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Category Archives: Uncategorized

Judge blocks JetBlue-Spirit merger after DOJ’s antitrust challenge

JetBlue’s proposed $3.8 billion purchase of discounter Spirit would have produced the country’s fifth-largest airline.

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Space investment rebounded in 2023 with heavy sector M&A, report says

Space Capital’s report highlighted 2023 as “a year of consolidation,” with 39 M&A deals.

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Please stop ignoring your flight attendants

One lesson to be learned from recent incidents on Japan Airlines and Alaska Airlines: It’s time to start paying attention to pre-flight safety demonstrations.

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Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee

Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King.

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10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will bring new tests

GM is facing challenges with EV demand and its Cruise autonomous driving unit, but those headwinds may play to Barra’s strengths.

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‘Mean Girls’ is the Queen Bee of the box office, opens to $28 million

Paramount’s “Mean Girls” opened to an estimated $28 million at the domestic box office, on its way to a $32 million take for the holiday […]

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Biotech and pharma companies are betting on a promising class of cancer drugs to drive growth

The JPMorgan Healthcare Conference was likely just the beginning of another year of heightened interest and investments in ADC cancer drugs.

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Goldman Sachs tops revenue estimates on better-than-expected asset management results

Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon’s failed consumer banking efforts.

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The Rubik’s Cube turns 50: How a 3-by-3 grid captured hearts and market share

The cube claims 42% market share in the brain teaser category, and in 2022 brought in $75.3 million in global retail sales.

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Flight cancellations pile up as winter storm, 737 Max 9 grounding disrupt travel

Airlines canceled about 2,000 U.S. flights Friday, as they grapple with winter weather and the grounding of the 737 Max 9. 

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