Jonathan Wong
The Latest
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Alaska Airlines Completes $1.9 Billion Acquisition of Hawaiian Airlines, Marking the Largest U.S. Airline Merger in Nearly a Decade
Alaska Airlines has officially completed its $1.9 billion acquisition of Hawaiian Airlines, creating the largest airline merger in the U.S. in almost a decade. Alaska Air Group CEO Ben Minicucci announced the completion of the acquisition on Wednesday, hailing it as a "historic day" for the two carriers, which now embark on a path to integration. The merger positions Alaska Airlines as the fifth-largest airline in the country, expanding its reach across the Pacific and consolidating its presence in North America. 
Alaska Airlines has officially completed its $1.9 billion acquisition of Hawaiian Airlines, creating the largest airline merger in the U.S. in almost a decade. Alaska Air Group CEO Ben Minicucci announced the completion of the acquisition on Wednesday, hailing it as a "historic day" for the two carriers, which now embark on a path to integration. The merger positions Alaska Airlines as the fifth-largest airline in the country, expanding its reach across the Pacific and consolidating its presence in North America. -
Tupperware Files for Bankruptcy as Financial Troubles and Outdated Business Model Take Their Toll
Tupperware, once a household name synonymous with food storage, has filed for Chapter 11 bankruptcy after years of financial decline and dwindling market relevance. The company, famous for its plastic containers and direct sales model, announced the filing on Tuesday as it seeks to restructure and explore strategic alternatives to stay afloat in an increasingly competitive marketplace. 
Tupperware, once a household name synonymous with food storage, has filed for Chapter 11 bankruptcy after years of financial decline and dwindling market relevance. The company, famous for its plastic containers and direct sales model, announced the filing on Tuesday as it seeks to restructure and explore strategic alternatives to stay afloat in an increasingly competitive marketplace. -
Apple Eyes JPMorgan Chase for Apple Card Takeover as Goldman Sachs Bows Out: Report
Apple Inc. is in the midst of negotiations with JPMorgan Chase to transition its flagship Apple Card credit program from its current partner, Goldman Sachs, according to sources familiar with the discussions. The talks, which are still in early stages, underscore the significant financial and operational challenges that have beset Goldman Sachs since its involvement with Apple Card, and the potential shifts in the card's structure that could come with a new partnership. 
Apple Inc. is in the midst of negotiations with JPMorgan Chase to transition its flagship Apple Card credit program from its current partner, Goldman Sachs, according to sources familiar with the discussions. The talks, which are still in early stages, underscore the significant financial and operational challenges that have beset Goldman Sachs since its involvement with Apple Card, and the potential shifts in the card's structure that could come with a new partnership. -
Alaska Airlines and Hawaiian Airlines Clear Merger with DOT Approval, Pledge to Maintain Consumer Protections
Alaska Airlines and Hawaiian Airlines have received the green light from the U.S. Department of Transportation (DOT) to proceed with their $1.9 billion merger, following an agreement to preserve essential routes and uphold consumer protections. The deal, which was initially announced in December, marks a significant consolidation in the U.S. airline industry, bringing together the fifth-largest and tenth-largest domestic carriers. Alaska Airlines and Hawaiian Airlines have received the green light from the U.S. Department of Transportation (DOT) to proceed with their $1.9 billion merger, following an agreement to preserve essential routes and uphold consumer protections. The deal, which was initially announced in December, marks a significant consolidation in the U.S. airline industry, bringing together the fifth-largest and tenth-largest domestic carriers. -
Microsoft Boosts Dividend by 11% Amid $60 Billion Share Buyback Program
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. 
Microsoft Corp. announced a significant 11% increase in its quarterly dividend and approved a new $60 billion share buyback program. The tech giant's latest moves underscore its robust financial position, particularly in the face of heightened competition and the ongoing investment in artificial intelligence (AI) infrastructure. -
Rupert Murdoch’s Succession Drama Unfolds in Secret Court Battle Over Control of $15 Billion Media Empire
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. 
A highly anticipated and fiercely contested court battle over the future of Rupert Murdoch's vast media empire began on Monday in a Reno, Nevada courtroom. The legal proceedings, which are taking place behind closed doors, center on the 93-year-old media mogul's attempt to amend the family trust that controls significant stakes in Fox News and the Wall Street Journal's parent company, News Corp. -
Boeing Strike Deepens as Worker Discontent and Management Missteps Collide
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. 
The ongoing strike by over 30,000 Boeing workers on the U.S. West Coast has entered its fourth day, intensifying as both sides prepare for a fresh round of negotiations. This labor dispute, which involves the International Association of Machinists and Aerospace Workers (IAM), has highlighted deep-seated tensions between Boeing's workforce and management, raising significant concerns about the future of the company's production capabilities. -
Oracle Projects $104 Billion Revenue by 2029 Amid AI-Driven Cloud Boom; Shares Surge
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. 
Oracle Corporation is setting ambitious goals for its future, projecting annual revenue to exceed $100 billion by fiscal 2029, driven by the growing demand for its cloud services and the integration of artificial intelligence (AI) into business operations. The company's shares surged more than 6% in premarket trading on Friday following the announcement, reflecting the market's optimism about Oracle's long-term growth prospects. -
Moderna Stock Plummets as Delayed Profitability and R&D Cutbacks Spark Wall Street Downgrades
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. 
Moderna, once a shining star in the pharmaceutical industry for its rapid development of COVID-19 vaccines, is now facing a tough reality. The company's stock took a significant hit following downgrades from major Wall Street firms, triggered by the announcement that it will delay its break-even profitability and scale back its research and development (R&D) investments. -
Waymo and Uber Expand Autonomous Rideshare Partnership to Austin and Atlanta, Targeting Early 2025 Launch
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services. 
Waymo and Uber, once fierce rivals in the autonomous vehicle space, are set to deepen their collaboration by expanding their robotaxi partnership to Austin, Texas, and Atlanta, Georgia, with a launch planned for early 2025. This expansion marks a significant step in the ongoing efforts by both companies to integrate autonomous driving technology into mainstream transportation services.
