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.
Continue readingPlease 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.
Continue readingBurger 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.
Continue reading10 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.
Continue reading‘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 […]
Continue readingBiotech 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.
Continue readingGoldman 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.
Continue readingThe 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.
Continue readingFlight 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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