In a statement late on Monday, United Airlines said the current U.S. 5G wireless rollout plan is likely to negatively impact an estimated 1.25 million United passengers and at least 15,000 flights annually. United Airlines urged the Biden Administration to… Read More ›
San Francisco
Racial inequalities cost US economy $51 trillion since 1990
According to a paper presented at The Brookings Institution, racial and ethnic inequities have cost the U.S. economy nearly $51 trillion in lost output since 1990, said San Francisco Federal Reserve President Mary Daly. Daly is one of the three… Read More ›
United Airlines and the American Airlines Group Inc stops non-stop flights to Shanghai
In a statement, United Airlines and the American Airlines Group Inc said, they have stopped non-stop flights from the United States to Shanghai, which included Seoul on the route. “We started operating passenger service from DFW (Dallas/Fort Worth) to PVG… Read More ›
NYSE transitions to e-trading from Monday to limit spread of Wuhan coronavirus
A day after an employee and a trader tested positive for the Wuhan coronavirus, the New York Stock Exchange (NYSE) said, it will temporarily close its trading floors and move fully to electronic trading from Monday, said Intercontinental Exchange Inc,… Read More ›
Mark Suzman to replace Sue Desmond-Hellmann as CEO at Bill & Melinda Gates Foundation
In a statement the Bill & Melinda Gates Foundation stated, its Chief Executive Sue Desmond-Hellmann will be stepping down after more than five years, and Mark Suzman will be replacing her. Desmond-Hellmann stated, she was stepping down from the Gates… Read More ›
Japan second biggest drugmaker Astellas Pharma to acquire Audentes Therapeutics for $3 billion
Japan’s Astellas Pharma Inc is set to acquire Audentes Therapeutics Inc for around $3 billion in a deal aimed at boosting genetic medicines – a key area of growth. Gene therapies are one of the hottest areas of drug research…. Read More ›
United Airlines to resume daily non-stop flights from India to the U.S. from September 6
Pakistan had imposed a flight ban on its airspace following Indian strikes on terror camps in its territory. Pakistan has now issued a NOTAM lifting that restriction. On Wednesday, United Airlines Holdings Inc stated, it would restart its daily nonstop… Read More ›
PG&E Corp asks court approval for setting up $105 million wildfires victims fund
PG&E Corp is of the opinion that authorities are likely to conclude that the November forest fire, California’s most destructive and deadliest fire of modern times, was sparked by its equipment. In a filing in U.S. Bankruptcy Court in San… Read More ›
GM increases the fleet of its test self-driving cars from 30 to 100 in San Francisco
The development comes in the wake of a U.S. Senate panel approving the legislature for self-driving vehicles on U.S. roads. Cruise Automation, General Motors Co’s self-driving unit has disclosed that it has more than doubled the size of its test… Read More ›
VW receives thumbs up for its Electrify America plan
Volkswagen AG will be spending $2 billion, across 10 years, to advance the development of electric vehicles in the country, as part of its settlement plans. The California Air Resources Board has unanimously voted to approve the 30 month plan… Read More ›