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 originalIreland Joins Forces With Apple to Combat the EU Tax Ruling
Ireland’s cabinet agreed on Friday to join Apple aapl in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker, despite misgivings among independents who back the fragile coalition. The Commission’s ruling this week that the U.S. tech giant must pay up to 13 billion euros ($14.5 billion) to Dublin has angered Washington, which accuses the EU of trying to grab tax revenue that should go to the U.S. government. With transatlanti..>> 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 originalSpaceX scouring data for clues to launch pad explosion
Smoke rises from a SpaceX launch site Thursday, Sept. 1, 2016, at Cape Canaveral, Fla. NASA said SpaceX was conducting a test firing of its unmanned rocket when a blast occurred. (AP Photo/Marcia Dunn). SpaceX is scouring computer and video data for ...>> view originalBond Traders Split on September as Fed Rate Path Remains Unclear
Treasuries traders who were looking to Friday’s U.S. jobs data to settle the Federal Reserve’s path on interest rates came away just as uncertain as before.A lukewarm August payrolls report left Wall Street divided about whether policy makers will act when they meet Sept. 20-21. Strategists at Goldman Sachs Group Inc. and Barclays Plc said the report bolsters the case for a September hike, while Citigroup Inc. and Deutsche Bank AG said the data don’t support such a move. Futures traders showed ..>> view originalHanjin bankruptcy fallout headed to inland warehouses
China's Antitrust Probe Of Didi-Uber Deal Is Political Theater Aimed At Foreign Companies
Asia 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 originalSlower 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 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 original
Wednesday, September 14, 2016
Delta says it lost $100 million in revenue due to big outage and other top stories.
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