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Business
Delta CEO says CrowdStrike outage cost airline half a billion dollars
Delta CEO Ed Bastian said on Wednesday that the massive CrowdStrike tech outage that disrupted operations cost the airline $500 million. Bastian pegged the negative impact…
Bill Ackman’s backers will be stung by his fundraising flop
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At least Bill Ackman recently found one set of receptive…
Boeing names Kelly Ortberg as new CEO
Boeing on Wednesday named aerospace veteran Robert "Kelly" Ortberg as its new CEO. Ortberg, who led Boeing supplier Rockwell Collins, will succeed Dave Calhoun, who announced…
Boeing names Kelly Ortberg as new chief executive
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing has named Kelly Ortberg as its new chief…
Private sector job growth slows in July to just 122K, worse than expected
Hiring by U.S. companies slowed more than expected in July, pointing to a labor market that is continuing to cool in the face of higher interest rates, according to the ADP…
CBiz to buy Spac-focused Marcum in $2.3bn accounting deal
Stay informed with free updatesSimply sign up to the AccountancymyFT Digest -- delivered directly to your inbox.The US accounting firm Marcum, which audits more US-listed…
Biden administration unveils ‘major step’ towards massive new round of student loan handouts
President Biden says his administration is taking "another major step" in student debt handouts as the Department of Education will start emailing tens of millions of…
Extreme weather has hit the insurance sector. So why are share prices rising?
Hello from London, where recent scorching heat has been yet another reminder of our world’s relentless rise in temperature, and all that goes with it. Last Monday was the Earth’s…
Inflation in the US is highest and lowest in these cities
Americans are facing vastly different inflation rates depending on where they live in the U.S., with the Northeast becoming a hotbed for stubborn price growth. The Labor…
Phoenix and Schroders team up for private markets venture
Stay informed with free updatesSimply sign up to the Financial servicesmyFT Digest -- delivered directly to your inbox.Phoenix Group, the UK’s largest savings and retirement…