Spirit Airlines To Furlough Hundreds Of Pilots To Cut Costs
Spirit Airlines will furlough about 330 pilots and 120 captains will be downgraded to first officers.
Siemens To Buy Altair For $10.6B To Boost Industrial Software Portfolio
Siemens will be acquiring Altair for $10.6 billion in a move to strengthen its presence in the industrial software market.
Trump Warns EU Will Pay A 'Big Price' For Not Buying American Cars
Donald Trump, during a Pennsylvania rally, warned about the EU paying big for not buying from America.
Boeing And Union Hold 'Productive' Meeting Amid Ongoing Strike
The International Association of Machinists and Aerospace Workers Local 751 said that with the assistance of Acting U.S. Labor Secretary Julie Su, the union's bargaining committee "had a productive face-to-face meeting with the company to address key bargaining issues.
Tupperware Gets Court Approval For Sale To Lenders
Tupperware's proposal of selling its assets to lenders has received court approval.
Jeff Bezos Defends Washington Post's Decision Of Non-Endorsement Of Presidential Candidates
Jeff Bezos defends the decision of Washington Post not to endorse any political candidate.
Walmart Cuts Walmart Plus Membership Price In Half Ahead Of Holidays
Walmart is dropping the price to $49 a year.
Southwest Airlines Faces Lawsuit From Pilot Union After Federal Court Ruling
In the Monday ruling, the US Court of Appeals for the Fifth Circuit overturned a previous decision by a lower court that had dismissed Southwest Airlines Pilots Association's case.
Elon Musk Claims $2 Trillion In Budget Savings At Trump Rally
Elon Musk claimed during a Trump rally in New York that he could save the government $2 trillion in tax spending.
Indonesia Blocks Sale Of iPhone 16 For Failing To Meet Investment Requirements
Indonesia has blocked the sale of iPhone 16 in the country following issues on investments.
Volkswagen Mulls Cut In Wages, Bonuses To Save 4 Billion Euros: Report
The carmaker faces mounting pressure to reduce expenses amid a challenging economic climate. Workers have slammed the management for allegedly failing to provide a clear future strategy.
Microsoft CEO Satya Nadella's 2024 Pay Reaches $79M, Up 63% YOY
The increase is worth more than $30 million, marking a significant increase to $79.1 million from $48.5 million in the year before, as per a proxy filing.
Apple's Q3 Smartphone Sales In China Takes A Hit While Huawei's Soar
The third-quarter sales of Apple in China has declined, while that of Huawei has soared.
US Transportation Department Fines American Airlines $50M For Violating Disability Laws
The U.S. Department of Transportation fined American Airlines with $50 million for allegedly violating disability laws.
Elliott, Southwest Airlines Close To Reaching Settlement To Avert Board Battle: Report
The parties are currently negotiating terms that would provide Elliott with a number of board seats, though less than the majority, to ensure that control remains with the airline, according to a report.
Amazon To Stop Same-Day Delivery From Brick-And-Mortar Retailers: Report
Amazon has stopped new development for its Amazon Today service and will reportedly shut it down.
Trump Says He Plans To Only Allow Car Loan Interest Deduction For US-Made Vehicles
The former president says if his plan was not limited to U.S.-made cars, it could advantage countries like China, allowing them 'to make more cars.'
Walmart Offers Prescription Delivery To Customers Amid Walgreens And CVS Store Closures
The new delivery offering is live in Arkansas, Missouri, New York, Nevada, South Carolina, and Wisconsin. Walmart said its pharmacy delivery is expected to be available in 49 states by the end of January 2025, reaching tens of millions of customers.
Four Fed Policymakers Back Further Rate Cuts But Differ In Pacing
Four Fed policymakers support rate cuts but differ on the pace that it would be implemented.
Microsoft To Allow Businesses To Make AI Agents, Competing With Salesforce
Microsoft will be allowing enterprises to make their own AI agents within Copilot Studio.
Qualcomm Brings Laptop Chip Technology To Mobile Devices For GenAI Tasks
At Snapdragon Summit, the world's biggest seller of mobile phone chips unveiled the Snapdragon 8 Elite, positioning it as "the most powerful and world's fastest mobile system-on-a-chip ever."
IBM Releases New Granite 3.0 AI Models For Enterprise
IBM has just released new AI models for businesses.
Perplexity AI In Funding Talks, Targeting Valuation Up To $8 Billion: Report
Perplexity AI is now in talks to raise funds that could reach a valuation of up to $8 billion.
Registered Voters Split Between Trump And Harris On Handling Economic Issues
Registered voters are divided on who between Trump and Harris could handle the economy better.
Stellantis Must Honor Investment Commitments: White House
Stellantis should make good with its investment commitments to the union, according to the White House.
Boeing Eyes $15 Billion Financing To Cushion Ongoing Crises
While the proposed $15 billion in financing may not fully address the company's current challenges, Boeing is also reportedly exploring a structured finance transaction that could generate around $5 billion, possibly through securitizing a portion of a subsidiary's revenues.
GM, Foxconn To Move Production To Mexico
The companies will reportedly swap out imports for local production.
Coca-Cola 'Zero-Sugar' Lemonade Found To Contain Full Sugar
The FDA's recall notice cited that the cans of regular Minute Maid Lemonade were incorrectly packed into cartons labeled Minute Maid Zero Sugar Lemonade.
Elon Musk Has Poured $75 Million Into His Pro-Trump Super PAC
In July, Musk poured in $14.95 million to the super PAC. In August, he added $30 million and another $30 million in September.
Paramount Co-CEOs To Receive Bonus Payouts Even If They No Longer Lead Company
An SEC filing revealed that the three co-CEOs -- Chris McCarthy, George Cheeks, and Brian Robbins -- will be able to resign and receive severance payments if their new responsibilities are "substantially inconsistent" with their roles as co-CEO's or if there is a material reduction in the positions or duties.