American Air cuts two inches of legroom on some seats in new jets

American Airlines is shaving off an additional two inches of economy class legroom onsome of the seats in its new Boeing 737 MAX jets, just as relations between U.S. airlines and their passengers sink to a new low. The new planes will have more seats than earlier...

Somali piracy is back with a $1.7 billion problem after shipping firms lower vigilance

While zero vessels were hijacked in 2016, there were 27 reported incidents of pirate activity, according to the report. In 2017, there have been two high-profile hijackings by Somali pirates, including the Aris-13 tanker in mid-March and a commercial Indian ship in...

A secretive Chinese conglomerate HNA Group is taking top stake in Deutsche Bank

The nomination of a prospective adviser to President Trump was torpedoed after its business ties with the aide came to light. It owns stakes in Hilton Worldwide Holdings and in the technology distributor Ingram Micro. And, as of Wednesday, it is the biggest...

A secretive Chinese conglomerate HNA Group is taking top stake in Deutsche Bank

The nomination of a prospective adviser to President Trump was torpedoed after its business ties with the aide came to light. It owns stakes in Hilton Worldwide Holdings and in the technology distributor Ingram Micro. And, as of Wednesday, it is the biggest...

Facebook to add 3,000 workers to monitor live video, other posts

Facebook plans to add 3,000 people over the next year to monitor reports of inappropriate material on the social media network such as videos of murders and suicides, chief executive officer Mark Zuckerberg said on Wednesday. Zuckerberg, the company’s...

US services sector growth picks up pace in April, ISM report shows

The Institute of Supply Management’s non-manufacturing index, which tracks the U.S. economy’s service sector, hit 57.5 for the month of April, coming out on top of expectations. The index grew for the 88th consecutive period, data revealed on Wednesday....