Industry
Here’s How Much CrowdStrike’s Tech Outage Caused in Damages
Airlines were the hardest hit companies, $0.86 billion in total due to the outage. Insurers are now beginning to calculate the financial damage caused by CrowdStrike's faulty software update and the subsequent global tech outage, and the estimates currently surpass $1 billion.
Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
Delta CEO Ed Bastian arrived in Paris on Wednesday morning as the airline struggled with a five-day meltdown that led to the cancellation of thousands of flights.
134-Year-Old Home Goods Retailer Conn’s Files for Bankruptcy, to Close Over 70 US Stores
The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.
Crowdstrike Blames Global Outage on Test Software, Offers $10 Apology Gift Card to Partners
The firm said the testing program used to validate security updates missed "problematic content."