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Tag: Breaking News: Business

JetBlue launches hostile takeover bid for Spirit Airlines

JetBlue launches hostile takeover bid for Spirit Airlines

Posted on May 16, 2022 by mangakiko

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways on Monday commenced a hostile all-cash takeover bid for Spirit Airlines, days after the…

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US pilot shortage forces airlines to cut flights, scramble for solutions

US pilot shortage forces airlines to cut flights, scramble for solutions

Posted on May 15, 2022 by mangakiko

Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis…

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Upstart shares plummet 56% after company cuts full-year revenue forecast

Upstart shares plummet 56% after company cuts full-year revenue forecast

Posted on May 14, 2022 by mangakiko

In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Light Rocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter…

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US to boost baby formula imports to ease shortage after Abbott Nutrition recall

US to boost baby formula imports to ease shortage after Abbott Nutrition recall

Posted on May 12, 2022 by mangakiko

Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olsen | Getty Images The US will increase baby formula imports as part of an effort to ease a nationwide shortage, senior Biden administration officials said on Thursday. The scarcity of formula was triggered in part…

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