The US Department of Transportation (DOT) has imposed a $140 million civil penalty against Southwest Airlines for numerous violations of consumer protection laws during the December 2022 holiday meltdown.
Industry
Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
Russia's Vladimir Putin Orders Seizure of Energy Assets From ‘Unfriendly’ European Countries
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.
Warner Bros. Discovery, Paramount Are in Early Talks to Merge: Report
Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger. Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger.
Shipping Giants Maersk, Hapag-Lloyd Begin Rerouting Ships to Avoid Red Sea as Houthi Attacks Increase
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope route in South Africa.
Latest News
Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.
The musical extravaganza "Wonka" featuring Timothee Chalamet struck a triumphant high note at the box office, debuting with $39 million in box office sales in the United States and Canadian theaters over the weekend.
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
Chuck E. Cheese, the popular US restaurant chain that came out from bankruptcy three years ago, is reportedly considering a sale amid acquisition interest.
Canadian musician Grimes has partnered with toy company Curio to launch an AI-powered toy named "Grok."
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
The iconic "Steamboat Willie" version of Mickey Mouse is poised to enter the public domain in 2024, marking the end of a 95-year copyright period for Disney.
LinkedIn has opted not to proceed with its plan to relocate its data center technology to Microsoft's Azure cloud.
