Business

Passengers on an Indonesia AirAsia flight from Australia to the holiday island of Bali described a panicked flight crew announcing an emergency and oxygen masks dropping from the ceiling after their airliner lost cabin air pressure and rapidly descended. Flight QZ535 returned safely on Sunday to the airport at Perth city where many of the
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British police are investigating three new allegations of sexual assault against film producer Harvey Weinstein, all made by the same woman. London’s Metropolitan Police force said Sunday that the woman reported being assaulted in London in 2010, 2011 and 2015. The force said officers from its Child Abuse and Sexual Offenses Command are investigating. The
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Italy began winding up two failed regional banks in June in a deal that committed up to 17 billion euros ($19 billion) of public money and put the lenders’ good assets in the hands of Intesa Sanpaolo. The government will pay 5.2 billion euros to Intesa, and give it guarantees of up to 12 billion
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Though Amazon has promised steep discounts at Whole Foods stores, now that it owns the organic supermarket chain, Costco still reigns supreme in the ongoing grocery price wars, according to JPMorgan. “[Costco] offers an unquestioned value prop with the best pricing, curated assortment, strong private label offering, and treasure hunt atmosphere,” JPMorgan analyst Christopher Horvers
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A scandal about falsified quality data at Kobe Steel expanded on Friday, as the Japanese steel maker said nine subsidiaries, including several outside Japan, had either failed to carry out required product checks or had lied about the results. Including products sold by the subsidiaries, Kobe Steel said it now estimated that it had shipped
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Airplanes and Panamax cargo ships redefined the parcel service in the 20th century, but those days may be fading quickly. Morgan Stanley believes the SpaceX plan for the Big Falcon Rocket as a reusable mode of Earth transportation could change the game for United Parcel Services and FedEx. “The freight transportation business — especially parcel
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Target shoppers nationwide will now be able to make purchases on Google Express, after a successful test on the platform in California and New York, the company announced Thursday. The big-box retailer is among several that are deepening their relationships with Google‘s voice-activated shopping platform in a battle for market share against Amazon‘s Alexa-enabled devices.
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What if globally designed products could radically change how we work, produce and consume? Several examples across continents show the way we are producing and consuming goods could be improved by relying on globally shared digital resources, such as design, knowledge and software. Imagine a prosthetic hand designed by geographically dispersed communities of scientists, designers
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India’s land ownership system is apparently fraught with fraud — so one state is exploring the application of blockchain technology to make it more transparent. The government of Andhra Pradesh has partnered with Swedish start-up ChromaWay to build its blockchain-based solution. Distributed ledger technology allows data to be stored in vast groupings, which are encrypted
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Teen apparel retailer Forever 21 is trying something different. The company created Riley Rose, a beauty boutique that’s being rolled out at 13 of General Growth Properties‘ shopping centers across the U.S., to start. The first Riley Rose store opened at Los Angeles’ Glendale Galleria mall earlier this week. The Riley Rose moniker was coined
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This already is commonplace in corporate security. There are many businesses that simply will not take office space in an iconic building such as One World Trade Center or the Empire State Building. Those firms may not be likely terrorism targets themselves, but the buildings are. And the insurance markets have taken that into account:
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General Electric unveiled a slew of executive management changes on Friday. The company announced that Jamie Miller, CEO of GE Transportation, will become chief financial officer on Nov. 1. Miller worked at Anthem and PricewaterhouseCoopers, before joining GE as vice president, controller and chief accounting officer. She also served as GE’s chief information officer before
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