Industry

Delta Continues Flight Cancellations Days After Global IT Outage, Amounting to $163 Million Loss

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."


Latest News

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waymo
The self-driving car units are now in service in Metro Phoenix, San Francisco, Los Angeles, and Austin.
Google Blames AI in Carbon Emissions Rise, Challenging 2030 Net Zero Pledge
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Delta Air Lines Strikes Deal With Riyadh Air to Operate Flights Between US and Saudi Arabia
The investigation comes after the DOT received hundreds of complaints over Delta's "unacceptable customer service conditions."
Spotify's Q2 Profit Surpasses Expectations After Layoffs and Price Hikes
After laying off employees and implementing price hikes, Spotify reported meeting a more-than-expected financial outlook in Q2 2024, with its stock up over 10% and a total revenue of $4.14 billion.
Biden Administration Proposes Rule to Exclude Medical Debt from Most Credit Reports
Biden and other Democrats have endorsed Harris as the party's potential presidential nominee for the 2024 election.
Microsoft Agrees to $14.4M Settlement Over Retaliation and Discrimination Claims in California
It was not immediately clear how many employees were affected by Microsoft's recent layoffs. Tech giant Microsoft has quietly laid off an entire internal team focused on diversity, equity, and inclusion (DEI)---making the company the latest corporation to ditch diversity-based initiatives.
Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters.
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