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Business
A billion dollars is probably the wrong price for Queen’s songbook
The biggest mystery of “Bohemian Rhapsody” is why anyone would want to listen to it twice. The second-biggest mystery relates to who gets paid when they do, though that might soon…
Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items
Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary…
ArcelorMittal seeks to safeguard its operations at UK docks
Stay informed with free updatesSimply sign up to the UK propertymyFT Digest -- delivered directly to your inbox.ArcelorMittal on Thursday called on the next UK government to block…
Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation
Senate Majority Leader Chuck Schumer, D-N.Y., led a group of 23 Democratic senators who wrote letters urging the Justice Department to take steps to prevent and prosecute…
Boeing vows to improve training and eliminate defects in FAA plan
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing submitted a plan to federal regulators on Thursday…
FAA won't approve increased 737 Max production in near future
The head of the Federal Aviation Administration said Thursday that it hasn't given Boeing the green light to increase production of its 737 MAX 9 jets and hinted that it won't…
Hedge fund billionaire Bill Ackman likely to back Donald Trump
Hedge fund billionaire Bill Ackman is leaning towards backing Donald Trump in the US election, according to a person briefed on his thinking, as some of Wall Street’s leading…
Hackers claim Ticketmaster data breach, offer info of 560 million customers for sale
A notorious hacking group claims it has breached Ticketmaster's systems and is offering the stolen data of 560 million customers for sale, according to multiple reports. The…
Future energy demand does not need new fossil fuels, study says
Stay informed with free updatesSimply sign up to the Renewable energymyFT Digest -- delivered directly to your inbox.Energy groups did not need to develop any new oil, gas and…
Stop & Shop to close underperforming stores
Grocery chain Stop & Shop is planning to shutter underperforming stores to ensure viability. "Stop & Shop will make some difficult decisions to close select…