Business

Business

UPS delays mount as online shopping hobbles courier's network

(c) 2017, Bloomberg. United Parcel Service delays got worse last week as the world’s biggest package delivery company struggled to cope with a surge in online shopping that rival FedEx Corp. handled in stride. “People are buying more than even the carriers expected,” said Satish Jindel, president...


Business

What to do about that distant, frosty boss

Special To The Washington Post. Q: I have been working for the same company and under the same manager for almost a decade. I have also been going to school part time to earn a professional certification. My manager’s boss recently promoted me because of my experience and my education. I am still...


Business

Net neutrality keeps the web from running like an airport security line

(c) 2017, The Washington Post. Let’s talk about the end of net neutrality in terms of a hellscape everyone knows: airport security lines. Net neutrality is on the chopping block Thursday with a vote by the Federal Communications Commission to undo 2015 rules prohibiting internet providers from...


Business

Janet Yellen, America's first female Fed chair, finishes to 'standing ovation'

(c) 2017, The Washington Post. By most measures, Janet Yellen’s leadership of the Federal Reserve has been a great success. Unemployment is far lower now than it was when she took the helm of the central bank in February 2014; the stock market has hit record highs; and inflation is low, but not...


Business

Apple backs Finisar with $390 million for face ID technology

(c) 2017, Bloomberg. Apple is spending $390 million to boost production from a maker of laser technology that’s critical for new iPhone X features such as facial recognition. Apple, whose products can stretch the manufacturing capabilities of suppliers, will invest the money in Finisar Corp. from a...


Business

Bombardier bills marquee jet as U.S.-made in Boeing trade fight

(c) 2017, Bloomberg. Bombardier Inc., a crown jewel of Canadian manufacturing, is billing itself as a major U.S. employer in a bitter trade fight with Boeing that has profits, diplomatic ties and the future of a fledgling aircraft on the line. The maker of the narrow-body jet at the heart of the...


Business

Lufthansa drops plan to buy Air Berlin's Niki as EU digs in

(c) 2017, Bloomberg. Deutsche Lufthansa dropped its plan to buy Austrian airline Niki from insolvent parent Air Berlin after European Union competition regulators opposed the deal, leaving the leisure carrier at risk of folding and stranding thousands of travelers ahead of the Christmas travel rush....


Business

Spirit Airlines CEO to step down in 2019 in new succession plan

(c) 2017, Bloomberg. Spirit Airlines’ chief executive officer said he’ll stay in the job one more year before handing leadership of the deep discounter to its current finance chief, the company said Wednesday. Robert Fornaro, 64, who took over at the airline early last year following the ouster of...


Business

Europe says substantial deal unlikely at world trade talks

(c) 2017, Bloomberg. The European Union said it was unlikely any substantial deals would be reached at a World Trade Organization meeting in Buenos Aires, highlighting how multilateral trade relations are growing increasingly fraught. “Members cannot even agree to stop subsidizing illegal fishing,”...


Business

Target to buy Shipt for $550 million in bet on same-day delivery

(c) 2017, Bloomberg. Target agreed to purchase grocery-delivery startup Shipt Inc. for $550 million, stepping up efforts to challenge Amazon.com in e-commerce orders. Target will use the all-cash acquisition to accelerate its rollout of same-day delivery across the country, the retailer said in a...


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