california-based

U.S. senators quiz airlines on IT systems after Delta disruption

Two U.S. senators on Tuesday sent letters to 13 major airlines expressing concerns that their information technology systems are vulnerable to outages that can strand thousands of passengers similar to recent flight cancellations. Senators Richard Blumenthal and Edward Markey sent letters after Southwest Airlines Co and Delta Air Lines Inc experienced technology issues that resulted in thousands of flight cancellations across the country.

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U.S. senators quiz airlines on IT systems after Delta disruption

california-based

Oil at five-week high as OPEC sources, Russia, talk of cooperation

Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's apparent desire for higher crude prices while Russia met the producer group to discuss the market. A weaker dollar also supported crude prices, as did the loss of more than 700,000 barrels per day (bpd) in Nigerian output to militant attacks and pipeline problems. The Organization of the Petroleum Exporting …

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Oil at five-week high as OPEC sources, Russia, talk of cooperation

california-based

SEC charges company for severance agreements that deter whistleblowing

WASHINGTON (Reuters) – U.S. securities regulators filed charges on Tuesday against a California-based company for preventing outgoing employees from reaping the benefits of government whistleblower awards.

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SEC charges company for severance agreements that deter whistleblowing