American Airlines, Spirit cut summer profit forecast on costs
American Airlines, Spirit cut summer profit forecast on costs
and on Wednesday joined other carriers in that higher costs will hit profits during the bustling summer quarter. American said it expects adjusted earnings per share to come in between 20 cents and 30 cents in the third quarter, down from a...
2023-09-14 10:19:29
SpaceX no longer taking losses to produce Starlink satellite antennas
SpaceX no longer taking losses to produce Starlink satellite antennas
PARIS — SpaceX is no longer absorbing the cost of the Starlink antennas it sells with its satellite internet service, a company executive said Wednesday, a key step to the company improving its profitability. "We were subsidizing terminal...
2023-09-14 10:19:24
Major League Pickleball, PPA merger back on
Major League Pickleball, PPA merger back on
After weeks of drama in professional pickleball, the PPA Tour and Major League Pickleball have again agreed to merge, the leagues said Wednesday. The combination is backed by a $50 million investment led by private equity firm SC Holdings,...
2023-09-14 10:19:18
Citigroup CEO Jane Fraser reorganizes business
Citigroup CEO Jane Fraser reorganizes business
In this article CEO announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser said in a that Citigroup would be divided into five main business lines that report direct...
2023-09-14 10:19:12
<b>Detroit Auto Show NAIAS 2023 reveals from F GM STLA</b>
Detroit Auto Show NAIAS 2023 reveals from F GM STLA
The new Acadia will be powered exclusively by a new 2.5-liter turbocharged four-cylinder engine that delivers 328 horsepower and 326 foot-pounds of torque – more than the outgoing model. Inside, there's a standard 15-inch center control t...
2023-09-14 10:19:06
Marvel VFX artists unanimously vote to unionize
Marvel VFX artists unanimously vote to unionize
Hollywood, already gripped by two strikes, has some new union members. Marvel Studios' visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage Employees, Wednesday. This marks the...
2023-09-14 10:19:00
UAW strikes against Detroit carmakers will happen without contracts
UAW strikes against Detroit carmakers will happen without contracts
Fain said Wednesday the union continues to seek double-digit wage increases. The UAW most recently sought 36% hikes – down from initial demands of 40%. The union's raise proposals to the automakers have not fallen below 30%, he said. Key...
2023-09-14 10:18:55
<b>New Covid booster shots from Pfizer and Moderna: What you need to know</b>
New Covid booster shots from Pfizer and Moderna: What you need to know
A new round of is finally here in the U.S. The Centers for Disease Control and Prevention from and for all Americans six months and up on Tuesday, following from the Food and Drug Administration on Monday. Those are designed to target a rel...
2023-09-14 10:18:49
Former Starbucks CEO Howard Schultz steps down from board
Former Starbucks CEO Howard Schultz steps down from board
Former CEO Howard Schultz is stepping down from the coffee chain's board, the Wednesday. "I look forward to supporting this next generation of leaders to steward Starbucks into the future as a customer, supporter and advocate in my role as...
2023-09-14 10:18:43
Delta makes it harder to get into airport lounges
Delta makes it harder to get into airport lounges
is changing how customers can earn elite frequent flyer status and is making it harder for many cardholders to get into the carrier's airport lounges, the latest reality check for air travel's era of . Starting Jan. 1, customers will earn D...
2023-09-14 10:18:38
<b>UAW auto strike negotiations: Where things stand</b>
UAW auto strike negotiations: Where things stand
DETROIT — The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday night. The outspo...
2023-09-14 10:18:32
U.S. Export Import Bank working through $5 billion space pipeline
U.S. Export Import Bank working through $5 billion space pipeline
PARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter capital market. The Export-Import Bank of the United St...
2023-09-13 13:48:01
RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%
RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%
said Monday that an engine manufacturing in its Pratt Whitney unit that is forcing accelerated inspections will hit its pretax results this quarter by $3 billion, and that hundreds of aircraft engines will need to be removed for inspections...
2023-09-13 13:47:55
Telesat buys SpaceX launches for Lightspeed internet satellites
Telesat buys SpaceX launches for Lightspeed internet satellites
PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. SpaceX signed a hefty deal with satellite operator , the companies announced Monday. The agreement covers 14 launches of the Cana...
2023-09-13 13:47:50
<b>Disney, Charter end blackout ahead of Monday Night Football</b>
Disney, Charter end blackout ahead of Monday Night Football
In this article The between cable giant and is over. Hours ahead of "Monday Night Football," which airs on Disney's ESPN, the companies reached a deal that would allow millions of Charter cable customers to watch the game. The deal will see...
2023-09-13 13:47:44