Category: Business

United Airlines stock nosedives after CEO comments

Shares of United Airlines (UAL) dropped more than 10 percent on Thursday after the carrier signaled that weak prices will continue the rest of this year and executives sparred with Wall Street analysts on a contentious conference call. Analysts pressed United management for evidence that moves such as adding more flights and slashing prices to

Wall Street pauses after record highs; tech a drag

NEW YORK (Reuters) – U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed. Shares of Apple (AAPL.O), the world’s biggest company by market capitalization, were down 2.5 percent and headed for their worst day in more than two months, as doubts about

Blue Apron slims down its workforce

NEW YORK – Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York-based Blue Apron (APRN), which had nearly 5,400 employees in June, said Wednesday the layoffs represent about 6 percent of its workforce. The company said the cuts were at its corporate offices

A workplace epidemic of bullying LGBT employees

The office should be a place where employees can focus on getting work done, but a good share of lesbian, gay, bisexual and transgender workers say they’re getting harassed on the job.  About four out of 10 LGBT workers report feeling bullied at work, or 11 percentage points higher than the national average of all

Asia stocks shed gains after data shows slower China growth

TOKYO (Reuters) – Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world’s second largest economy slowed slightly in the third quarter. The dollar halted its decline, supported by higher U.S. yields. Spreadbetters expected Britain’s FTSE .FTSE to open

Channing Tatum cuts ties with The Weinstein Company

LOS ANGELES — Channing Tatum is no longer developing a film with The Weinstein Company, which dealt with a boy dealing with the aftermath of sexual abuse.  Tatum wrote on Instagram Wednesday that he will not be developing anything with Harvey Weinstein‘s former company, which has been embroiled in sexual harassment scandals over the past