Company

admin August 25, 2018

Ryanair has introduced restrictive new baggage rules that risk upsetting passengers. The budget airline said that customers will be allowed to bring only one small piece of luggage into the cabin starting in November. The bag must be small enough to fit under a seat. Passengers will be required to pay to bring additional luggage […]

admin August 25, 2018

Shares in a casino operator in Asia have crashed after its chairman went missing. Landing International Development owns one of South Korea’s biggest casinos. Its stock has plunged by nearly 50% in Hong Kong since Thursday, when the company said it was “unable to contact or reach” chairman Yang Zhihui. Landing “does not expect that […]

admin August 25, 2018

At first, Element Electronics threw its support behind the Trump administration’s tariffs on Chinese goods. The South Carolina company, the only mass assembler of televisions in America, said proposed penalties on imported TVs would finally help it compete against cheaper models from China. Then the Trump administration expanded its planned tariffs and targeted TV parts, […]

admin August 24, 2018

Advanced Micro Devices is winning the chip war against Intel. At least that’s what Wall Street thinks. AMD stock has more than doubled this year and is trading at a nearly 12-year high. That makes AMD the best performer in the S&P 500. AMD (AMD) recently passed heart pump maker Abiomed (ABMD) to take over […]

admin August 24, 2018

Some of Europe’s biggest airlines are scrapping flights to Iran just two years after relaunching their services when international sanctions were eased. British Airways (ICAGY) said it will operate its last flight from Tehran on September 23. Dutch carrier KLM, part of the Air France KLM (AFLYY) group, will stop flying there on September 24. […]

admin August 24, 2018

Add SPAM maker Hormel Foods to the growing list of US companies suffering collateral damage from the global trade war. Hormel reported sales Thursday that were below forecasts and issued a cautious outlook, partly because of tariffs on US agricultural products. The company, which also owns the Skippy peanut butter, Jennie-O turkey and Applegate Natural […]

admin August 24, 2018

Elon Musk thinks he could take Tesla private at $420 a share. But one Tesla investor thinks that’s a bad idea — because the stock could be worth nearly ten times that amount in the most optimistic of scenarios. Cathie Wood, CEO of money management firm ARK Invest, wrote an open letter to Musk earlier […]

admin August 23, 2018

Kroger (KR) plans to eliminate plastic bags at stores by 2025. The company, which owns a sprawling list of supermarkets including Harris Teeter, Fred Meyer, and Ralphs, announced on Thursday that it will gradually transition to reusable bags at its nearly 2,800 locations. QFC, a Seattle grocery chain owned by Kroger, will be the first […]

admin August 23, 2018

Unemployment keeps falling and home prices keep going up. It’s a great recipe for a strong housing market. Nothing has been able to stop the housing boom — not even higher interest rates. Luxury home builder Toll Brothers (TOL) said Tuesday that demand for its houses was strong across the country — the company signed […]