The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
U.S. airlines have been bumping travelers at three times the rate of a year ago as hundreds of out-of-service planes force passengers to play a game of musical chairs at the airport.
Carriers denied boarding to 6,589 passengers in the three months ended in June, a rate of 0.3 per 10,000 passengers, compared with a rate of 0.1 for every 10,000 in the same period a year ago, the Department of Transportation said Thursday. That rate refers to travelers whom airlines bump, but not passengers who take a different flight voluntarily.
It's a small number of affected travelers compared with the 215 million passengers who boarded planes in the U.S., but it is partially driven by the grounding of the Boeing 737 Max, now in its sixth month. American Airlines and Southwest Airlines each have the planes in their fleet and have had to cut their growth and cancel thousands of flights as federal regulators haven't cleared the jets to fly after two fatal crashes, the most recent an Ethiopian Airlines jet in March.
Airline passengers, flying in what is expected to be the busiest summer travel season on record, are confronting increases in canceled flights, the DOT data show. U.S. airlines canceled 2.4% of their schedules in the first six months of the year, up from 1.7% a year ago.
American Airlines in June canceled 7,218 flights, about 4% of its scheduled operation and more than any other U.S. carrier. Overall, airlines canceled close to 15,000 flights in June, 19% more than in June 2018.
Fort Worth-based American, which has about 6,700 flights a day, is in the midst of a protracted dispute with the unions that represent its roughly 12,000 mechanics. The carrier is seeking damages from the unions, which it has accused of an "illegal work slowdown" to win leverage in contract talks, a move it said has forced it to cancel 950 flights over the past two months because of out-of-service planes.
"Our biggest challenge in the operation continues to be out-of-service aircraft," said American Airlines spokesman Ross Feinstein. "This reduces our ability to start the day right and to swap aircraft when needed as the day goes on. American Airlines team members are working diligently to take care of our customers during a challenging summer."
Flight delays have also increased. On-time arrivals fell to 73.3% in June, down from 76.4% a year earlier.