Delta cancels hundreds more flights, expects normal operations soon
(Reuters) – Delta Air Lines Inc on Wednesday canceled more than 300 flights and upended thousands of travelers’ plans for the third day in a row after a power outage hit its computer systems, though it forecast a return to normal operations later this…
Oil down 2 percent as U.S. crude build offsets gasoline draw
NEW YORK (Reuters) – Oil prices fell 2 percent on Wednesday after the second-biggest weekly draw in U.S. gasoline this summer was countered by an unseasonal growth in crude stockpiles.
Auto safety chief hits America’s hot roads to push recall repairs
MIAMI (Reuters) – Under a blazing sun in a Florida college parking lot, employees of the U.S. government’s auto safety regulator, Toyota Motor Corp and a tire industry trade group checked vehicles for recall notices, under-inflated tires and improperly installed child safety seats.
U.S. jobs openings increase in June, layoffs near two-year low
WASHINGTON (Reuters) – U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further, according a government report on Wednesday.
Nasdaq to launch incentives to spur trading in low-volume ETFs
NEW YORK (Reuters) – Nasdaq Inc NDAQ.O on Wednesday said it plans to increase the amount it pays to trading firms that support exchange-traded funds in an effort to make thinly traded ETFs easier to buy and sell.
Wendy’s comparable sales miss as fewer diners eat out
(Reuters) – Burger chain Wendy’s Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company’s shares down as much as 8 percent.
‘Self-driving’ in spotlight again as China sees first Tesla autopilot crash
BEIJING (Reuters) – Tesla said on Wednesday that one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as ‘self-driving’, overplaying its actual capabilities.
Banks and tech firms apply blockchain to trade finance
LONDON/HONG KONG (Reuters) – An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes.
Exclusive: ACT shakes up security unit, plans audit after cheating reports
LONDON/SHANGHAI (Reuters) – ACT Inc, maker of America’s most popular university entrance exam, is laying off its head of test security and plans to audit nearly 200 education centers after Reuters detailed widespread cheating in an ACT-owned college-prep program for international students.
In recovering housing market, the starter home remains elusive
NEW YORK/LOS ANGELES (Reuters) – Seeking a yard for her two dogs and proximity to her new government job, Alison Owen set out to buy a home this spring in the hot market of Austin, Texas.
