United Airlines announced Thursday that CEO Oscar Munoz will turn over day-to-day management of the airline next spring to President Scott Kirby, who will become company’s chief executive officer. The change happens in May, when Munoz becomes executive chairman, succeeding Jane Garvey, 75, who is retiring from the board. GP: Oscar Munoz, chief executive officer of United Continental Holdings Inc., speaks during a Bloomberg Television interview in Chicago, Illinois, U.S., on Wednesday, April 24,

“Evil Corp.,” a name reminiscent of the nickname for the key malevolent corporation in the popular television drama “Mr. Once infected, the malware was able to steal login credentials and empty the accounts of bank employees and bank customers, forwarding the proceeds to offshore accounts held by Evil Corp, according to the press release. The Justice Department announced indictments against key ringleaders of the group, while the Treasury Department announced sanctions against Evil Corp. under t

College is a significant investment that comes with the hope of a better, richer life. Starting salaries for new college graduates have grown less than 1% over the past two years, remaining at around $50,000. Worse yet: A decade after leaving school, more than 1 in 5 graduates are working in a job that doesn’t even require a degree. However, obtaining a diploma is almost always worth it in the long run, according to “The College Payoff,” a report from the Georgetown University Center on Educatio

“The president’s actions have seriously violated the Constitution,” Pelosi, D-Calif., said in a statement to reporters on Capitol Hill. House Speaker Nancy Pelosi on Thursday asked the House committees investigating President Donald Trump to proceed with articles of impeachment. Pelosi’s comments confirm what was widely expected: that the Democrat-controlled House will vote on whether to impeach the president. Minutes after Pelosi concluded her remarks, White House press secretary Stephanie Gris

Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics. Retail sales also tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted shoppers to tighten their purse strings. When government loans, credit guarantees and private-sector spending are included, the package comes to 26 trillion ye

A oil rigger at the Schlumberger field prepares pipes in Midland, Texas on December 16, 2008. Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. The Organization of the Petroleum Exporting Countries meets on Thursday in Vienna followed by a meeting on Friday with Russia and other producers. That group is known as OPEC+. The OPEC+ group has been curbing output since 2017 to cou

Sterling reached a fresh seven-month high against the dollar Thursday, apparently propelled upward by a belief that the upcoming U.K. general election will result in a majority for Prime Minister Boris Johnson’s Conservative Party. The pound has risen 1.5% against the greenback over the past three trading days and on Thursday morning reached a high of $1.3146 — the strongest level since early May. Commodity Futures Trading Commission data, released each Friday, reveals that net shorts against th

Global bank HSBC is setting a single annual overdraft rate of 39.9% for its U.K. customers, as it scraps daily charges for people who go into unarranged borrowing on their account. HSBC currently charges between 9.9% and 19.9% of interest on arranged overdrafts. This applies to HSBC Advance, Bank Account and Current Account. Unarranged overdraft fees can be more than 10 times as high as charges on payday loans in some cases, it said. U.K. bank Nationwide Building Society also moved to a single a

JOEL SAGET | AFP | Getty ImagesFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. Prior to his election in 2017, President Emmanuel Macron vowed to reform France’s pension system. Previous attempts to change the pension system have also been met with strong opposition from public sector workers. In 1995, President Jacques Chirac ended up caving into union demands after his pension reform plans faced weeks of demons

Tensions between Ukraine and Russia rose on November 25, 2018 when Russian forces seized three Ukranian navy vessels and their crew. Ukraine imposed martial law for 30 days in 10 regions that border Russia, the Black Sea and the Azov Sea on November 28. LONDON — If peace talks between Ukraine and Russia go nowhere and the conditions of a cease-fire are not implemented, Kiev will consider building a wall along its borders with Russia, an aide to President Volodymyr Zelensky said Thursday. “Ukrain

Goldman Sachs upgraded Nike on Thursday and said it saw the company as a “unique asset” with China as a “key driver of growth.” The firm upgraded the company to buy from neutral and added the stock to its conviction buy list. Goldman also raised its price target to $112 from $95. Shares of Nike are up 2.30% to $95.88 in premarket trading. “We believe Nike is on the cusp of a sharp acceleration in EPS growth,” Goldman Sachs analyst Alexandra Walvis said.

Head of Google’s UK start-up program: We want entrepreneurs to represent societyMarta Krupinska, head of Google for Startups UK, gives her thoughts on the challenges facing Europe’s tech industry.

Goldman Sachs upgraded Nike on Thursday and said it saw the company as a “unique asset” with China as a “key driver of growth.” The firm upgraded the company to buy from neutral and added the stock to its conviction buy list. Goldman also raised its price target to $112 from $95. Shares of Nike are up 2.30% to $95.88 in premarket trading. “We believe Nike is on the cusp of a sharp acceleration in EPS growth,” Goldman Sachs analyst Alexandra Walvis said.

U.S. government debt prices were little changed on Thursday as investors monitored U.S.-China trade talks and awaited a fresh batch of economic data. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 1.7818%, while the yield on the 30-year Treasury bond was also little changed at around 2.2359%. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.” Market participants are closely monitoring

South Korea’s LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. An LG Chem spokesman confirmed an earlier Reuters report on the joint venture but declined to give details. Tesla’s factory and LG Chem’s battery factory in Michigan do not have unions. Reuters first reported in July that LG Chem was considering its second U.S. factory with production slated to start in 2022. LG’s second plant

Chinese Ministry of Commerce spokesman Gao Feng speaks at a press conference in Beijing, days ahead of an imminent US-China trade war, on July 5, 2018. BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached. “China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of

People walk past the Myer Christmas window display as they do their shopping on December 20, 2012 in Melbourne, Australia. Australian retailers had it tough in October as skittish consumers chose to hoard any windfall from lower interest rates and tax rebates, likely heralding another quarter of disappointment for the economy. Extending a spate of soft reports, retail sales were flat in October at A$27.6 billion ($18.73 billion) when analysts had looked for a 0.3% gain. The dire result was parti

The Hong Kong government is keeping an open mind to additional measures that will help support the city’s economy, Edward Yau, the city’s secretary for commerce and economic development, said on Thursday. “Hong Kong is of course hit doubly by a sort of twin cycle — U.S.-China trade war and also the local unrest; I think the enterprises are hard hit,” Yau told CNBC’s “Street Signs.” Yau added that the Hong Kong government has been rolling out support measures for businesses even before the social

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. India’s central bank surprised on Thursday by keeping its interest rates unchanged. Markets had widely expected a sixth rate cut from the Reserve Bank of India amid a notable slowdown in the Indian economy. As things stand, the benchmark repo rate — the rate at which it lends to commercial banks — remains at 5.15%. The central bank reiterated it will maintain its “acco

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election. The statement comes after two-d