France impounds Ryanair plane on tarmac before take-off

Interested in Airlines? French authorities have seized a Ryanair plane and forced 149 passengers to disembark because of a dispute over subsidies to the Irish airline. The French civil aviation authority said Friday it had impounded the plane on the tarmac of the Bordeaux-Merignac airport as a “last resort.” Ryanair did not publicly comment on the seizure. In a statement, […]

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UK PM May: I won’t agree on a Brexit deal ‘at any cost’

Interested in Brexit? British Prime Minister Theresa May said Tuesday that she wouldn’t agree upon a Brexit deal with the European Union “at any cost,” as the two sides remained deadlocked on the issue of the Irish border. May briefed her Cabinet on progress toward an elusive divorce deal with the bloc. Talks are stuck on finding a way to […]

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Spotify stock drops as subscriber growth forecast cut

Spotify stock plunged 8 percent after the Swedish music streamer cut its forecast for subscriber growth and downplayed speculation it’s looking to compete directly with big record labels. “We don’t view this as Spotify has to win and the labels have to lose,” Spotify Chief Executive Daniel Ek said during a Thursday call on the company’s third-quarter earnings. Speculation has […]

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Indonesia’s Lion Air says it’s lost contact with airplane

Interested in Airlines? A Lion Air flight with 188 people on board crashed into the sea just minutes after taking off from Indonesia’s capital on Monday. Indonesia’s disaster agency posted photos online of a crushed smartphone, books, bags and parts of the aircraft fuselage that had been collected by search and rescue vessels that have converged on the area. Spokesman […]

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Tesla Model S drops sharply in reliability survey

Tesla’s high-end Model S sedan lost its “recommended” rating and the electric-car maker slid overall by six spots to almost the bottom in Consumer Reports magazine’s annual reliability survey. Every domestic automaker landed in the bottom half of the magazine’s new-car reliability rankings, which include data collected for more than 500,000 vehicles. The survey, which ranked 29 brands in the […]

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Big Facebook investors call for ouster of Zuckerberg as chair

Big public investment funds are throwing their weight behind a push to oust Mark Zuckerberg from the helm of Facebook’s board. Four large institutional investors — including New York City Comptroller Scott Stringer, as well as the state treasurers of Pennsylvania, Illinois and Rhode Island — said Wednesday they’re signing onto a shareholder proposal filed in June by Trillium Asset […]

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Netflix posts huge gains as subscriber growth soars

Popular returning series like “Marvel’s Luke Cage” and an influx of new international content helped Netflix smash Wall Street’s third-quarter earnings and subscriber growth expectations. The streaming behemoth said Tuesday that its subscriber base grew by nearly 7 million in the quarter, led by the addition of 5.9 million new users abroad. Netflix, which expects to add another 9.4 million […]

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