By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Tuesday reported higher-than-expected third-quarter earnings and forecast a stronger profit in the current quarter due to a robust rebound in travel demand. Its shares jumped nearly 8% to $40.14 in extended trading. The Chicago-based carrier reported an adjusted profit of $2.81 per share for the…
United Airlines earned $942 million in the third quarter as vacationers paid higher fares and packed planes over the summer, and the airline offered an upbeat forecast of late-year earnings. United’s CEO said Tuesday that concern about inflation and the economy does not seem to be discouraging people from buying airline tickets. He said that…
SAN FRANCISCO (AP) — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. The Los Gatos, California, company disclosed Tuesday that it picked up 2.4 million…
By Jeffrey Dastin and Akash Sriram (Reuters) -Amazon.com Inc workers rejected organizing a New York state warehouse by a nearly two-to-one margin on Tuesday, handing another defeat to the fledgling labor union that had aimed to build momentum in its cross-country campaign. At ALB1, the retailer’s fulfillment center in Castleton-on-Hudson near the state’s capital Albany,…
DETROIT (AP) — Eleven people were killed in U.S. crashes involving vehicles that were using automated driving systems during a four-month period earlier this year, according to newly released government data, part of an alarming pattern of incidents linked to the technology. Ten of the deaths involved vehicles made by Tesla, though it is unclear…
By Josie Kao (Reuters) – U.S. rapper Kanye West, who now goes by Ye, has agreed in principle to buy social media platform Parler, which is popular among U.S. conservatives, the app’s parent company said on Monday. Ye’s offer comes after the artist was locked out of his Twitter and Instagram accounts this month for…
NEW YORK (AP) — President Joe Biden’s student loan forgiveness program. announced in August, will cancel up to $20,000 in debt per borrower. The application process is now open, and the administration says the forms should take five minutes to complete. Borrowers who apply before mid-November should see forgiveness before Jan. 1, when payments on…
By Luc Cohen and Karen Freifeld NEW YORK (Reuters) -French cement maker Lafarge pleaded guilty in U.S. court on Tuesday to a charge that it made payments to groups designated as terrorists by the United States, including Islamic State, so the company could keep operating in Syria. The admission in Brooklyn federal court marked the…
WARSAW, Poland (AP) — The leader of Poland’s largest opposition party on Tuesday called on the country’s ruling party to fully clarify the facts surrounding an eight-year-old scandal involving the illegal recordings of top politicians and coal imports from Russia. Donald Tusk said it has long been clear that Russia was involved in the episode,…
HELSINKI (AP) — Finland’s prime minister said Tuesday she was convinced that there is a “wide support” within the Parliament to build a fence on the Nordic country’s border with Russia as proposed by the Finnish border guard officials. “It is a question of securing proper surveillance of Finland’s (eastern) border in the future,” Prime…
