American Airlines agrees to double-digit pay raises


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American Airlines agrees to double-digit pay raises
American Airlines has reached deal on double-digit pay raise for maintenance and fleet service workers.

Subway has a ‘fresh’ new logo
Subway has rebooted its logo to convey the ‘colorful array of fresh vegetables.’

Intel recalls smartwatches that will burn your skin
Read full story for latest details.

AC Milan sold to Chinese investors for $820 million
Former Italian Prime Minister Silvio Berlusconi has sold AC Milan to a group of Chinese investors for 740 million euros.

Hooray! Good jobs news is good for stocks too
The market rallied on Friday following a much better than expected jobs report. Even though the solid jobs gains increase the chances of a rate hike by the Fed, investors recognize that a strong U.S. economy is good for the market.

This cybersecuity company kills Pokemon
Cybersecurity firm LookingGlass has been called on by eight Florida companies to exterminate Pokemon from their property.

Marijuana growth expected to push this stock higher
Scotts Miracle-Gro is squaring up to cash in on the marijuana business — and JP Morgan is betting its stock will go higher.

GE CEO Jeff Immelt says all new hires will learn to code
GE chief executive Jeff Immelt said anyone that joins the company in their 20s will learn to code.

Cheap oil has killed nearly 200,000 U.S. jobs
Pink slips continue to fly in the oil patch, with nearly 18,000 layoffs in July alone. That brings the sum of job cuts due to cheap oil to 195,000 since mid-2014, according to Challenger, Gray & Christmas.

Is Twitter finally about to get bought?
Twitter’s stock is rallying on more takeover rumors. Given that Jack Dorsey’s other company, Square, just reported solid results, perhaps it’s time for him to cash in on Twitter and focus exclusively on Square?

Apple says it now pays women, men, whites and minorities equally
Apple says it’s become more diverse by hiring more women and minorities.

Top golfers shun Rio, but Callaway CEO still excited
Even though Rory McIlroy, Jordan Spieth, Tiger Woods and other golfers won’t be playing in Rio, the CEO of golf equipment king Callaway thinks having the sport in the Olympics for the first time since 1904 is good for business.

Nike halting golf equipment business
Nike said Wednesday that it plans to keep making golf shoes and apparel, but it’ll no longer make clubs or golf balls.

Sports Authority executive bonus request rejected by bankruptcy judge
Sports Authority executives that asked for multi-million bonuses were denied that request by the judge presiding over the company’s bankruptcy proceedings.

Fox News voice not changing despite Ailes’ departure, but questions linger
The Murdochs are sidestepping many of the questions swirling around Fox News in the wake of Roger Ailes’ resignation. But they’re being clear about one thing: Fox will retain Ailes’ conservative view of the world.

Gun CEO worries about Hillary Clinton as president
Gun manufacturers are facing a “unique time in our history” because a presidential candidate is “actively campaigning” against the gun industry and criticizing a Supreme Court ruling on guns, the CEO of Sturm Ruger told CNNMoney.

Atlantic City’s Trump Taj Mahal to close amid month-long strike
Read full story for latest details.

Why Americans aren’t shopping till they drop
There are growing concerns about slowing sales at Macy’s, JC Penney, Kohl’s and other retailers. Weak auto sales also are making people worried that the consumer may be tapped out. But Amazon and Home Depot continue to thrive.

Dubai airport handles 200,000 passengers a day
Dubai is the world’s busiest international airport and home to Emirates airline.

First private company gets the OK for a moon shot
Moon Express gets federal OK to try first private flight to moon in 2017

Sturm Ruger sales jump 19%
Sturm Ruger posted a quarterly earnings update Tuesday, showing gun sales continue to surge.

Southwest no longer feeling Wall Street’s LUV
Southwest had long been one of the top airlines for investors and travelers. But a recent bout of delays, worries about earnings as oil prices rise and discontent among pilots has investors concerned.

Aetna rethinks Obamacare participation
Two weeks after Department of Justice blocks its Humana merger, Aetna reviews its Obamacare involvement.

Many big European banks have lost half their value
Shares in a dozen major European banks have crashed by 50% or more in a year as investors worry about negative interest rates, poor economic growth and weak finances.

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