Category Archives: CNN – Business

Jet Airways founder out as Indian banks try to rescue the failing airline

Jet Airways founder out as Indian banks try to rescue the failing airline

The founder of India’s Jet Airways has been forced out as part of a government-backed bailout. Naresh Goyal will quit as chairman and resign from the board, the embattled airline said as it announced a deal that will allow its banks to take control and overhaul the company. The carrier has been struggling for months…MORE

American Airlines is canceling 90 flights a day because of 737 Max grounding

American Airlines is canceling 90 flights a day because of 737 Max grounding

American Airlines plans to cancel flights well into April because of the Boeing 737 Max grounding. American, the world’s largest airline, said Sunday it is canceling about 90 flights a day out through April 24. Before Sunday’s announcement, American had only canceled flights through March 28. The airline is hopeful that that the 737 Max…MORE

Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

President Donald Trump said Friday he plans to nominate his former campaign adviser, Stephen Moore, to the Federal Reserve Board. “It is my pleasure to announce that @StephenMoore, a very respected Economist, will be nominated to serve on the Fed Board. I have known Steve for a long time — and have no doubt that…MORE

Shaq is joining Papa John’s board of directors

Shaq is joining Papa John’s board of directors

Papa John’s has found its next spokesman: Shaquille O’Neal. But the company hopes Shaq can help Papa John’s beyond hawking pizza. O’Neal, the NBA Hall-of-Famer, will join Papa John’s board of directors. O’Neal will also invest in nine Papa John’s stores in Atlanta and become an ambassador for the brand in advertisements. The company will…MORE

Most of America’s coal plants are more expensive to run than wind and solar

Most of America’s coal plants are more expensive to run than wind and solar

The simple laws of economics threaten to doom America’s remaining coal power plants. Wind and solar costs have plunged so rapidly that 74% of the US coal fleet could be phased out for renewable energy — and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank.…MORE

Indonesia’s Garuda is canceling its $4.9 billion order for the Boeing 737 Max

Indonesia’s Garuda is canceling its $4.9 billion order for the Boeing 737 Max

Indonesian airline Garuda said Friday that it’s canceling a multibillion-dollar order for Boeing’s 737 Max 8 passenger jet after the plane was involved in two deadly crashes in less than five months. “Our passengers have lost confidence to fly with the Max 8,” Garuda spokesperson Ikhsan Rosan told CNN. The Indonesian carrier ordered 50 of…MORE

MillerCoors sues Anheuser-Busch over corn syrup Super Bowl ad

MillerCoors sues Anheuser-Busch over corn syrup Super Bowl ad

The maker of Miller Lite and Coors Light doesn’t see the funny side of Bud Light’s corn syrup Super Bowl ads. MillerCoors filed suit against Anheuser-Busch, the brewer of Bud Light, over the commercials, which it says are “false and misleading.” It wants them blocked and its rival to set the record straight. Bud Light’s…MORE

Business and labor unions say the UK is facing a ‘national emergency’

Business and labor unions say the UK is facing a ‘national emergency’

British business and labor unions have set aside their differences to make a joint appeal to Prime Minister Theresa May to change course on Brexit or risk a massive economic shock. Top officials at the Confederation of British Industry and the Trades Union Congress said Thursday that Britain faces a “national emergency” if politicians allow…MORE

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