Southwest Airlines will cut operations in Atlanta by April 2025, reducing weekly flights from 567 to 381 and impacting over 300 employees.
Firm Management
Boeing Faces New Safety Risk Warnings After Installing 271 Potentially Defective Parts in 737
Boeing faces another safety concerns as the NTSB warns that over 40 foreign operators may be using 737 aircraft with potentially faulty rudder components, raising fears of loss of control.
Mastercard Targets Easier Subscription Management With Minna Technologies Acquisition
Mastercard plans to simplify subscription management by acquiring Minna Technologies, aiming to enhance consumer experience.
Chemical Plant Fire in Georgia Shuts Down Local Economy, Forces Thousands to Shelter
A chemical plant fire in Georgia has forced over 90,000 residents and businesses to shelter in place, with the EPA detecting chlorine in the air.
Nestlé UK Cautions on Inflation and Supply Chain Challenges Ahead Despite Record Profit
Nestlé UK saw a 98% rise in pre-tax profit and 7.4% increase in sales in 2023, despite ongoing inflation and supply chain pressures.
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23andMe’s board directors resigned as CEO Anne Wojcicki pushed to take the company private, while concerns remain over its financial struggles, privacy issues, and unresolved lawsuits.
An engine fire on a Cathay Pacific Airbus A350, caused by a damaged fuel hose, forced the airline to ground its fleet for inspections to prevent further incidents.
Boeing faces a major strike, leading to unpaid leaves for thousands of employees to preserve cash during negotiations.
Hershey is entering the wellness market by transforming its candy flavors into protein powders and energy drinks through a new partnership with C4 Energy, aiming to offset a 17% drop in candy sales.
Tupperware Brands filed for Chapter 11 bankruptcy after struggling with declining sales, rising costs, and increasing competition from cheaper, eco-friendly alternatives.
UMG expects strong profit growth through 2028, driven by superfans of artists like Taylor Swift, BTS, and Drake, alongside increased subscription revenues and new partnerships.
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
United Airlines and Starlink have teamed up to offer free, high-speed in-flight internet on over 1,000 aircraft starting in early 2025, enhancing passenger connectivity with features like live TV and streaming services.
In a bid to boost its sales after a major decline in 3 years, McDonald's will be extending its $5 meal deal until December at select US locations.
