By Sydney Ember and Emily Steel, The New York Times On the afternoon of July 2, a Southwest Airlines pilot had to abort a landing at Louis Armstrong New Orleans International Airport. A Delta Air Lines 737 was preparing to take off on the same runway. The sudden maneuver avoided a possible collision by seconds. Nine days later, in San […]

Gina Raimondo, the secretary of commerce, will travel to Beijing and Shanghai for a series of meetings next week, becoming the latest Biden official to visit China as the United States seeks to stabilize the relationship between the countries. Ms. Raimondo will meet with senior Chinese officials and American business leaders between Aug. 27 and Aug. 30, the Department of […]

Aggressive expansion and healthy like-for-like growth led to the third consecutive quarter of Rs 2,000 crore plus revenues. Ram Prasad Sahu reports. Riding on strong June-quarter numbers and positive brokerage outlook, the stock of retail major Trent hit a fresh all-time high on Monday (August 14). The stock has gained 14 per cent in five trading sessions. Continuing the trend […]

After turning in a mixed performance on Friday, U.S. stocks climbed higher on Monday, riding on the strength of technology shares. Bargain hunting contributed a bit to market’s uptick today. Activity in the market was somewhat subdued due to a lack of major U.S. economic data. Reports on import and export prices, retail sales, industrial production and housing starts are […]

SAG-AFTRA’s Los Angeles Local and the Writers Guild of America will hold a “National Day of Solidarity” rally on Tuesday outside Disney Studios. “SAG-AFTRA and WGA will join forces with the AFL-CIO and its affiliates from across the nation and across industries for a National Day of Solidarity,” SAG-AFTRA said in a statement today. “In this ‘Summer of Strikes,’ working […]

After four straight days of bargaining, the Writers Guild said tonight that it will meet again next week with the Alliance of Motion Picture and Television Producers. “Last Friday, 102 days after they walked away from the bargaining table and put us out on strike, the AMPTP offered responses to our proposals in all work areas,” the guild said tonight […]

Global smartphone sales will drop to their lowest level in a decade. Will the falling tide scuttle all companies in the business? Given Apple’s share of this market, investors ought to be concerned. (Customers are abandoning these 25 brands.) Highly regarded research firm Counterpoint recently released a paper titled “2023 Global Smartphone Shipments to Hit Decade Low As Apple Inches […]

Auto major Ford Motor Co. and its South Korean partners SK On and EcoProBM announced an investment of C$1.2 billion or about $885 million to build a cathode manufacturing facility in Quebec, Canada. Through the cathode joint venture or JV, the three companies are expected to have a stable supply of battery raw materials in North America. The new facility […]

In a shot across the bow of the giant media companies that it’s negotiating with to end its 108-day-old strike, the WGA West released a report today that calls for more government regulation of what it calls the “anti-competitive practices” of Disney, Amazon and Netflix, which it accuses of “abusing their dominance to further disadvantage competitors, raise prices for consumers, […]