Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
-
JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
-
UAW Announces Major Milestone in Organizing Drive at Volkswagen's Chattanooga Plant
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). -
United Airlines CEO Addresses Safety Concerns Amid Series of Incidents Involving Boeing Jets
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." -
U.S. Steel Sale to Nippon Steel Faces Antitrust Scrutiny and Political Opposition
The proposed $14.1 billion sale of U.S. Steel to its Japanese rival Nippon Steel has encountered a new hurdle as the Justice Department scrutinizes the deal over potential antitrust concerns. -
Uber and Lyft Threaten Minneapolis Departure in Minimum Wage Law Standoff
Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership. -
Reddit Discloses FTC Investigation into AI Data Deals Ahead of Anticipated IPO
Reddit, the popular social media platform, disclosed on Friday that it had received a letter from the Federal Trade Commission (FTC) regarding a non-public inquiry into the company's data-licensing practices related to the training of artificial intelligence systems.
-
United Airlines Boeing 737 Loses External Panel Mid-Flight, Lands Safely in Medford, Oregon
A United Airlines Boeing 737-800 lost an external panel mid-flight on Friday, the latest in a series of incidents involving Boeing aircraft. The plane, carrying 139 passengers and 6 crew members, landed safely at its intended destination, Rogue Valley International-Medford Airport, about 70 minutes after departing from San Francisco International Airport. -
Hertz Announces CEO Transition in Bid to Revitalize After EV Setback
Hertz Global Holdings Inc. is set to welcome a new chief executive officer as the car rental giant seeks to navigate a challenging period marked by a recalibration of its electric vehicle (EV) strategy. -
Walmart Breaks New Ground with Direct Sales of Apple's M1 MacBook Air
Walmart has announced a groundbreaking partnership with Apple, marking the first time the retail giant will sell Apple MacBooks directly to consumers. This collaboration debuts with an enticing offer on the 2020 M1 MacBook Air, now available for an unprecedented $699 on Walmart's online platform and soon to hit the shelves of select physical stores. -
McDonald's Faces Worldwide Store Closures and Order Disruptions Due to IT Outage
McDonald's, the global fast-food giant, experienced a significant system failure that led to the closure of stores and disruption of online and app orders worldwide. The IT outage, which impacted outlets in countries including the United States, Australia, Japan, Hong Kong, and the United Kingdom, sent ripples of inconvenience across the McDonald's customer base and raised questions about the resilience of the company's technological infrastructure. -
Dollar Tree Announces Store Closures and Downbeat Financial Results
Dollar Tree, the Virginia-based discount retailer, has unveiled plans to significantly downsize its operations by closing nearly 1,000 of its Family Dollar stores.