SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung says it will launch the Galaxy Fold in the U.S. on Sept. 27. The launch was delayed from April after reviewers found it broke easily.Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
The two "Queens of the Sky" were from a bankrupt cargo company, Jade Cargo International, and sold to Chinese logistics company SF Express, according to the listing. The Intermediate People's Court of Shenzhen City had attempted six previous offline auctions, BBC reported, before putting the planes up on Taobao.
The bids on one of the planes opened Monday at 135 million yuan, with 27 bids placed before the final sale of just over 162 million yuan, or about $25 million.
A third plane went unsold due to only one buyer registering to bid, Chinese news agency Xinhua reported.
The bids still are not the highest-ever sale on an online auction site, according to BBC. The No. 1 sale remains a superyacht that went for $85 million on eBay in 2006.
Alibaba, eBay and Boeing did not immediately respond to requests for comment.
The sales represent the next chapter in the 747's long history, as the jumbo jets face retirement among passenger carriers, though they are still used as air freighters. Earlier this month, United Airlines retired the 747 from its fleet with a final flight to Hawaii. Delta Air Lines, now the last U.S. carrier operating the plane, plans to offer its last commercial flights aboard its 747s at the end of the year.
— CNBC's Leslie Josephs contributed to this report.