Business

Apple set to face near €500 million EU fine in Spotify row

Apple Inc. will face a European Union fine close to €500 million ($539 million) over the regulator's investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms.

Business

American Airlines CEO to step down in March

Veteran American Airlines Chief Executive Doug Parker plans to step down in March and will be succeeded by his deputy, Robert Isom, the carrier announced Tuesday.

Business

American Airlines reports $2.4 bln loss in Q3

American Airlines announced Thursday that its earnings plunged 73 percent in the third quarter amid the collapse in air travel during the coronavirus pandemic, causing a loss of $2.4 billion, which was not as bad as analysts ...

Virus-hit Rolls-Royce boosts finances with £5.0bn plan

British aerospace giant Rolls-Royce, facing plunging demand as the coronavirus pandemic sparks an air transport crisis, launched plans Thursday to shore up its finances by up to £5.0 billion ($6.4 billion, 5.5 billion euros).

Computer Sciences

Cleaning up money laundering

Money laundering is big business but wholly illegal big business. It has an enormously negative impact on local, national, and international economies as well as providing the financial means to fund other criminal activities ...

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