MOSCOW/KIEV A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia’s biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms. Cyber security experts said those behind the attack appeared to have exploited the same type of hacking tool used in the […]
Japan’s Takata Corp (7312.T), at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of […]
Former Delta CEO Richard Anderson will become the new president and CEO of Amtrak. Spencer Platt/Getty Images Amtrak has appointed former Delta Air Lines CEO Richard Anderson as its next president and chief executive, it announced Monday. Anderson, who retired last year after a decade at the helm of Delta, will start at Amtrak on […]
MILAN/ROME Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo (ISP.MI) and could cost the state up to 17 billion euros ($19 billion). The government will pay 5.2 billion euros to Intesa, Italy’s top retail bank, to take on Popolare di […]
A Malaysia-bound plane taking off from Perth, Australia, turned back mid-flight Sunday after the aircraft began shaking due to a “technical issue.” The pilot of the AirAsia X aircraft, which was headed toward Kuala Lumpur, the capital of Malaysia, turned around after the pilot identified an issue with the engine as the plane shook, a […]
The century-long interplay between technology and retail suggests Walmart is screwed. Its efforts to morph into an online retailer by buying Bonobos and Jet.com will end up making the company seem like Michael Jordan playing baseball—what made it great at one thing doesn’t translate to another. At the same time, Amazon is marching through the […]
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Sen. Mitch McConnell sang a different tune about secrecy in health-care bill drafting in 2009, when this press conference was held. As Senate Republicans move closer to repealing and replacing the Affordable Care Act, Democrats have ramped up their attacks against the secrecy Republicans have used to write the bill — and have particularly targeted […]
American Airlines’ chief executive said on Thursday the company is not “particularly excited” about Qatar Airway’s interest in buying up to 10 percent of the U.S. carrier’s shares, in a letter to employees following disclosure of the state-owned Gulf airline’s overture. The move by Qatar Airways to buy a stake in American would expand the […]
