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Business News from Topix.net

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Channel Description: Business News continually updated from thousands of sources around the net.

 
Airlines rev up to offer discount airfares - but don't be blinded by the price, say experts

Sophia Harris has worked as a CBC video journalist across the country, covering everything from the start of the annual lobster fishery in Yarmouth, N.S., to farming in Saskatchewan. She now has found a good home at the business unit in Toronto where she produces for national TV news and writes and shoots and edits video for CBC.ca.

...read more

FCC head: Storms teach lessons on emergency communications

Ajit Pai has been to Texas and Florida in recent weeks to learn what lessons hurricanes Harvey and Irma have to offer about how to improve the nation's emergency communication systems during natural disasters. Pai, the chairman of the Federal Communications Commission, said his agency - working with Congress and state and local officials - can turn those lessons into policies that ensure the nation's communications networks and 911 systems remain reliable during disasters.

...read more

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Cramer explains that hurricanes Irma and Harvey busted the algorithms and also discusses how some deals have probably gone down during this administration. Maybe Irma and Harvey were perfect storms, perfect in that they knocked out the algorithms that had set this market on tenterhooks going into September.

...read more

Facebook Scraps New Share Class in Rare Win for Investors

Facebook Inc. scrapped plans to create a new class of shares, a rare victory for outside investors in a battle for control of the world's largest social media company. The move would have let Chief Executive Officer Mark Zuckerberg keep voting control even while selling almost all his shares to fund philanthropic endeavors.

...read more

Uber Losing Battle in London After Regulator Revokes License

Uber Technologies Inc. was struck with a stunning rebuke in London, where regulators revoked its license to operate and chastised its corporate culture, adding to the expansive list of controversies facing the beleaguered ride-hailing company. London is one of Uber's largest and most lucrative markets, with 40,000 drivers and 3.5 million people who use the app once every 90 days.

...read more

James Clapper: Us intelligence assessment of Russia's election...

The former director of national intelligence, James Clapper, said an assessment by the US intelligence community on Russia's US election interference "cast doubt" on President Donald Trump's legitimacy. The Russia investigation has gained significant momentum in recent weeks, with several current and former Trump insiders under scrutiny for their ties to, and contacts with Russian operatives.

...read more

Officer pleading guilty to lying to fly armed with weapon

A Boston police detective is pleading guilty to lying to federal officials so he could fly armed on personal trips and allow a friend to avoid going through airport security. The U.S. attorney's office in Boston on Friday said Sgt.

...read more

Death Wish Recalls 'Killer Coffee' on Botulism Scare

Not one Death Wish Coffee drinker caught botulism and died. But the media is jumping all over this story of a 'killer coffee,' Nitro Cold Brew.

...read more

Betsy DeVos Reverses Obama-era Policy on Campus Sexual Assault Investigations

Reversing a key part of government policy on campus sexual assault, Education Secretary Betsy DeVos on Friday issued new temporary rules that could give accused students greater protection against campus rape and sexual misconduct claims. Ms. DeVos said that colleges may now use a higher standard of evidence before finding students responsible for sexual assault, a decision that can lead to discipline and even expulsion.

...read more

JPMorgan CEO Jamie Dimon Attacks Bitcoin Again

Dimon is really laying into the cryptocurrency. Last week, he dismissed Bitcoin as a bubble on par with tulip mania.

...read more

Trump Team Readies for Nafta Fight Over Making Goods in America

As negotiators from Canada, Mexico and the United States head to Ottawa this weekend for a third round of North American Free Trade Agreement talks, the Trump administration is releasing data it says proves the playing field is tilted against American manufacturers. A Commerce Department report released on Friday contains data showing the United States is playing a diminished role in manufacturing products that are bought and sold around the continent.

...read more

Solar boom or bust? Companies seek tariffs on solar imports

Cheap solar panels imported from China and other countries have led to a boom in the U.S. solar industry, where rooftop and other installations have surged 10-fold since 2011. But two U.S. solar manufacturers say the flood of imports has led one to bankruptcy and forced the other to lay off most of its workforce.

...read more

How to Fire People Like Former General Electric CEO Jack Welch

Former General Electric Co. CEO Jack Welch is known as one of the most famous and highly regarded managers of all time.

...read more

Tiffany names industry veteran Roger Farah chairman

Farah, 64, joined the upscale jeweler's board in March and had served in leadership roles at Ralph Lauren Corp., Venator Group Inc., among others. The move is part of a management overhaul pushed by activist investor Janna Partners to revitalize sales at Tiffany, which has struggled with intensifying competition from online players like Amazon and Blue Nile.

...read more

UPDATE 1-U.S. FCC says over 95 pct of Puerto Rico cell sites out of service

More than 95 percent of Puerto Rico's wireless cell sites were not working on Thursday after Hurricane Maria caused massive damage in the U.S. territory, the chairman of the U.S. Federal Communications Commission said. FCC Chairman Ajit Pai said in a statement the hurricane "has had a catastrophic impact on Puerto Rico's communications networks" and that "getting Puerto Rico's communications networks up and running will be a challenging process, particularly given the power outages throughout the island."

...read more

Hurricane Maria Knocks Out 95 Percent of Puerto Rico Cell Sites

'Getting Puerto Rico's communications networks up and running will be a challenging process, particularly given the power outages,' FCC Chairman Ajit Pai said. Following Hurricane Maria, more than 95 percent of Puerto Rico's wireless cell sites are currently out of service, the Federal Communications Commission said Thursday.

...read more

Facebook to Share Russian-Backed Ads Purchased During U.S. Election

The move by the social media giant illustrates its willingness to cooperate with Congress in sharing information pertinent to the investigation whether Russia meddled into the U.S. election. Facebook on Thursday reached an agreement with Congress to hand over Russian-sponsored ads purchased during the U.S. Presidential election to congressional investigators.

...read more

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