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US Business

"I am considering my legal options"

KEY POINTS Melissa Lingafelt accused ex Drake Bell of physically abusing her and verbally when they were together Bell denied Lingafelt's abuse accusations and said she reached out to him for financial support Twitter users have mixed reaction about Lingafelt's accusations of abuse against Bell Drake Bell denied ex-girlfriend Melissa Lingafelt's accusations that he abused her while they were still …

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Why Cathay Pacific, Singapore Airlines may take longer to recover

Aircraft operated by Cathay Pacific Airways Ltd. stands on the tarmac at Hong Kong International Airport in Hong Kong, China, Friday 7. August 2020. Paul Yeung | Bloomberg | Getty Images Singapore Airlines and Hong Kong's Cathay Pacific Airways will "inevitably" take longer to recover from the coronavirus crisis, an aviation consultant told CNBC. This is because these carriers are …

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Where's the US trade agreement?

The third round of negotiations between the United States and the United Kingdom on a new trade agreement has come and gone, and where is it? President Trump and Prime Minister Boris Johnson each say they are enthusiastic, and both economies can use the promise. Nevertheless, it turns out that an agreement is more difficult than expected, and for all …

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Belarusian authorities arrest 6,000 protesters after controversial presidential election

Thousands of Belarusians have taken to the streets since Sunday, when exit polls showed that Lukashenko, who has ruled Belarus for 26 years, received 80% of the vote. Opposition groups claim the election was marred by widespread ceasefire and fraud to keep Lukashenko in power, while the independent monitoring group "Honest People" said opposition candidate Svetlana Tikhanovskay had won in …

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As the economy spits, Congress and the White House remain unscathed for more help.

Treasury Secretary Steven Mnuchin said on Wednesday that there had been no progress this week in negotiations with Congress on another economic stimulus package, accusing Democrats of being careless for political reasons. Talks collapsed last Friday urging President Trump to roll out more executive actions to expand further unemployment insurance benefits and prevent drafts. Since then, the lines of communication …

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Apple CEO Tim Cook shares a leadership mantra with Steve Jobs

In August 2011, not many experts believed that Tim Cook could successfully replace Steve Jobs as Apple's CEO. Cook proved the skeptics wrong. Today, with the stock at a record high level, Apple is the world's most valuable listed company. This weekend's Wall Street Journal called Steve Jobs' handover to Tim Cook "the most lucrative business sequence in history." While …

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Instagram is facing lawsuits over illegal harvesting of biometric data

Facebook is facing new allegations that it is illegally collecting biometric data from users, this time in a lawsuit against the company's photo-sharing app Instagram. Last month, the social media company offered to pay $ 650 million to settle a lawsuit alleging that it was illegally collecting biometric data through a photo tagging tool provided to Facebook users. In the …

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Transocean's debt is a step in the right direction, but restructuring risk remains (NYSE: RIG)

When Transocean (RIG) announced that it had retained Lazard as financial advisor for transaction control transactions, many market observers believed that this was a first step towards restructuring. Recent actions by Transocean, however, have indicated that the company is trying to buy time and avoid restructuring. This is what Transocean has announced in recent days: Private exchange agreement of $ …

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