Economy

And while Qatar, along with Emirates and Etihad, has invested in other carriers - Etihad, for example, has a large stake in ailing Alitalia Airlines - an investment in a US carrier likely will spark a strong response. American Airlines shares climbed 3% in response to news of the unsolicited approach from Qatar Airways , which said in a statement that it is planning to buy an initial stake of 4.75%.
  • Uber founder resigns as CEO

    Uber founder resigns as CEO

    Economy

    He will remain on the board of directors. A successor was not immediately announced. The move comes at a pivotal time for the largest ride-hailing company. On the streets of NY on Wednesday, drivers and riders seemed unfazed by the shakeup, and business continued as usual. A new CEO will have more clout to make real changes than a second-in-command ever would have.
  • North Korea defends treatment of Warmbier

    Economy

    The two-time contestant of "Celebrity Apprentice" also used the interview to encourage President Trump to make more of an effort with North Korea. According to his source in Pyongyang, he had wrapped his shoes in newspaper that had images of ruler Kim Jong-Un while packing.
  • Store owner feels blessed selling winning ticket

    Store owner feels blessed selling winning ticket

    Economy

    The victor will have the option of taking the entire $447.8 million spread out over 30 years or elect to take the lump sum amount of $279.1 million. Saturday's estimated US$447.8-million jackpot, the seventh largest in Powerball history, beat out the US$435.3 million won by a ticket buyer in IN in a Feb 22 drawing, after a late surge in ticket buying.
  • United To The MAX

    United To The MAX

    Economy

    Also on Tuesday, Blue Air concluded a long-term lease agreement with US-based Air Lease Corporation (ALC) for six new Boeing 737 MAX 8 and six used 737-800 aircraft. The fact that the orders and commitments now consist of 25% lessor orders, shows that there is a certain level of confidence in demand for the product and technical performance.
  • New setback for Trump travel ban

    New setback for Trump travel ban

    Economy

    Department of Justice's request to the Supreme Court to approve President Trump's revised travel ban . The second travel ban , signed by Trump on March 6 as part of his executive order , bars nationals of Libya, Iran, Somalia, Sudan, Syria and Yemen from entering the United States for 90 days; and suspends the entry of all refugees.
  • Official urges limited Fed role in addressing US inequality

    Official urges limited Fed role in addressing US inequality

    Economy

    The divide could threaten the consensus that Ms. Yellen has cultivated in her time at the helm. Cleveland Fed President Loretta Mester did not comment on interest rates or USA economic prospects in her prepared remarks. He has argued that the Fed should not raise rates any more until it is clear the economy has shifted to a higher growth, higher inflation "regime".
  • Trump labors to make Mueller-Comey tie a key talking point

    Economy

    Former prosecutors said the tweets could be of interest to Special Counsel Robert Mueller , who is said to be examining whether Trump attempted to obstruct Comey and the FBI's investigation in his wide-ranging probe. Not to mention, Comey was directing the examination until the point that Trump terminated him out of disappointment with the inquiry. "I mean the whole thing is ridiculous, if you want to know the truth".
  • Sarno: 3rd CT casino will be "glorified slots parlor"

    Economy

    The 2nd U.S. Circuit Court of Appeals in Manhattan yesterday ruled that a lower court judge was correct in tossing MGM's suit against the Nutmeg State a year ago. The tribes' proposed facility would be located off Interstate 91 in East Windsor, just minutest from the MA state line. MMCT had taken a long time to decide on the location of the third casino as there were as many as 5 locations who were interested in playing host to the casino.