The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.
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Morgan Stanley tops estimates on strong equities and fixed income trading revenue
While bank stocks have been supported by enthusiasm for rising deal activity, it was actually the trading side that helped Morgan Stanley more in the […]
Continue readingBank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
Continue readingTarget says its holiday sales were better than expected — but its profits weren’t
The big-box retailer’s report indicates that deals and promotional events motivated shoppers.
Continue readingSpirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.
Continue readingFDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea, expanding use in U.S.
The agency’s decision expands the use of Zepbound and could potentially pave the way for Eli Lilly to gain broader insurance coverage for the treatment.
Continue readingParty City to close all of its stores, report says
Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.
Continue readingBanking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that’s still in its early stages, analysts say.
Continue readingWhat a government shutdown could mean for air travel
A government shutdown could mean thousands of air traffic controllers and TSA agents would go without paychecks.
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