Business

Why A380 maker Airbus will be betting on a smaller jet

Yuriko Nakao | Getty Images Airbus A380 performs an aerial demonstration over the Le Bourget Airport during the 52nd International Paris Air Show on June 22, 2017, in Paris, France. The Airbus A380 will be so large in which airports all over the planet had to build special gates to accommodate the plane, which stands nearly eight stories tall as ...

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What’s generating tech valuations spike

Tech valuations continue to climb, in addition to also according to one industry expert, in which’s the result of an evolving winner-take-all system from the industry. “If you look at the valuations, the number one player has more than the valuation of the next a few or 10 combined,” Scott Galloway, professor at NYU’s Stern School of Business, told CNBC’s ...

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CSX ‘had some embarrassing situations’ This particular year, CEO tells investors

The aggressive overhaul of CSX by CEO Hunter Harrison faced quite a few setbacks last quarter, company executives said on a conference call with investors Tuesday. CSX reported third-quarter earnings largely in-line with expectations, according to FactSet. Shares of the third-largest railroad inside the U.S. rose around 1 percent in midday trading. Harrison, who arrived in March, faced train accidents ...

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Philanthropist George Soros donates most of his net worth to charity

George Soros just gave most of his wealth to his charitable organization, the Wall Street Journal reported Tuesday. The billionaire philanthropist transferred $18 billion to Open Society Foundations, a sprawling international group of charities in which works in more than 100 countries on projects focused on refugee relief, public health in addition to many different topics. The $18 billion figure ...

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Hawaiian Airlines CEO shrugs off ‘Southwest Effect’ as budget carrier plans to enter market

The “Southwest Effect” may not be much of a problem for Hawaiian Airlines its CEO, Mark Dunkerley, said Tuesday on CNBC’s “Closing Bell.” The phrase refers to a pattern where nonstop fares are roughly $45 lower on routes serviced by Southwest Airlines than those which are not, according to a University of Virginia study. Low-cost carrier Southwest recently revealed which ...

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Snap teams with NBCUniversal in drive for TV shows on Snapchat

J. Emilio Flores | Corbis | Getty Images Evan Spiegel as well as Bobby Murphy, founders of Snapchat. Snap just made a major move to compete with Netflix as well as Amazon. The social media company is actually partnering with NBCUniversal to create a digital content studio of which makes original shows to debut on its Snapchat platform. NBCUniversal, which ...

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Procter & Gamble says activist investor Nelson Peltz lost board seat bid by just 0.2 percent

Procter & Gamble said on Monday that will activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company’s board by 6.15 million votes, according to its preliminary tally. Peltz received 973.0 million votes, compared to Zedillo’s 979.2 million votes, P&G said in a filing. Peltz, whose Trian Fund Management owns a ...

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Kazakhstan plans to launch its own cryptocurrency

In August, Estonia proposed its own state-backed digital asset, which would certainly be called “estcoin”. The tiny Eastern European nation said of which was considering the launch of estcoin through an initial coin offering (ICO) — a crowdfunding method of which has garnered much scrutiny in recent weeks. in addition to last month, Japan signaled the potential launch of its ...

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