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British Airways Schedule Normalizing as Cost Cuts Scrutinized – Bloomberg

British Airways Schedule Normalizing as Cost Cuts Scrutinized – Bloomberg

British Airways’ flight schedule is slowly recovering as the carrier digs out of a massive computer failure that stranded thousands of passengers worldwide over the weekend and cast doubts on Chief Executive Officer Alex Cruz’s aggressive cost-cutting strategy. The U.K. carrier canceled 50 flights, or about 6 percent of the total 852 scheduled, to and […]

Russian test of new passenger plane takes airline industry by surprise – CNBC

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British Airways says some service returning after IT outage, cancellations – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. British Airways says some service returning after IT outage, cancellations – CNN

Suspicious item prompts partial evacuation at Newark airport – NJ.com

NEWARK — A Newark Liberty International Airport terminal was reopened after a suspicious package prompted a partial evacuation of the area Saturday afternoon, officials said.  The item was found at Terminal A on level 3, according to Port Authority police spokesman Joe Pentangelo. Authorities initially cleared the area around 4:30 p.m., but later said the package was found […]

Chipotle says hackers hit most restaurants in data breach – Reuters

Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc’s (CMG.N) restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015. Chipotle said it did not know […]

American Airlines passenger jumps off plane at airport, feds say – CBS News

American Airlines passenger jumps off plane at airport, feds say – CBS News

An American Airlines passenger allegedly attempted to bite a flight attendant and then jumped off a plane after it pushed back from a gate at a North Carolina airport, CBS Charlotte affiliate WBTV reports. According to a federal criminal complaint, Tun Lon Sein refused to return to his seat on American Airlines Flight 5242 Thursday […]

Zuckerberg tells Harvard we need a new social contract of equal opportunity – TechCrunch

Zuckerberg tells Harvard we need a new social contract of equal opportunity – TechCrunch

Mark Zuckerberg’s Harvard commencement speech centered around how we can improve life through big projects, equal opportunity and building both local and global community. He outlined a plan “to create a world where every single person has a sense of purpose.” Rather than focusing on the opportunities for the Harvard students graduating in front of […]

Goldman Warns OPEC Faces Test After Oil Deal Met With Skepticism – Bloomberg

Goldman Warns OPEC Faces Test After Oil Deal Met With Skepticism – Bloomberg

As the oil market responds skeptically to OPEC’s output-cut deal, Goldman Sachs Group Inc. says the group has some challenges to tackle. The organization will face the test of defending market share and generating revenue growth as it transitions from the curbs, the bank said in a May 25 report. Additionally, backwardation — when near-term […]

Asia closes higher after Fed minutes; oil prices up ahead of OPEC meeting – CNBC

Asia closes higher after Fed minutes; oil prices up ahead of OPEC meeting – CNBC

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Why China’s Growing Debt Load Worries the World – New York Times

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