Boeing faces a major strike, leading to unpaid leaves for thousands of employees to preserve cash during negotiations.
Firm Management
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.
Cathay Pacific Takes Firm Stand on Passenger Conduct and Bans Couple Involved in Inflight Harassment
Cathay Pacific permanently banned a Chinese couple from flying after a viral video showed them harassing a fellow passenger over a reclined seat during a 17-hour flight.
Abortion Assistance Groups Struggle to Meet Demand as Travel Expenses Soar
Abortion organizations are cutting aid due to declining donations and rising travel costs, leaving many women unable to afford necessary procedures and travel expenses.
Southwest Airlines to Reduce Atlanta Flights and Slash 300 Jobs to Revive Financial Health
Southwest Airlines will cut operations in Atlanta by April 2025, reducing weekly flights from 567 to 381 and impacting over 300 employees.
Latest News
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.
Ireland is set to receive a €13 billion ($14 billion) tax payment from Apple after an EU court ruling, despite Apple's objections and Ireland's reluctance to collect the back taxes.
AstraZeneca’s shares fell over 5% following disappointing results from its TROPION-Lung01 Phase III trial, which showed its experimental lung cancer drug did not improve survival rates.
Boeing's shares rose 3% in premarket trading after a tentative labor agreement with a Pacific Northwest union, which includes a 25% wage increase and a commitment to build future aircraft in Seattle, potentially averting a major strike.
