Under Jeff Smisek’s stewardship, the merger of United Airlines and Continental was marred by mediocre stock performance, computer glitches, and low grades from consumers. But Smisek’s sudden ouster as the airline’s CEO likely had more to do with inquiries pegged to alleged corruption at the Port Authority of New York and New Jersey than his turbulent tenure at the carrier's helm. “It
After a month of market volatility and an announcement it will close dozens of underperforming stores, Macy’s will soon open Best Buy shops within some of its department stores as a way to test selling consumer electronics. The companies announced the arrangement earlier this week, which will begin in 10 Macy’s stores across the country in November. The 10
Job openings surged to a record high in July even as hiring fell, signaling a tighter labor market that's expected to soon push up wage growth. Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000, the Labor Department said Wednesday. The previous high was 5.4 million in May. The report doused a market rally as investors took it as
Chevrolet's 2016 Malibu, which has been overhauled with a new sleek look, will have a new, lower base price. The new version of the midsize sedan carry starting prices ranging from $22,500, including shipping charges, for the base L model to $31,795 for the up-level Premier package. The current lowest priced Malibu is $23,290. "We've continued our focus on delivering on the highest levels
Fiat Chrysler Automobiles said today it is recalling nearly 1.7 million recent-model Ram pickups to check or repair wiring harnesses, airbags and steering components that may be faulty. The automaker issued three separate recalls that affect its popular Ram 1500 or larger heavy-duty trucks, potentially impacting efforts to increase market share and boost its reputation
WASHINGTON — The Justice Department issued a new policy Wednesday that made the prosecution of Wall Street executives involved in financial fraud a major priority, all but acknowledging nagging criticism that powerful corporate figures have escaped criminal charges in favor of giant monetary penalties. "Effective immediately, we have revised our policy guidance to require that if
Sorry Elsa, but Chewie, Yoda and the gang are back and taking over the holiday shopping season. With the Dec. 18 movie release of Star Wars: The Force Awakens, some retailers stand to gain a fourth-quarter sales uptick as they make a major marketing investment and dedicate significant floor space to new toys, apparel, games and even home decor tied to
Apple's (AAPL) maverick image and marketing made it a hit with consumers and investors when smartphones were novel. But as boring replaces bold at the giant - investors need to reset their expectations, analysts say. Fast-growth is being replaced with "annuity-like revenue streams" as Apple is "now mainstream and not the upstart," says UBS analyst Steven Milunovich in a note to clients
What’s Silicon Valley cooking up now to help small businesses? I had a chance to find out when I arranged an “Insider’s Tour of Silicon Valley” to celebrate the 35th anniversary of America’s Small Business Development Center network (ASBDC). On Sept 9, I took approximately 70 small business consultants on a tour of three companies dramatically affecting the lives of small businesses:
In the scheme of things, it might not matter. It might not matter whether the Fed raises interest rates this month or in the months to come. What matters is what you need to do now with your money in anticipation of rates rising. The stock market roller coaster. Stock market performance has historically been dramatically better in expansive monetary policy environments — when
Brian Williams, the former NBC Nightly News anchor who was demoted for fibbing about his reporting experiences, will return to the airwaves on Sept. 22 in his new role as live breaking news anchor for MSNBC during the cable network's coverage ofPope Francis' visit to the U.S. Williams doesn't have a dedicated time slot or program but will work on daytime programs as news
After Wednesday's wild ride on Wall Street that ended on a down note, U.S. stocks rebounded a bit as investors braced for next week's Federal Reserve meeting on interest rates. Most investors are still in wait-and-see mode ahead of the Fed's two-day meeting on Sept. 16-17 that could result in the first interest rate hike in almost a decade. Low rates, of course, have been cited as a key
On Wednesday afternoon, in a big game against rival Chicago Cubs, St. Louis Cardinals manager Mike Matheny wanted a live bat in the lineup, so he asked Randal Grichuk to get in there. The only problem? Grichuk had just returned from the DL with a strained right elbow. He could hit — just the day before he had knocked out a pinch-hit home run — but he couldn’t throw. Like, at all. He was
It seems Greg Hardy has already closely studied Tom Brady, who will officially be the first quarterback the Dallas Cowboys pass rusher pursues in 2015. Hardy confirmed through a statement released by the NFL Players Association on Thursday that – unlike Brady – he won’t legally fight his four-game suspension, borne out of his domestic assault case while Hardy was a member of the Carolina
Jessica Mendoza had seen no-hitters on TV, sure. Heard them called on the radio, too. But for all of the baseball games she's gone to in her life – and there have been a lot – she'd never seen one in person. Until two weeks ago, that is, when she was making some history of her own as the first woman to work as an analyst on ESPN's Sunday Night Baseball. "Probably the biggest
