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Qatar Airways wants to buy 10 percent stake in American Airlines

Business / Business News /

FORT WORTH, Texas -- Qatar Airways wants to purchase a 10 percent stake in American Airlines, a move called "puzzling" by the Fort Worth-based airline's top executive and criticized by union leaders.

In a memo to employees, CEO Doug Parker noted that American has repeatedly criticized the state-owned Persian Gulf airlines for violating trade ...Read more

Uber employees petition for former CEO Travis Kalanick's return

Business / Business News /

SAN FRANCISCO -- The majority of Uber's investors may have wanted its co-founder and chief executive Travis Kalanick out, but some employees of the ride-hailing company are already calling for his return.

In a petition that began circulating within Uber on Wednesday, employees called for Uber's board of directors to reinstate Kalanick, who ...Read more

Conservative commentator Hugh Hewitt gets a show in MSNBC's weekend expansion

Business / Business News /

MSNBC is expanding its live news programming lineup, including a new Saturday show hosted by conservative commentator Hugh Hewitt.

Hewitt, best known as a host for the right-leaning Salem Radio Network, will have a half-hour Saturday morning program airing at 8:30 a.m. Eastern. The move is likely to get some gimlet-eyed looks from MSNBC viewers...Read more

Boeing outsells Airbus at Paris Air Show

Business / Business News /

On the final business day of the Paris Air Show, Boeing emerged the clear winner over rival Airbus thanks largely to sales of the 737 MAX.

Randy Tinseth, Boeing vice president for marketing, said in a phone interview on Thursday from Paris that although the 737 MAX 10, successfully launched in Paris, was "clearly the star of the show," ...Read more

Tesla explores setting up a factory in China

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Tesla Inc. is working with the city of Shanghai to "explore the possibility" of opening a factory in the area, the maker of electric cars confirmed Thursday. Sales in China generate a hefty chunk of Tesla's revenue, and moving some manufacturing near those buyers would slash some costs.

"While we expect most of our production to remain in the U...Read more

Yellen's future at Fed resisted by Trump aides wanting new blood

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WASHINGTON -- Federal Reserve Chair Janet Yellen's candidacy for another term is encountering resistance from some Trump administration advisers who want a new leader at the U.S. central bank, according to two administration officials, even as the Treasury secretary indicated she may still be in the running.

While White House officials are ...Read more

Michael Hiltzik: With Uber CEO departure, we'll now see the real value of the firm

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Now that its bad-boy co-founder Travis Kalanick has resigned as Uber's CEO, the question will be asked: Is Kalanick's departure bad for Uber, or good for Uber?

The answer is yes.

It's good for Uber, because the company has a better chance of shedding its reputation as a howlingly bad place to work unless you're a young white male; and its ...Read more

The Mortgage Professor: Down payment assistance and defaults

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Do down payment assistance programs result in more defaults?

The answer to that question depends on whether or not the assistance weakens the role of down payments in minimizing mortgage defaults and losses from defaults. Such losses are borne by whoever bears the risk of default: the lender, the investor who purchases the loan from the lender,...Read more

Consumer Confidential: Trump's answer to the obesity epidemic: Here, have a cookie

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The most attention-getting news out of the food industry last week was Amazon's announcement Friday that it's buying Whole Foods for nearly $14 billion. But that wasn't the most important news.

The most important news was a largely overlooked announcement from the Trump administration that it's bowing to the wishes of food companies -- and ...Read more

Real estate Q&A: Delinquent owners can't serve on condo or HOA boards

Business / Business News /

Q: I found out one of the board members of our association is delinquent in paying the monthly dues. How is this OK?

-- Frank

A: It's not OK. In Florida, the law doesn't permit people who are delinquent in any association obligations to serve on the board of directors. If the person already is on the board, he or she should immediately be ...Read more

On the House: If you could sell your home with just a few clicks, would you?

