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IT problems at British Airways on weekend affected over 1,000 flights and left more than 75,000 passengers stranded at Heathrow and Gatwick airports over the three days. The meltdown will cost British Airways, owned by International Airlines Group, about 100 million pounds or $150 million in compensation,...

TheSquare-052917.jpg Ruben Ostlund's Swedish comedy "The Square" has won the prestigious Palme d'Or award for the best movie at the Cannes Film festival. It was a rare and somewhat surprising win for a comedy in a field of 19 films competing for one of the top film awards in the world. Curtains of the 12 day-long 70th...

AdamSchiff-JaredKushner-052917.jpg The chairman of the House committee investigating Russian efforts to influence the 2016 US presidential election has called for a review of White House senior adviser Jared Kushner's security clearance in the wake of allegation that he discussed setting up a back channel with the Russian ambassador in...

Trump-Kushner-052917.jpg US President Donald Trump has defended his son-in-law and senior adviser Jared Kushner, who is facing allegation that he discussed setting up a back channel with the Russian ambassador in December. Trump, who did not comment during his just concluded foreign tour on reports that Kushner is under scrutiny...

Asianmarkets-112014_29May17.jpg European stocks were subdued on Monday as oil extended last week's drop and Italian banks came under selling pressure after the Financial Times reported that Intesa Sanpaolo is considering closing branches and cutting costs in a strategy shift. Trading volumes remained thin following lackluster trade...

Hampton-Farms-recalls-052917.jpg Hampton Farms has voluntarily recalled Ava's brand organic cashews for potential Listeria contamination. The Organic Cashews Roasted & Salted 8 oz. tubs were distributed in New Jersey, New York, Pennsylvania and Connecticut. As per the recall statement, fewer than 225 units of this product were offered for retail sale.

Asian-Markets1_29May17.jpg European stocks are likely to open a tad higher on Monday, although trading volumes are likely to remain thin amid holidays in the U.S., the U.K. and China. Leaders of the G7 group of rich nations Friday failed to make progress on narrowing differences on climate change, as the U.S. president said...

DonaldTrump3-052617.jpg Leaders of the G7 group of rich nations Friday failed to make progress on narrowing differences on climate change, as the US president said he is still reviewing his government's position whether to scrap the United States' involvement in the Paris Agreement. The leaders were unified on stepping up...

wallstreet-111814_26May17.jpg After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday. Despite the choppy trading, the Nasdaq and the S&P 500 ended the day at new record closing highs.

JohnBoehner-052617.jpg Former House Speaker John Boehner, R-Ohio, has offered some harsh criticism of President Donald Trump's early days in the White House, saying most of his time in office has been "a complete disaster."

DonaldTrump3-052617.jpg President Donald Trump pledged Friday that the problems raised by North Korea's nuclear weapons program will be solved. Speaking to reporters as he met with Japanese Prime Minister Shinzo Abe before the start of the G7 Summit, Trump indicated the talks between the two leaders would be primarily focused...

JasonChaffetz-052617.jpg After the FBI declined to turn over memos detailing communications between former Director James Comey and President Donald Trump, House Oversight Committee Chairman Jason Chaffetz, R-Utah, is demanding the agency produce the documents within the next two weeks.

wallstreet-112414_26May17.jpg After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Friday. The major averages have spent the day bouncing back and forth across the unchanged line.

UPS-Fined-052617.jpg A federal judge has ordered delivery giant UPS Inc. to pay New York City and the state nearly $247 million for illegally transporting untaxed cigarettes through out the New York. U.S. District Judge Katherine Forrest said that the company ignored "red flags" and continued to transport untaxed cigarettes....

Fedminwage-052617.jpg A Democratic party bill proposing to hike the minimum wage in the United States to $15 an hour by 2024 was introduced in the Congress Thursday. The Bill also envisages to eliminate an exception for tipped workers, and cut the employers' option to pay handicapped workers a sub-minimum wage. Congressional...

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