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United sees profit on horizon despite renewed virus fear

Bloomberg United Airlines Holdings Inc. is confident that a domestic travel resurgence will continue despite rising coronavirus infections, leading the carrier to forecast profits for the rest of this year “We don’t just see the light at the end of the tunnel, we’re exiting the tunnel,” Chief Executive Officer Scott Kirby said on an earnings call, citing robust demand. “It’s ...

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Uber ramps up on-demand grocery in US 

Bloomberg Uber Technologies, Inc is accelerating its on-demand grocery delivery service in the US, more than doubling the cities where it’s available and partnering with a major grocer as the pandemic-fueled delivery competition heats up. After launching its grocery delivery service last July, Uber said on Monday that it can now be used in more than 400 locations in the ...

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Biden has no immediate plan to sanction China over hacks

Bloomberg The Biden administration has no immediate plans to levy economic sanctions on Chinese officials in response to the Microsoft Exchange hack that the US blames on Beijing, according to people familiar with the matter. Some in the administration cite concern that sanctions wouldn’t be as effective as other approaches in deterring future cyber-attacks by China, according to two people ...

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