Delta Air Lines and Alitalia are launching COVID-tested, quarantine-free flights between the U.S. and Italy starting in December, resuming an air route that has been shut since the spring’s rise of the pandemic. The new program from the nation’s biggest airline and Italy’s national airline will allow a limited number of passengers to take transatlantic flights … Read more
Barnes & Noble has concluded that a cyberattack against its computer systems last month didn’t compromise customer data — even as publishers worry the aftereffects could muck up book distribution during the crucial holiday season. In an exclusive interview, B&N CEO James Daunt said the giant bookseller now believes the data breach it disclosed in … Read more
OxyContin maker Purdue Pharma formally admitted to its role in the nationwide opioid epidemic on Tuesday by pleading guilty to three criminal charges. Company chairman Steve Miller entered the plea on behalf of Purdue — controlled by the Sackler family, who were once fixtures on the New York social circuit — during a virtual court … Read more
A growing number of customers are putting the brakes on their Peloton orders as the company struggles to make timely deliveries. Fans of the $2,000 exercise bikes have had been publicly griping on Twitter and even defecting to rival equipment makers thanks to Peloton’s ability to get a handle on its delays, which in some … Read more
Twitter is doubling down on stopping the spread of misinformation following the US Presidential election, adding even more hurdles to stop misleading tweets from going viral. The social network said Tuesday that it would begin taking users who attempt to hit the like button on a flagged tweet to a screen informing them that the … Read more
Elon Musk may only be the world’s second-richest man, but he arguably holds the title for world’s cheapest. The Tesla chief has given away a paltry portion of his $128 billion fortune compared to more philanthropic billionaires like Microsoft co-founder Bill Gates. Musk, 49, has donated roughly $100 million to charitable causes over the course … Read more
JPMorgan Chase has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a US regulator said Tuesday, in the second chunky penalty for the bank in less than two months. The Office of the Comptroller of the Currency said it found that JPMorgan’s risk management … Read more
Tiffany & Co., which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the US jeweler benefited from an over 70 percent rise in sales in China and a recovery in demand at home. The results bode well for the upcoming holiday season for the jeweler … Read more
The Dow Jones industrial average surged past the 30,000 mark for the first time in history on Tuesday as Wall Street welcomed a key step toward a peaceful transfer of power in Washington. The blue-chip index climbed as many as 479.4 points, or about 1.6 percent, to an intraday peak of 30,070.67 after President Trump … Read more
Cindy Holland, whose surprise departure from a top role at Netflix this summer shocked Hollywood, has resurfaced as a board member at a blank-check company that’s focused on the media and entertainment space. A key visionary behind Netflix’s strategy to develop original content for nearly two decades, Holland will advise Horizon Acquisition Corp. — a … Read more