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Uber Drivers Take Riders the Long Way—at Uber’s Expense

Uber Drivers Take Riders the Long Way—at Uber’s Expense

Many Uber drivers are employing a practice known as longhauling—taking an unnecessarily longer route to a destination in order to drive up a fare. But unlike with taxis where passengers “get taken for a ride,” it is ride-hailing companies like Uber that are responsible for covering the bigger bill.

Published 1 month ago

Wisconsin Primary Shows Waning Power of State’s GOP Leaders

Wisconsin Primary Shows Waning Power of State’s GOP Leaders

Wisconsin’s Republican establishment is firmly behind a state senator running in Tuesday’s U.S. Senate primary, but she’s locked in a tight race with a political novice who has questioned her loyalty to President Trump.

Published 1 month ago

As Texas Recovers From Harvey, Port Arthur Struggles

As Texas Recovers From Harvey, Port Arthur Struggles

Port Arthur was among the poorest communities along the Texas Gulf coast before Hurricane Harvey—and in the year since, it has struggled to recover from flooding that left almost the entire city of 55,000 underwater.

Published 1 month ago

The New Business Banker: A Private-Equity Firm

The New Business Banker: A Private-Equity Firm

Big firms like KKR and Blackstone are lending more where traditional banks won’t—and sometimes competing with them, too.

Published 1 month ago

Airplane Stunt Startles Onlookers, Ends Tragically

Airplane Stunt Startles Onlookers, Ends Tragically

At first, air-traffic controllers didn’t seem alarmed when Richard Russell climbed into the cockpit of a small airliner here Friday evening, spooled up its twin turboprop engines and trundled from its parking spot near a cargo area.

Published 1 month ago

Out of Syria’s Chaos, a Tycoon Builds a Fortune

Out of Syria’s Chaos, a Tycoon Builds a Fortune

Samer Foz has managed the rare feat amid the ravaged nation’s wartime economy of getting rich without getting sanctioned. As a result, he has become the Assad regime’s most important conduit for business deals and a potential linchpin of the country’s reconstruction.

Published 1 month ago

NYSE is putting its own interest ahead of investors’

NYSE is putting its own interest ahead of investors’

Exchange’s opposition to an SEC high-frequency trading study is selfish and mistaken

Published 1 second ago

Google Woos Partners for Potential China Expansion

Google Woos Partners for Potential China Expansion

While Google’s search engine remains blocked in China, the company is courting allies there by providing tools and support to a growing number of app developers, manufacturers and advertisers in the region.

Published 1 month ago

Airplane Stunt Startles Onlookers, Ends Tragically

Airplane Stunt Startles Onlookers, Ends Tragically

At first, air-traffic controllers didn’t seem alarmed when Richard Russell climbed into the cockpit of a small airliner here Friday evening, spooled up its twin turboprop engines and trundled from its parking spot near a cargo area.

Published 1 month ago

After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq?

After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq?

After Tesla Chief Elon Musk’s explosive tweet last week about a possible company buyout, some investors wonder why Nasdaq took more than an hour to halt frenzied trading.

Published 1 month ago

U.S. Takes Trade Fight to Smaller Nations

U.S. Takes Trade Fight to Smaller Nations

The White House push to confront rivals over trade has spread beyond the world’s biggest economies like China and Europe to include poorer countries that also see the U.S. as a critical market for their goods.

Published 1 month ago

Turkish Drama Pummels Emerging Markets Around the World

Turkish Drama Pummels Emerging Markets Around the World

The Turkish lira hit fresh record lows, rattling other emerging markets such as Indonesia and South Africa that are also heavily reliant on foreign investors.

Published 1 month ago

Activist Elliott Management to Push Nielsen Holdings to Sell

Activist Elliott Management to Push Nielsen Holdings to Sell

The New York hedge fund has accumulated a stake of more than 8% in the TV-ratings company.

Published 1 month ago