Jonathan Wong
The Latest
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Cyberattack Delays Over 20 Japan Airlines Flights Amid Year-End Holiday Travel
Japan Airlines (JAL), one of the country's largest air carriers, was targeted in a cyberattack on December 26, causing delays to more than 20 domestic flights during one of the busiest travel periods of the year. The incident disrupted operations for several hours but did not compromise flight safety, the airline confirmed. 
Japan Airlines (JAL), one of the country's largest air carriers, was targeted in a cyberattack on December 26, causing delays to more than 20 domestic flights during one of the busiest travel periods of the year. The incident disrupted operations for several hours but did not compromise flight safety, the airline confirmed. -
Technical Glitch Briefly Halts American Airlines Flights Nationwide
A "technical issue" caused a brief nationwide ground stop for American Airlines flights Tuesday morning, disrupting travel on one of the busiest travel days of the year. The Federal Aviation Administration (FAA) issued the ground stop at the airline's request. 
A "technical issue" caused a brief nationwide ground stop for American Airlines flights Tuesday morning, disrupting travel on one of the busiest travel days of the year. The Federal Aviation Administration (FAA) issued the ground stop at the airline's request. -
Starbucks Workers Expand Strike to Nine States
Starbucks employees have escalated their strike to nine states, marking a significant labor action during the busy holiday season. The strike, organized by Starbucks Workers United, involves thousands of baristas seeking improved wages, staffing, and scheduling arrangements. Initially impacting stores in Los Angeles, Chicago, and Seattle, the walkouts have now expanded to locations in New York, Pennsylvania, Missouri, and New Jersey, with more cities expected to join by Christmas Eve. 
Starbucks employees have escalated their strike to nine states, marking a significant labor action during the busy holiday season. The strike, organized by Starbucks Workers United, involves thousands of baristas seeking improved wages, staffing, and scheduling arrangements. Initially impacting stores in Los Angeles, Chicago, and Seattle, the walkouts have now expanded to locations in New York, Pennsylvania, Missouri, and New Jersey, with more cities expected to join by Christmas Eve. -
The Container Store Files for Bankruptcy, Citing $230 Million Debt Amid Retail Turmoil
The Container Store, a prominent name in home organization and storage solutions, has filed for Chapter 11 bankruptcy protection, joining a growing list of retailers grappling with shifting consumer habits and a challenging economic climate. The announcement, made late Sunday, highlights the intensifying pressures on companies reliant on discretionary spending as customers tighten their budgets. 
The Container Store, a prominent name in home organization and storage solutions, has filed for Chapter 11 bankruptcy protection, joining a growing list of retailers grappling with shifting consumer habits and a challenging economic climate. The announcement, made late Sunday, highlights the intensifying pressures on companies reliant on discretionary spending as customers tighten their budgets. -
Nissan and Honda Merge Forces to Create World’s Third-Largest Automaker
Nissan and Honda, two of Japan's largest automakers, have officially entered discussions to merge, a move that could reshape the global automotive landscape. If finalized, the deal would establish the world's third-largest automaker by sales, trailing only Toyota and Volkswagen. The merger, announced Monday, aims to bolster the companies' ability to compete amid rising pressure from the electric vehicle (EV) revolution and intensifying competition from Chinese automakers. 
Nissan and Honda, two of Japan's largest automakers, have officially entered discussions to merge, a move that could reshape the global automotive landscape. If finalized, the deal would establish the world's third-largest automaker by sales, trailing only Toyota and Volkswagen. The merger, announced Monday, aims to bolster the companies' ability to compete amid rising pressure from the electric vehicle (EV) revolution and intensifying competition from Chinese automakers. -
Big Lots Announces Complete Shutdown, Begins Going-Out-of-Business Sales Amid Bankruptcy
Big Lots, the once-prominent discount retailer, has announced plans to close all of its remaining stores following months of financial struggles and an unsuccessful bid to secure a buyer. The company, which filed for Chapter 11 bankruptcy in September, will commence going-out-of-business (GOB) sales in the coming days, according to a press release issued Thursday. This marks the end of a 57-year history for the Columbus, Ohio-based chain. 
Big Lots, the once-prominent discount retailer, has announced plans to close all of its remaining stores following months of financial struggles and an unsuccessful bid to secure a buyer. The company, which filed for Chapter 11 bankruptcy in September, will commence going-out-of-business (GOB) sales in the coming days, according to a press release issued Thursday. This marks the end of a 57-year history for the Columbus, Ohio-based chain. -
Novo Nordisk Shares Drop Sharply Following Disappointing CagriSema Trial Results
Shares of Novo Nordisk plunged by as much as 24% on Friday, marking a significant setback for the Danish pharmaceutical giant after its late-stage trial results for the experimental weight-loss drug CagriSema fell short of expectations. By mid-afternoon in London, the stock had pared losses but was still down over 20%. Meanwhile, shares of rival Eli Lilly rose nearly 6% in U.S. pre-market trading, benefiting from Novo's stumble. 
Shares of Novo Nordisk plunged by as much as 24% on Friday, marking a significant setback for the Danish pharmaceutical giant after its late-stage trial results for the experimental weight-loss drug CagriSema fell short of expectations. By mid-afternoon in London, the stock had pared losses but was still down over 20%. Meanwhile, shares of rival Eli Lilly rose nearly 6% in U.S. pre-market trading, benefiting from Novo's stumble. -
Intel Reportedly Shortlists Bidders for Altera Chip Division
Intel Corp. has shortlisted a group of private equity firms and corporate suitors for the next phase of bidding for its Altera division, according to sources familiar with the process. This move is part of Intel's broader efforts to streamline operations and optimize its business portfolio. Altera specializes in low-power programmable chips and has become a focal point in Intel's divestiture plans. 
Intel Corp. has shortlisted a group of private equity firms and corporate suitors for the next phase of bidding for its Altera division, according to sources familiar with the process. This move is part of Intel's broader efforts to streamline operations and optimize its business portfolio. Altera specializes in low-power programmable chips and has become a focal point in Intel's divestiture plans. -
Apple Resists EU Push for Open Ecosystem
The European Union is intensifying its scrutiny of Apple, proposing measures aimed at enhancing interoperability between the tech giant's iOS and iPadOS operating systems and third-party devices. These measures, part of the Digital Markets Act (DMA) enforcement, have ignited a heated debate between Apple, the EU, and other major tech players like Meta Platforms over privacy and competition. 
The European Union is intensifying its scrutiny of Apple, proposing measures aimed at enhancing interoperability between the tech giant's iOS and iPadOS operating systems and third-party devices. These measures, part of the Digital Markets Act (DMA) enforcement, have ignited a heated debate between Apple, the EU, and other major tech players like Meta Platforms over privacy and competition. -
Teamsters Strike Amazon Facilities Nationwide, Demanding Labor Contract Amid Holiday Season
In a bold escalation of union activity, members of the International Brotherhood of Teamsters staged strikes at multiple Amazon facilities across the United States on Thursday. The labor action, timed during the busy holiday shopping season, underscores growing tensions between the e-commerce giant and its workforce over union recognition, pay, and working conditions. 
In a bold escalation of union activity, members of the International Brotherhood of Teamsters staged strikes at multiple Amazon facilities across the United States on Thursday. The labor action, timed during the busy holiday shopping season, underscores growing tensions between the e-commerce giant and its workforce over union recognition, pay, and working conditions.
