Business

Delta Air Lines said it resumed operations after a “technology issue” briefly halted domestic departures on Tuesday evening. The second-largest U.S. airline had issued a ground stop for U.S. flights, which prevented planes from departing. It said there had “been no disruption or safety issue with any Delta flight currently in the air.” Delta tweeted
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Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in the coming weeks, adding to the challenges facing Instagram’s parent company, Facebook. Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer, notified Instagram’s leadership team and Facebook on Monday of their
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First-weekend demand for the new Apple Watch was much higher than expected according to analyst Ming-Chi Kuo, who has a reputation for accuracy, particularly when it comes to predicting new products. The Apple Watch Series 4 has a larger screen and built-in cellular connectivity. It also an electrocardiogram sensor, which will soon be able to
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Luke Sharrett | Bloomberg | Getty Images A worker cleans a part of a gas turbine on the assembly line at the General Electric energy plant in Greenville, South Carolina. General Electric shares fell to a new 9-year low on Monday, dropping to levels not seen since July 22, 2009, as concern about the a
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Comcast outflanked rival Twenty-First Century Fox in a $39 billion takeover of British broadcaster Sky on Saturday, submitting a much higher bid in a rare three-round auction that pitted two of America’s largest media companies against one another. The U.S. cable giant outbid its rival by $3.6 billion, offering £17.28 (over $22 per share, according
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Wall Street wasn’t pleased with Red Hat’s second-quarter revenue miss on Wednesday, but the software company’s outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday. An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business
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Fashion designer Rebecca Minkoff is feeling the effects of President Donald Trump‘s tariffs, but she told CNBC on Friday she’s not planning to inflict pricing pain on her customers. Minkoff’s handbags are made in China and are subject to the new tariffs. “We’re not looking to raise prices. I think we’re willing to take a
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Two cosmetics retail giants, Sephora and Ulta Beauty, started very differently, but as the consumer demand for makeup increases, the strategies of these two retailers are converging. Sephora began with a focus on luxury cosmetics in urban areas, while Ulta specialized in mass market products in suburban areas. Now, each are growing, trying to capture
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Snap Inc.: “In the $20s, $30s, it was bad. Then they missed the quarter really badly, about as bad as I’ve ever seen a miss, so I can’t get behind it. I’m sorry. That was just a really bad miss. Sometimes you listen to the companies and they really screw up and that one really
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Under Armour said Thursday its restructuring program will now cost more than it previously expected, as it plans to cut about 400 jobs, or about 3 percent of its global workforce, by March. The athletic apparel company known for its compression tees and performance clothing has been struggling as competition heated up, and rivals like
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Red Hat stock fell as much as 7 percent and then rebounded on Wednesday after the company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the
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FilmMagic | Getty Images Entreprenuer Kimbal Musk speaks onstage during day 2 of the 2015 Life is Beautiful festival on September 26, 2015 in Las Vegas, Nevada.  Elon Musk is working hard for Tesla shareholders and the company’s focus is on delivering the Model 3, said Musk’s brother and Tesla board member Kimbal Musk on
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Heading into Monday’s fiscal first quarter earnings report following the market close, Oracle is looking for a story to tell investors that could get them excited for the future. Analysts anticipate almost no revenue growth this fiscal year, despite company executives frequently touting Oracle’s cloud business and telling investors it can deliver cheaper cloud-computing services
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