The airline also said that a key revenue per mile figure fell sharply in August, partly because of the outage. A fire and failure of a piece of equipment at Delta’s Atlanta headquarters on Aug. 8 caused a massive outage of the airline’s computer systems, temporarily grounding flights and leading to three days of heavy cancellations and de..>> view originalLong Holiday Weekend Follows Jobs Data as Fed Hike Chances Seem to Recede
Ireland to join Apple in fight against EU tax ruling
The Independent Alliance, a group of five lawmakers, fell in line after the coalition agreed to conduct a review of what tax multinationals pay and what should they pay. Transport Minister Shane Ross, an Alliance member, defended Apple up to a point. "I think they were acting legally. What they were doing was making use of extraordinary loopholes that existed there," he told reporters. "Multinationals provide absolutely vital jobs to the economy ... (but) multinationals should pay a ..>> view originalChina's Antitrust Probe Of Didi-Uber Deal Is Political Theater Aimed At Foreign Companies
Slower Growth in Jobs Report May Give Fed Pause on Interest Rates
“You have many young, inexperienced workers joining the work force today, and many older workers at the peak of their earnings retiring,” said Andrew Chamberlain, chief economist at Glassdoor Economic Research. “That churning is pulling the average wage down.” Diversity in wage growth is wide. “Most of the best gains are in skilled jobs, like tech, health care and finance,” Mr. Chamberlain said. “There are very poor wage gains in many blue-collar professions, especially manufacturing and energy..>> view originalAsia Pacific|Obama and Xi Formally Commit US and China to Paris Climate Accord
Mr. Obama’s chaotic welcome on the tarmac captured the mood. Chinese security officials kept back reporters trying to cover his arrival, and they did not follow the usual procedure of rolling a large set of stairs to Air Force One’s door, forcing the president to exit by a rarely-used lower door in the belly of the plane. Later, shouting matches broke out between Mr. Obama’s staff and guards over how many people were allowed into the state house where he and Mr. Xi met.Even China’s climate comm..>> view originalLowest Labor Day gas prices in 12 years good for wallet, bad for roads
Millions of Southern Californians are expected to take to the road this Labor Day weekend, spurred by record-low gas prices for the summer holiday. According the Automobile Club of Southern California, Labor Day gas prices haven't been this low since 2004, when the TV show "Friends" had just aired its final episode, Britney Spears was marrying for the second time and a little website called Facebook launched — open only to college students. While prices are slightly higher in Los Angeles than l..>> view originalIs Elon Musk trying to do too much too fast?
If you deal in cars and rockets, you’re going to have crashes and blasts.But how many crashes and blasts before your business takes a fatal hit? That’s one of many questions facing Elon Musk, now engaged in one of the most fascinating stories in the history of business, a story playing out in real time.The spectacular explosion Thursday of a Falcon 9 rocket manufactured by SpaceX, a Musk company, inflames concerns about his management style -- that he’s trying to do too much too fast. “This r..>> view originalSorry, Folks, But Wall Street Won't Predict the Next President
These days, political journalists (including us) are all taking a pickaxe to the same election coverage problem. With polling so obviously in need of an update, where do you turn for a credible assessment of public opinion? People are unearthing new theories all the time, so you end up with a newsfeed awash with articles touting brand new, unconventional sourced data. Trouble is, not every bird in an the election prediction coal mine is a canary. Which brings us to this week’s hot would-be poll..>> view originalHanjin bankruptcy fallout headed to inland warehouses
Saturday, September 3, 2016
Delta says it lost $100 million in revenue due to big outage and other top stories.
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