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Yum Brands promotes COO David Gibbs to top job

Yum Brands Inc on Monday named company veteran David Gibbs as its chief executive officer, succeeding Greg Creed, who will be retiring at the end of the year.



5 years ago

American Airlines wins permanent court block against alleged disruption by mechanics

A U.S. federal court on Monday issued a permanent injunction against American Airlines Group Inc's mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season.



5 years ago

Occidental finance chief pledges to quickly pare acquisition debt

Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday.



5 years ago

Asia shares slip as Hong Kong unrest, Argentine peso crash rattle investors

Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.



5 years ago

Asia shares tumble as Hong Kong unrest, Argentine peso crash unnerve investors

Asian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the Japanese yen.



5 years ago

Volatility in China's yuan due to escalating U.S. trade friction: PBOC official

Volatility in China's yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington's decision to raise tariffs, a senior Chinese central bank official said.



5 years ago

Tesla electric car catches fire after hitting a tow truck in Moscow

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.



5 years ago

Russia, after protests, tells Google not to advertise "illegal" events

Russia's state communications watchdog said on Sunday it had asked Google to stop advertising "illegal mass events" on its YouTube video platform.



5 years ago

Fed remains a target as economy falls short of Trump's ambitious goals

It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in "reasonably good" shape, as the head of the central bank recently said.



5 years ago

Wall Street analysts worry these stocks are caught in the deepening US-China trade war

CNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.

5 years ago

How much money do you need to retire? Start with $1.7 million

It turns out that there is a magic retirement number. Most Americans believe it is $1.7 million, according to a survey from Charles Schwab. Here's how they can get there.

5 years ago

Why Boeing investors can look to Chipotle as a path through its crisis and back to big stock returns

A comparison of the Chipotle and Boeing crises reveals similarities that should give Boeing investors a sense of how long a recovery could take.

5 years ago

Tesla electric car catches fire after hitting tow truck in Moscow

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.



5 years ago

Lack of G7, IMF support seen dimming impact of U.S. move on China's yuan

China is unlikely to face serious consequences from the Trump administration's decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said.



5 years ago

Automakers warm up to friendly hackers at cybersecurity conference

At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions.



5 years ago