Business News


American Airlines And US Airways Change Frequent Flier Awards

American Airlines And US Airways Change Frequent Flier Awards
If you use miles to get a free ticket on American Airlines, you may have to pay to check that suitcase. American and US Airways announced changes Tuesday to their policies on checked-bag fees and redeeming miles for free flights. Passengers traveling on American on miles they earned or who paid full price for an economy seat won’t get free checked bags anymore. Some elite-level frequent fliers on both airlines will get one less free bag than before. When it comes to redeeming miles ...
(Add your opinion  |   April 09 )

End of Windows XP Support Spells Trouble for Some

End of Windows XP Support Spells Trouble for Some
Microsoft will end support for the persistently popular Windows XP on Tuesday, and with an estimated 30 percent of businesses and consumers still using the 12-year-old operating system, the move could put everything from the operations of heavy industry to the identities of everyday people in danger. "What once was considered low-hanging fruit by hackers now has a big neon bull's eye on it," says Patrick Thomas, a security consultant at the San Jose, Calif.-based firm Neohapsis. Microsoft ...
(5 opinions  |   April 07 )

Samsung Adding Anti-theft Solutions To Smartphones

Samsung Adding Anti-theft Solutions To Smartphones
Samsung Electronics will add two safeguards to its latest smartphone in an effort to deter rampant theft of the mobile devices nationwide, the company said Friday. The world’s largest mobile-phone maker said users will be able to activate for free its “Find My Mobile” and “Reactivation Lock” anti-theft features to protect the soon-to-be-released Galaxy 5 S. The features that will lock the phone if there’s an unauthorized attempt to reset it will be on models sold by wireless ...
(Add your opinion  |   April 06 )

FireChat Ignites New Way to Communicate on Phones

FireChat Ignites New Way to Communicate on Phones
A new mobile messaging application called FireChat is empowering nearby smartphone users to stay in touch even when there's no cellular service or Internet connection. In just two weeks since its release on the iPhone, FireChat already has provided a flicker of hope for people pining for more effective, secure and affordable ways to communicate. That's because the free messaging app harnesses a technology called wireless mesh networking, which might someday allow a myriad of devices to ...
(Add your opinion  |   April 03 )

Apple Says Samsung Knew iPhone Would Be Big Seller

Apple Says Samsung Knew iPhone Would Be Big Seller
Samsung knew Apple's iPhone would be a big seller when it first went on the market, but the South Korean company didn't have a product that could compete so it stole Apple's technology, an attorney for Apple told jurors on Tuesday. "The evidence in this case will be Samsung copied the iPhone," Apple lawyer Harold McElhinny said during his opening statement in the latest patent fight between the world's largest cellphone manufacturers. Samsung, which accuses Apple of stealing its ideas, ...
(Add your opinion  |   April 01 )

Another Apple-Samsung Skirmish Heads to Court

Another Apple-Samsung Skirmish Heads to Court
The fiercest rivalry in the world of smartphones is heading back to court this week in the heart of the Silicon Valley, with Apple and Samsung accusing each other, once again, of ripping off designs and features. The trial will mark the latest round in a long-running series of lawsuits between the two tech giants that underscore a much larger concern about what is allowed to be patented. "There's a widespread suspicion that lots of the kinds of software patents at issue are written in ...
(1 opinions  |   March 30 )

Blackberry Said Revenues Fell To $976 Million

Blackberry Said Revenues Fell To $976 Million
BlackBerry reported a steep drop in profit and revenue Friday as it transitions from a smartphone company to a software business under its new chief executive. Shares rose five percent in morning trading as CEO John Chen cut expenses quicker than expected. The Canadian company lost $423 million, or 80 cents per share. Adjusted for one-time items, however, the company lost 8 cents per share, much better that the losses of 56 cents per share that Wall Street had expected, according to a poll ...
(Add your opinion  |   March 28 )

Major Events in GM's Recall of 1.6 Million Cars

Major Events in GM's Recall of 1.6 Million Cars
Congress, the Justice Department and the National Highway Traffic Safety Administration are all investigating General Motors Co.'s recall last month of 1.6 million vehicles for an ignition switch defect which can cause the car to stall and deactivate the air bags. The defect is linked to 12 deaths. Here is a timeline of key events, based on documents from GM, NHTSA and the House Committee on Energy and Commerce. 2001: A report on the Saturn Ion, which was still in development, notes ...
(Add your opinion  |   March 28 )