Business / Business News /

Even a decade ago, the idea that a typical consumer could hire a personal assistant on demand to clean the house, ship the packages, and shop for the groceries was almost unimaginable.

So was the idea that, with just a few taps on a screen, you could jump into a spotless sedan driven by a man named Steve and have him take you anywhere. Long ...Read more

Trump reports growing income from South Florida businesses

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FORT LAUDERDALE, Fla. -- President Donald Trump's income from his South Florida clubs has soared since the real estate mogul became commander in chief, according to his financial disclosures.

Trump's combined income reported from his Mar-a-Lago Club in Palm Beach and his golf clubs in Jupiter, West Palm Beach and Doral has doubled to $191 ...Read more

Embattled Uber CEO Travis Kalanick resigns; board says he's putting company first

Business / Business News /

SAN FRANCISCO -- Travis Kalanick never ran away from a fight. When cities challenged the legality of his ride-hailing service, he ordered drivers to continue picking up passengers. When competitors complained about his tactics, he lowered prices and tried to poach their drivers. He even got into a spat -- caught on video -- with one of his own ...Read more

After Travis Kalanick's resignation, can a new CEO move Uber forward?

Business / Business News /

With $6.5 billion in annual sales and 12,000 employees around the world, Uber Technologies hardly resembles a blank slate.

But that's the pitch -- long-awaited in some of its investors' and employees' eyes -- that Uber can now make with this week's resignation of Chief Executive Travis Kalanick.

Under Kalanick, the 8-year-old San Francisco ...Read more

Uber drivers have their say about CEO Travis Kalanick's resignation

Business / Business News /

LOS ANGELES -- Former Uber Chief Executive Travis Kalanick is a controversial figure, even among drivers for the ride-hailing company.

Though the San Francisco firm has put money in the wallets of the drivers who offer rides on its platform, many drivers opposed Kalanick's decisions and Uber's leadership under his watch.

Some drivers have ...Read more

Patrick May: Who will run Uber now that Kalanick is gone?

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SAN FRANCISCO -- While the tech world chewed over the shocking news that Uber CEO Travis Kalanick was stepping down, another narrative was surfacing throughout Silicon Valley that promised to be just as big of a story as the demise of the startup's bad-boy founder:

Who will take over as Uber CEO?

With Kalanick leaving such a huge -- and messy ...Read more

George Clooney and partners agree to sell Casamigos tequila line for up to $1 billion

Business / Business News /

Actor George Clooney says he started his upscale tequila company Casamigos with two friends simply because they wanted to make a better-tasting tequila.

Four years later, their product has a fast-growing following, and Clooney and his partners Wednesday agreed to sell Casamigos -- or "house of friends" -- for up to $1 billion to British liquor ...Read more

Uber CEO Travis Kalanick resigns

Business / Business News /

SAN FRANCISCO -- One week after taking a leave of absence from the $70 billion company he founded, ride-sharing firm Uber's CEO Travis Kalanick has resigned.

The embattled executive stepped down Tuesday in response to a letter signed by several of Uber's shareholders, said a person familiar with the situation who asked not to be named.

The ...Read more

Bribes, borders and middlemen: Why India's new tax reform is a game changer

Business / Business News /

NEW DELHI -- Seized vehicles. Bribes. Dayslong delays. Moving goods across Indian states isn't exactly easy -- and that's a major barrier to economic growth.

Rolling a truck of vegetables into Gujarat, the state once governed by Prime Minister Narendra Modi, requires a bribe of 500 rupees to 2,000 rupees even with your papers in order, ...Read more

Jennifer Van Grove: This is big: Uber drivers can accept e-tips

Business / Business News /

It's a new era for Uber. Tuesday, the company announced a fundamental shift in policy that grants its independent contractors the thing they've requested most: an in-app tipping feature.

With the change, drivers in Seattle, Minneapolis and Houston can now accept e-tips, should customers opt to leave them, following each ride or delivery.

The ...Read more

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