CrowdStrike Holdings Inc
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant and CrowdStrike for thousands of flight cancellations in the wake of a […]
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Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Palantir now sees revenue between $2.74 billion and $2.75 billion. That’s up from a range of $2.68 billion to $2.69 billion. Yum China — Shares surged 8% after the Shanghai-based operator […]
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Abnormal Security, valued at $5.1 billion amid email security push, eyes eventual IPO
Abnormal Security co-founders Sanjay Jeyakumar and Evan Reiser Abnormal Security Cybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion. Abnormal’s latest funding round is being led by Wellington Management and includes existing investors Greylock Partners, Menlo Ventures, Insight Partners, as […]
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CrowdStrike is sued by fliers after massive outage disrupts air travel
Travelers wait to board their delayed flight at the Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Brandon Bell | Getty Images CrowdStrike‘s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled. In a proposed class action […]
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CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage
Travelers wait in line, as a flight board shows delays, on the check-in floor of the Delta Air Lines terminal at Los Angeles International Airport (LAX) on July 23, 2024 in Los Angeles, California. Mario Tama | Getty Images CrowdStrike on Sunday said Delta Air Lines had rejected onsite help during last month’s massive outage […]
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Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, chief executive officer of Delta Air Lines Inc., speaks during a keynote at CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020. Bridget Bennett | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught […]
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CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange on July 25, 2023. Angela Weiss […]
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Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million
Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million. Bastian said the figure includes not just lost revenue but “the tens of millions of dollars per day in compensation and hotels” over a period of five days. The […]
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Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts’ expectations . The New York City-based carrier posted adjusted earnings of 8 cents per share, excluding one-time items, compared to analysts’ estimated loss of 11 cents per share, according to LSEG. Revenue […]
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CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
Sopa Images | Lightrocket | Getty Images Crowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor. Crowdstrike fell $28.98 to $228.83 as of early afternoon trading. The company has now lost one-third […]
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