adminWhy United Airlines invested $1 billion in Denver Airport
Last year was Denver International Airport’s busiest on record. While airline stocks have yet to fully recover to pre-pandemic levels, passengers have returned in droves — and millions of them…
Spirit Airlines raises fourth-quarter forecast, stock jumps
Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | South Florida Sun-sentinel | Getty…
JetBlue and Spirit appeal judge’s ruling that blocks their proposed merger
Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images JetBlue Airways…
Wendy’s names Kirk Tanner new CEO
A “Now hiring” sign is displayed outside of a Wendy’s in Miami, Florida, on Oct. 8, 2021. Joe Raedle | Getty Images Wendy’s has tapped PepsiCo veteran Kirk Tanner as…
Failed JetBlue buyout leaves Spirit Airlines with a tough path forward
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. Joe Cavaretta | Sun Sentinel | Getty…
Jamie Dimon warns on U.S. economy in 2024, 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all…
Boehringer Ingelheim, Terns, Viking may join market
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk…
Classic car auction site Bring a Trailer sales hit record $1.4 billion
1967 Porsche 910 Source: Bringatrailer.com Bring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids. Bring a…
JetBlue-Spirit merger block in win for Biden’s Justice Department
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC A federal judge Tuesday blocked JetBlue Airways‘ purchase of Spirit Airlines after the…
Delta Air Lines (DAL) Q4 2023 earnings
Delta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued…
For 10-year GM CEO Mary Barra, 2024 is about change and crisis
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon |…
Renewed interest in ADCs will continue in 2024
Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images SAN FRANCISCO — An established but promising…
Alaska, Japan airline incidents highlight importance of safety demonstrations
A display showing the ‘fasten your seatbelt’ sign and the ‘no smoking’ sign illuminated on board an aircraft. Jeff Overs | BBC News & Current Affairs | Getty Images You…
The Rubik's Cube turns 50: How a 3-by-3 grid captured hearts and market share
The cube claims 42% market share in the brain teaser category, and in 2022 brought in $75.3 million in global retail sales.
Flights canceled, delayed as weather, Max 9 grounding disrupt travel
A screen displays flight information at Des Moines International Airport, in Des Moines, Iowa, U.S., January 12, 2024. REUTERS/Marco Bello Marco Bello | Reuters Airlines canceled more than 3,000 U.S.…
Airline stocks tumble after Delta trims profit forecast
Delta Air Lines shares slipped about 9% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate…
FAA to audit Boeing production line after 737 Max 9 accident
The Federal Aviation Administration on Friday said it will audit Boeing‘s production line, a week after a door plug blew off an Alaska Airlines 737 Max 9. The agency said…
CVS to close ‘select’ pharmacies in Target stores in the coming months
CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The…
New York and California make retail theft top 2024 priority
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb…
Citigroup at risk of quarterly loss after disclosing charges
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges…
The Messenger bets survival on huge ad revenue turnaround
Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on…
Honda teases new EVs with Space-Hub, Saloon concept cars
Honda Saloon concept electric vehicle Courtesy Honda Honda Motor revealed two concept cars Tuesday at the CES tech conference as a preview for a new lineup of electrified vehicles that…
Radio shows surprising resilience in changing media world
Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014. Robert Alexander | Archive Photos | Getty Images It’s a familiar refrain:…
Eli Lilly weight loss drug site may not upend industry
Sopa Images | Lightrocket | Getty Images Eli Lilly is shaking up the pharmaceutical industry with a new website offering telehealth prescriptions and direct home delivery of certain drugs, including…
Walgreens (WBA) earnings Q1 2024
Shares of Walgreens closed 5% lower on Thursday after the company reported fiscal first-quarter adjusted earnings and revenue that topped expectations, but cut its quarterly dividend nearly in half. The…
Peloton partners with TikTok on classes, content
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract…
Red Sea crisis fuels shipping costs, delays, inflation
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in…
GM’s 2023 U.S. vehicle sales were its best since 2019
The 2024 Buick Envista. GM DETROIT — General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019, prior to the effects of the…
What’s ahead for franchises, theaters
Timothee Chalamet stars in Warner Bros.’ “Dune.” Warner Bros. Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they’ll have to do some heavy lifting. The…
Moderna stock jumps after Oppenheimer upgrade on pipeline potential
Artur Widak | Nurphoto | Getty Images Shares of Moderna jumped more than 15% on Tuesday after Oppenheimer upgraded the stock to “outperform,” saying the Covid vaccine maker could market…
Medicare drug price negotiations what’s ahead in 2024
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker…
November pending home sales unchanged, despite lower mortgage rates
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based…
PGA Tour, LIV Golf working to extend merger deadline into 2024
A PGA TOUR logo is seen after play was suspended due to severe storms during the third round of THE PLAYERS Championship held at THE PLAYERS Stadium course at TPC…
Boeing urges inspections of 737 Max planes for ‘possible loose bolt’
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max…
Disney’s Star Wars is 2023’s top film franchise without a new movie
American actors Mark Hamill, Carrie Fisher and Harrison Ford on the set of “Star Wars: A New Hope,” written, directed and produced by Georges Lucas. Sunset Boulevard | Corbis Historical…
SpaceX rockets set new launch record in 2023
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images…
Companies losing pricing power after years of unbridled spending
A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some…
Cheddar News sold by Altice USA to media company Archetype
The Cheddar News logo is seen on a smartphone and PC screen. Sopa Images | Lightrocket | Getty Images Cheddar News owner Altice USA announced Thursday it has sold the…
2024 is shaping up to be the year of the streaming bundle
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images This…
Barbie, Oppenheimer, Taylor Swift: 2023’s most important films
Movie posters for “Barbie” and “Oppenheimer” are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023. Hannah Beier | The Washington Post | Getty Images…
‘The Color Purple’ scores second-best Christmas debut box office ever
Taraji P. Henson stars in Warner Bros. “The Color Purple.” Warner Bros. Discovery It was a very Merry Christmas for Warner Bros. Discovery. With $18.15 million in box office receipts,…
October home prices post biggest gain of 2023
A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of…
13 media executives make 2024 predictions
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York…
Boeing hands over first 787 Dreamliner to China since 2019
The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing on Thursday handed over a 787 Dreamliner directly to a Chinese…
Health sector themes to watch in 2024
An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021. David W. Cerny | Reuters The health-care sector has wiped out much…
Bristol Myers Squibb to buy Karuna Therapeutics
Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47%…
Nike, Foot Locker shares plunge on weak sales outlook
Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike closed down more…
Migration could boost Universal dominance over Disney
Universal and Illuminations latest animated film centers on a family of ducks who decides to leave the safety of a New England pond for an adventurous trip to Jamaica. However,…
Nike (NKE) earnings Q2 2024
A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut…
$100 million New Jersey deli stock fraud case guilty plea
Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once…
Warner Bros., Paramount merger talks may draw out NBCUniversal
Let’s say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you…
Shippers divert $35 billion in cargo from Red Sea
So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in Yemen.…
Media, telecom companies face rough 2024
The Grinch Source: Universal Studios It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is…
How Houthi attacks in Red Sea threaten global supply chain
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019.…
2024 expectations for Wegovy, Ozempic, Zepbound
George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market. The drugs skyrocketed…