Average US 30-Year Mortgage Rate Rises to 4.40 Pct

Average US 30-Year Mortgage Rate Rises to 4.40 Pct
Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.40 percent from 4.32 percent last week. The average for the 15-year mortgage rose to 3.42 percent from 3.32 percent. A key home-price index showed Tuesday a robust 13.2 percent increase in January ...
(Add your opinion  |   March 27 )

Average US 30-Year Mortgage Rate Up To 4.37 Percent

Average US 30-Year Mortgage Rate Up To 4.37 Percent
Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week. The average for the 15-year mortgage rose to 3.38 percent from 3.32 percent. Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago. The increase was driven by speculation that the Federal Reserve would reduce ...
(Add your opinion  |   March 13 )

Airlines Lower Forecast For Record 2014 Profit

Airlines Lower Forecast For Record 2014 Profit
The global airlines industry still expects a record profit for 2014, just not quite as high as expected, officials said Wednesday, citing the impact of rising jet fuel prices. But the cost of fuel isn't the only challenge. Venezuela's decision to block airlines from taking profits out of the country, the Ukrainian political crisis and a vanished Malaysian jetliner are adding uncertainty to the outlook, said Tony Tyler, director-general and CEO of the International Air Transport ...
(Add your opinion  |   March 12 )

Shekel - Dollar at a 30 Month Low

Shekel - Dollar at a 30 Month Low
The shekel has weakened against the dollar and euro in morning inter-bank trading on Monday, 8 Adar II. The shekel-dollar exchange rate has risen 0.10%, compared with Friday's representative rate, to NIS 3.463/$, and the shekel-euro exchange rate has risen 0.09% to NIS 4.805/€. The shekel-dollar exchange rate is at a 30-month low. FXCM Israel says this morning, "The dollar continues to lose ground. Last week the Dollar Index fell to its lowest level since October 2013. Other key indices, ...
(2 opinions  |   March 10 )

American Airlines, JetBlue Ending Agreement

American Airlines, JetBlue Ending Agreement
American Airlines and JetBlue Airways Corp. are ending an agreement that allowed travelers to add connections to their itinerary on each other's aircraft. The termination of the interline sales agreement is effective Monday. The companies also said that they are ending a reciprocal frequent flyer program accrual agreement. Travelers won't earn miles or points when traveling on eligible routes run by the other airline beginning April 1. All American AAdvantage miles or JetBlue TrueBlue ...
(Add your opinion  |   March 10 )

S&P 500 Ends At Record On Jobless Data

S&P 500 Ends At Record On Jobless Data
Investors were looking for any reason to look past the cold weather that has hampered the U.S. economy in the last few weeks, and they found it. Stocks mostly rose Thursday, helped by a report that showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months. The gains were enough to give the Standard & Poor’s 500 index its third all-time high this week. The report on unemployment claims was one of the first bits of good news ...
(Add your opinion  |   March 06 )

Staples to Shutter 225 Stores as Sales Move Online

Staples to Shutter 225 Stores as Sales Move Online
Staples will close 225 stores by the end of next year and the office-supply retailer is initiating a plan to save about $500 million annually by 2015, The Framingham, Mass., company says nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient. The closings, all in North America, will help the company meet its pre-tax savings goal. The store closings amount to about 10 percent of Staples Inc.'s worldwide total of 2,200. It has 1,500 ...
(2 opinions  |   March 06 )

RadioShack to Close Up to 1,100 U.S. Stores

RadioShack to Close Up to 1,100 U.S. Stores
RadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as traffic slowed during the critical holiday season. The stock tumbled more than 24 percent in Tuesday premarket trading. The store closings would leave RadioShack with more than 4,000 stores. For the period ended Dec. 31, the electronics retailer lost $191.4 million, or $1.90 per share. That compares with a loss of $63.3 million, or 63 cents per share, a ...
(Add your opinion  |   March 04 )

Standard & Poor's 500 Index Closes at Record High

Standard & Poor's 500 Index Closes at Record High
The Standard & Poor's 500 index is closing at a record high and has turned positive for the year. The all-time high Thursday came after solid results from a number of U.S. companies including Mylan, a drug maker, and several retailers. The S&P 500 has fallen just short of a record the previous three days. On Thursday, the index increased nine points, or 0.5 percent, to 1,854, beating its Jan. 15 record by six points. The Dow Jones industrial average rose 74 points, or 0.5 ...
(Add your opinion  |   February 27 )