Air France-KLM Names Jean-Marc Janaillac as New Chairman, CEO
PARIS—Air France-KLM’s board officially picked Jean-Marc Janaillac, head of bus and train operator Transdev, to replace Chief Executive Alexandre de Juniac, who is due to leave by August after struggling to restructure the ailing airline group. The board approved a recommendation made by the Nomination and Governance Committee, the Franco-Dutch company said in a statement. The board stressed Mr. Janaillac’s experience in the airline...>> view originalThe Next Stock Warren Buffett May Sell
What stocks Warren Buffett is buying is a closely followed story by many investors. However, since he's known as a buy-and-hold investor, it's less common to hear someone ask "What is Buffett selling?" However, Buffett does unload stocks from time to time. While there's no way to know for sure which of Berkshire-Hathaway's (NYSE:BRK-A)(NYSE:BRK-B) stocks will be next to go, here are three that our contributors feel could be on the chopping block. Sean Williams: To be clear, Warren Buffett is a..>> view originalTarget's Perception Takes A Hit After Transgender Bathroom Statement
Halliburton, Baker Hughes to Call Off Merger
Halliburton Co. and Baker Hughes Inc. are planning to call off their merger, once valued at nearly $35 billion, which encountered opposition on multiple continents from regulators who claimed that it would hurt competition in the oil-field services business. The announcement of an end to the merger agreement could come as soon as Sunday evening, according to people familiar with the matter. The deal to combine the world’s...>> view originalWill Chobani's big fat Greek giveaway to workers help its bottom line?
What do you get when a Kurd born in Turkey capitalizes on a Greek delicacy in upstate New York?In the case of Chobani, the answer is: a big fat success. Greek yogurt-making company Chobani – founded in 2005 and today valued at between $3 billion and $5 billion – has made headlines with its rapid growth and broad grab of market share. Last week Chobani's CEO, Hamdi Ukulaya, made headlines again when he announced on April 26, 2016 that Chobani would be granting its 2,000 full-time workers ownersh..>> view originalPuerto Rico expected to default further on debts
Puerto Rico’s Culebra island is only five miles long and seven miles wide. Visitors can board a daily ferry departing from Fajardo, on the main island, or take a Vieques ferry on weekdays. There are also daily local flights out of San Juan and Fajardo.(Photo: Puerto Rico Tourism Company)The confrontation between debt-swamped Puerto Rico and its creditors is intensifying as the U.S. territory will default on payments due Monday, deepening the island's financial crisis and placing additional press..>> view originalNo Water, No Teachers: Behind Detroit's Surge, Old Problems Stubbornly Persist
A year and a half after the city emerged from the largest municipal bankruptcy in U.S. history, Detroit 2.0 is still beset by crippling bugs in the system. Restaurants, hotels, offices and housing are going up at a rapid pace in Detroit — part of a post-bankruptcy resurgence that makes Detroit potentially one of the hottest investment markets in the country, the nonprofit Brookings Institution said last week. And yet, despite the revival fueled by what Brookings called historic cooperation..>> view originalSports Authority going out of business
Sports Authority says it will close all 450 stores across the country. The company filed for bankruptcy in March. Sports Authority said it has one point $1 billion in debt and won’t be able to reorganize. Originally it planned to close just a third of its stores but then decided to close them all. There are three stores in the Mid-South, one by Wolfchase Galleria, another on Poplar Avenue and one on Goodman Road in Southaven. Sports Authority has not announced a closing date. The company has 14..>> view originalIn L.A., new rail to the beach promises relief from car stress
Francis Aquino, whose company makes an app for meditation, has a most un-Zen commute: an 8-mile drive to Santa Monica that can take an hour and 15 minutes each way in bumper-to-bumper Los Angeles traffic. The 38-year-old office manager for Headspace Inc. is counting the days until he can instead ride a new $1.5 billion light rail line that opens May 20. It will connect Los Angeles with the ocean and adjacent parts of the city’s west side for the first time since trolley cars to the beach we..>> view original
Monday, May 2, 2016
Air France-KLM Names Jean-Marc Janaillac as New Chairman, CEO and other top stories.
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