Delta apologizes after California family booted from flight
Delta Air Lines is offering refunds and compensation to a California family that says they were forced off a plane and threatened with jail after refusing to give up one of their seats on a crowded flight. A video of the April 23 incident was uploaded to YouTube on Wednesday and added to the list of recent encounters on airlines that have gone viral, including the dragging of a bloodied passenger off a United Express plane. Brian and Brittany Schear of Huntington Beach, California, told KAB..>> view originalHouse panel approves GOP Dodd-Frank rewrite
The House Financial Services Committee approved a bill Thursday to repeal and roll back significant pieces of the Dodd-Frank Wall Street Reform and Consumer Protection Act.The panel voted to send Chairman Jeb Hensarling’s (R-Texas) Financial CHOICE Act to the House floor, 34-26, along party lines. The bill would accomplish much of a long-term GOP goal: to revoke the expansive financial regulations passed under President Obama after the 2008 financial crisis and long protected by Democrats.All of..>> view originalUber Faces Federal Inquiry Over Use of Greyball Tool to Evade Authorities
Reuters reported on Thursday that the inquiry was a criminal investigation. The United States attorney’s office for the Northern District of California generally conducts criminal investigations, and some of the laws that Uber may have broken carry criminal penalties. A federal inquiry often does not result in any charges being filed. Press officers for Uber and the United States attorney’s office, as well as the City of Portland, declined to comment on Thursday.Uber has been grappling with a n..>> view originalUS Job Growth Bounces Back; Unemployment at 10-Year Low
• The broadest measure of unemployment, which includes people who are working part time or have dropped out of the labor market, was down sharply, to 8.6 percent, from 8.9 percent. The TakeawayAnalysts forecast better hiring in April after a disappointing showing below 100,000 in March, but the strong growth was even better than expected. Payrolls in the leisure and hospitality industry led the way, followed by health care and financial and professional services. “They’re not buying cars, but t..>> view originalTesla Has a Lot More in Store Than the Model 3
After Tesla Inc. reported earnings on Wednesday, Elon Musk cracked open the lid on his box of secrets. While most investors focused on rising costs and execution risk as he prepares for his most important product launch, the CEO dropped a pile of hints about what new adventures may be in store for the darling of America’s electrified future. Here are 14 noteworthy nuggets: Model 3 is “close to the bullseye.” As Tesla approaches the July launch of its first mass-market car, Musk provided details..>> view originalFCC Chief: Net Neutrality Rules Treating Internet As Utility Stifle Growth
Federal Communications Commission Chairman Ajit Pai has started the process to roll back Obama-era regulations for Internet service providers. Emily Bogle/NPR hide caption toggle caption Emily Bogle/NPR Federal Communications Commission Chairman Ajit Pai has started the process to roll back Obama-era regulations for Internet ..>> view originalWith maiden jet flight, China enters dog-fight with Boeing, Airbus
SHANGHAI China's home-grown C919 passenger jet completed its long-delayed maiden flight on Friday, a major first step for Beijing as it looks to raise its profile in the global aviation market and boost high-tech manufacturing at home.Under overcast skies, the white, green and blue aircraft, with "C919" emblazoned on its tail, touched down at Shanghai's international airport after an 80-minute flight to cheers from thousands of dignitaries, aviation workers and enthusiasts.The jet is a symbol ..>> view originalOil Steadies After Slump to Five-Month Low as Shale Subdues OPEC
Oil steadied after sliding below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices. The most important business stories of the day. Get Bloomberg's daily newsletter. In less than 10 minutes on Friday, U.S. futures slumped more than $1 amid a surge in volume. They have collapsed 8 percent this wee..>> view originalThe best verbal beatings US lawmakers gave airline executives this week
The violent removal of passenger David Dao from a United Airlines flight last month landed US airline executives in the hot seat on Capitol Hill this week, where they received hourslong scoldings by lawmakers over the vast powers the consolidated US airline industry has over prices and overbooking, and how it wields its authority over who gets to fly and who doesn’t, all of which contrasts sharply with consumers’ increasingly on-demand world. House and Senate committees summoned executives from..>> view originalInvestors should watch what Buffett buys, not what he sells, says billionaire Mario Gabelli
Investors should watch what Warren Buffett is buying, not what he has sold, billionaire value investor Mario Gabelli told CNBC on Friday. Gabelli, chairman and CEO Gamco Investors, spoke a day after Buffett announced that his Berkshire Hathaway had unloaded about a third of its stake in IBM. "What is Warren looking at? Where is he going hunting? Forget about what he sold, OK? That was done. Where is he going?" Gabelli said on "Squawk Box," a day before the Berkshire Hathaway annual shareholder..>> view original
Tuesday, May 30, 2017
Delta apologizes after California family booted from flight and other top stories.
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