In the past two weeks, customers of top U.S. banks including Bank of America Corp, JPMorgan Chase& Co, Wells Fargo& Co, U.S. Bancorp and PNC Financial Services have reported having trouble accessing their websites, as unusually high traffic volumes appeared to crash or slow down the systems.
The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.
BOSTON/ SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison said the company will focus on driving organic growth through a new suite of cloud computing software versus pursuing major acquisitions for now, though he would not rule out a big deal "down the road."
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.
BOSTON-- Shares of MSCI Inc. plunged in afternoon trading Tuesday after a key index-licensing customer, Vanguard Group, said that some of its mutual funds will drop MSCI as the provider of market benchmarks that the funds track.
Deval Patrick's administration has announced more than $600 million in capital investments in the University of Massachusetts system.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.
BOSTON, Oct 2- The $50 billion Massachusetts state pension fund returned 1.27 percent in August, narrowly beating its benchmark on strong performance from global stock funds, according to a monthly report released on Tuesday. His base annual pay will be increased to $295,000 from $245,000.
BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
Oct 2- A federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.
BOSTON, Oct 2- There are steps you can take to improve your presentation, even in midstream, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.
Oct 2- A U.S. federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.
NEW YORK-- Electronic payments processor Global Payments said Tuesday that it has completed its $413 million acquisition of smaller client Accelerated Payment Technologies. Global Payments Inc. announced the deal in August. Global Payments shares finished at $41.79 on Monday.
Oct 2- LPL Financial LLC, the largest U.S. independent broker-dealer by revenue, said on Tuesday it landed San Diego- based independent advisory firm Washington Wealth Management LLC with $750 million in client assets.
BOSTON-- A monthly index measuring confidence among Massachusetts employers has slipped a bit after showing improvement for two consecutive months.
DENVER, Oct 1- Relatives of victims of a Colorado movie theater shooting rampage demanded on Monday that President Barack Obama and Mitt Romney address gun violence in their first presidential debate this week in Denver.
DALLAS-- The federal government is examining two separate incidents in which passenger seats came loose midflight on American Airlines planes in the last three days. On Saturday, a flight from Boston to Miami made an emergency landing in New York after three passenger seats came loose shortly after takeoff.
NEW YORK-- Shares of Boston Beer Co. fell Monday after a UBS analyst highlighted concerns about stalling sales growth. That could mean overall revenue growth may be lower in 2013 than investors and Wall Street analysts expect. Boston Beer did not immediately respond to a request for comment.
Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. The company's shares were up 4.3 percent at $43.26 in afternoon trade on the Nasdaq.