Lufthansa vows company revamp as losses balloon By Reuters

2020-06-03

© Reuters. Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport By Ludwig Burger FRANKFURT (Reuters) – Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout fromRead More →

Democratic lawmaker presses antitrust enforcers on company ties, settlements By Reuters

2020-01-07

WASHINGTON (Reuters) – The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department’s approval of T-Mobile US Inc’s (O:) proposed purchase of Sprint Corp (N:). Congressman David Cicilline raised antitrust questions as activists and Democratic presidential candidates areRead More →

TOMS Shoes creditors to take over the company By Reuters

2019-12-27

© Reuters. Blake Mycoskie prepares to start the second round of the Pebble Beach National Pro-Am By Greg Roumeliotis (Reuters) – TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on FridayRead More →

Boeing’s Starliner lands in desert: company By Reuters

2019-12-22

WASHINGTON (Reuters) – Boeing (NYSE:) Co’s Starliner astronaut spacecraft landed in the New Mexico desert on Sunday, the company said, after faulty software forced officials to cut short an unmanned mission aimed at taking it to the International Space Station.  The 7:58 a.m. ET (1258 GMT) landing in New Mexico’sRead More →

Backlash grows against sale of domain names company

2019-11-28

The Netherlands chapter of The Internet Society has hit out against the sale of the .org domain to private equity firm Ethos Capital, over concerns that it will lead to censorship and increased prices. Earlier this month, The Internet Society (ISOC) – a U.S. non-profit which oversees internet standards –Read More →

McDonald’s says CEO Easterbrook leaves the company By Reuters

2019-11-03

(Reuters) – McDonald’s Corp (N:) said on Sunday that Chief Executive Steve Easterbrook was leaving the company, effective immediately, after a recent consensual relationship with an employee. The company said in a statement the board had determined that Easterbrook “violated company policy and demonstrated poor judgment involving a recent consensualRead More →