Business

(Reuters) – Southwest Airlines Co (LUV.N) agreed to pay $15 million to settle nationwide antitrust litigation by passengers who accused the four largest U.S. carriers of conspiring to raise fares by reducing seating capacity. U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C. granted preliminary approval on Wednesday for the accord with the Dallas-based carrier. Southwest
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(Reuters) – The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies. The ADP National Employment Report showed that U.S. private employers added
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FRANKFURT/SAN FRANCISCO (Reuters) – Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp (INTC.O), Advanced Micro Devices Inc (AMD.O) and ARM Holdings. One of the bugs is specific to Intel but another affects laptops,
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(Reuters) – A U.S. government panel rejected Ant Financial’s acquisition of MoneyGram International Inc (MGI.O) over national security concerns, the companies said on Tuesday, the latest Chinese deal torpedoed under the administration of U.S. President Donald Trump. The $1.2 billion deal’s collapse represents a blow for Jack Ma, the executive chairman of Chinese internet conglomerate
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Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth. Figures from Macau’s Gaming Inspection and Coordination bureau on Monday showed revenues rose 19
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BERLIN (Reuters) – The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa’s purchase of Air Berlin’s Austrian unit, Niki, a senior member of Chancellor Angela Merkel’s conservatives said on Sunday. British Airways owner IAG (ICAG.L) said on Friday that it would buy Niki
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