Category: Companies

United Airlines Flight Makes Emergency Landing in Houston

HOUSTON—A United Airlines flight bound from Houston to Rio de Janeiro has returned to Bush Intercontinental Airport for an emergency landing shortly after takeoff, the airline said. Flight 129 returned to the airport Tuesday night because of “a mechanical issue,” according to a statement from United Airlines. The airline did not describe the nature of…


US Sanctions 5 Chinese Firms Allegedly Involved in Uyghur Repression

The United States has sanctioned five Chinese companies over their alleged role in the repression of the Uyghur Muslim minority in China’s Xinjiang region, the U.S. Commerce Department said on March 28. The companies were accused of implicating human rights abuses in “China’s campaign of repression, arbitrary mass detention and high-technology surveillance against the Uyghur…


Senators Ask Powell If the Fed Had Been Lax in Supervising Failed SVB Bank

Members of the Senate Banking Committee wrote to Federal Reserve chairman Jerome Powell if he and his fellow board members were lax in supervising Silicon Valley Bank (SVB), which failed earlier this month. Five senators sent a letter to Powell on March 27, which was obtained by Bloomberg, questioning whether the central bank exercised its full legal authority…


LIVE NOW: Starbucks CEO Testifies to Senate Hearing

Starbucks Corp. interim CEO Howard Schultz testifies before a U.S. Senate committee after earlier resisting requests to appear and answer questions about the company’s compliance with labor law. …


Starbucks CEO Testifies to Senate Hearing

Starbucks Corp. interim CEO Howard Schultz testifies before a U.S. Senate committee after earlier resisting requests to appear and answer questions about the company’s compliance with labor law. …


Federal Agency Warns Users to Upgrade iPhones as Soon as Possible

The federal Cybersecurity and Infrastructure Security Agency (CISA) this week advised users and administrators to upgrade their Apple software due to security vulnerabilities. “Apple has released security updates to address vulnerabilities in multiple products. An attacker could exploit some of these vulnerabilities to take control of an affected device,” the notice, dated March 28, reads….


Federal Agency Warns Users to Update iPhones as Soon as Possible

The federal Cybersecurity and Infrastructure Security Agency (CISA) this week advised users and administrators to update their Apple software due to security vulnerabilities. “Apple has released security updates to address vulnerabilities in multiple products. An attacker could exploit some of these vulnerabilities to take control of an affected device,” the notice, dated March 28, reads….


America First Legal Accuses Hershey of Racial and Sex Discrimination While Hiring

By law, employers may not discriminate against an employee or potential employee because of their race, color, religion, sex, or national origin. But America First Legal Foundation (AFL) says the Pennsylvania-based chocolate and snack maker The Hershey Company publicly admits to such discrimination. AFL, a legal firm that fights policies that erode principals upheld in…


Wall Street Opens Higher as Banking Crisis Fears Ebb

Wall Street’s main indexes opened higher on Wednesday as easing worries about a banking crisis lifted risk sentiment, while investor expectations rose about a pause in the Federal Reserve’s interest rate hikes. The Dow Jones Industrial Average rose 172.29 points, or 0.53 percent, at the open to 32,566.54. The S&P 500 opened higher by 28.26…


First Citizens Shares Soar After Announcing Deal to Buy Failed Silicon Valley Bank

The share price of First Citizens Bank has soared this week following news that it would buy much of the failed Silicon Valley Bank (SVB) in the wake of its collapse. The bank, one of the nation’s largest regional financial institutions, saw its shares reach a record high on March 28, rising by as much as 7.2…