American Airlines raises baggage fees
American Airlines has announced an increase in prices related to checked luggage. The first checked bag is now $40, or $35 if you pay before you get to the airport, while the second bag will cost you $45.
Tesla Cybertruck owners claim the cars are rusting
Some owners of Tesla Cybertrucks are complaining that their stainless steel vehicles are showing signs of discoloration and rust after just a few months.
Apple developing AI tool to rival Microsoft
Apple is nearing the completion of a critical new software tool for app developers that would step up competition with Microsoft. The company has been working on the tool for the last year as part of the next major version of Xcode.
Deere cuts profit outlook for 2024
Deere & Co., famous for the iconic John Deere tractor, trimmed its profit outlook for this year as tumbling crop prices give farmers less money to use on equipment purchases.
Coca-Cola raised prices by 9% in 2023
Coca-Cola raised prices by 9% in the fourth quarter, which helped its full-year outlook beat estimates. Looking ahead, Coca-Cola will release its first new permanent flavor in several years, a raspberry-flavored drink called Coca-Cola Sp...
Behind the business of Super Bowl LVIII ads
Kevin Krim, CEO of EDO, which measures the immediate impact of TV advertising across linear and streaming, gives a detailed read through of the Super Bowl's advertisements and which companies came out ahead this year.
BetMGM bets big on Super Bowl LVIII
Adam Greenblatt, CEO of BetMGM shares the company’s plans for Super Bowl LVIII as the company has invested vast amounts in making the most of the game, especially as the growth of sports betting has opened up their opportunities across t...
Fox, ESPN, Disney join forces for sports streaming service
ESPN, Fox Corp. and Warner Bros. Discovery Inc. are joining forces to launch a sports-focused streaming service that will feature major college and pro games usually seen only on traditional TV.
WeWork founder mulls bid to purchase company
WeWork co-founder Adam Neumann, and other investors including Dan Loeb's Third Point, are exploring an offer to buy WeWork out of bankruptcy, though the deals are in their very earliest stages.
Estée Lauder stock soars on news of 3,000 job cuts
Estée Lauder said it's cutting as many as 3,000 positions, or between 3% and 5% of their total workforce, as part of a restructuring plan to put one of the world's largest beauty companies back on track.
Snap Inc. reduces workforce by 10% amid ad slump
Snap Inc., the company behind Snapchat, is reducing its workforce by roughly 10% worldwide. The cuts are being made to "best position our business to execute on our highest priorities," Snap said in a filing, though analyst say the cuts ...
McDonald's earnings hurt by Middle East boycotts
Sales at McDonald's are slowing down. Earnings missed estimates for the fourth quarter, hurt in part by the war in Israel and widespread boycotts against the restaurant chain in response to their handling of the Israel-Palestine conflict.
Exxon, Chevron stocks rise on solid earnings calls
Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices. Both stocks rose in early trading.
Bank of America reduces CEO pay for second year
Brian Moynihan's total compensation as CEO of Bank of America Corp. declined 3% to $29 million for 2023, a year in which profit fell and the firm's shares performed the worst among its biggest rivals.
Judge voids Elon Musk's $55 billion pay package
Elon Musk's $55 billion pay package at Tesla was struck down by a Delaware judge after a shareholder challenged it as excessive.
FAA approves Boeing Max 9 jets to return to service
The Federal Aviation Administration approved Boeing 787 Max 9 jets to reenter the skies after a series of emergencies, including one Alaska Airlines flight where the door flew off at 16,000 feet.
Israeli war sparks boycotts against U.S. companies
Many shoppers in the Middle East are shunning big foreign brands such as Starbucks, Coke and McDonald's, driven by anger against the US and Europe for not doing more to get Israel to end its offensive in Gaza. Meanwhile, the boycotts are...
Microsoft to cut 1,900 gaming jobs
Microsoft will lay off 1,900 people across its video-game divisions including at Activision Blizzard, which it purchased for $69 billion in an acquisition that closed late last year.
New report blames Boeing for Alaska Air crisis
An apparent whistleblower report calls plane maker Boeing's production system a "rambling, shambling disaster waiting to happen." It claims the company is entirely responsible for this month's mid-air blowout on an Alaska Airlines flight.
FTC probes Big Tech's relationship with AI startups
Alphabet Inc., Amazon.com Inc. and Microsoft Corp. must provide information to the US Federal Trade Commission on their investments and partnerships with artificial intelligence startups Anthropic PBC and OpenAI Inc. as part of an agency...
Boeing faces scrutiny from United, Alaska Airlines
Boeing Co. faces increasing scrutiny from the CEOs of United Airlines Holdings Inc. and Alaska Air Group Inc. following the midair blowout of a panel on one of its 737 Max 9 aircraft earlier this month.
Private equity firms push to cash out investments
Buyout houses from Thoma Bravo to Permira are putting portfolio company sales high on the agenda for early 2024, as the industry seeks to return money to investors after a challenging period for exiting holdings.
FAA adds more Boeing planes to inspection list
The FAA is adding another plane to its inspection list. The agency is recommending airlines "visually inspect mid-exit door plugs to ensure the door is properly secured on Boeing 737-900 ER aircrafts.
Sony halts $10 billion merger with Zee Entertainment
Sony Group Corp. and Zee Entertainment Enterprises Ltd. have officially ended a planned $10 billion media merger in India. Sony sent a termination letter to Zee on Monday for failing to meet merger agreement conditions and is seeking $90...
How Hyderabad has turned into India's Silicon Valley
Many well-educated young Indians are returning to their home country or moving to the cities because they believe in the enormous economic potential of their country. In Hyderabad, a tech hub similar to Silicon Valley is now emerging.
Boeing cargo plane catches fire midair
A Boeing cargo plane operated by Atlas Air caught fire mid-flight, prompting an emergency landing in Miami.Atlas Air Flight 5Y095 experienced an engine malfunction shortly after departing from Miami International Airport on Thursday nigh...
Ford sees dwindling demand for F-150 Lightning
Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken.
Boeing 737 Max 9 jets begin new inspection protocols
Alaska Airlines begins new inspection and quality control procedures for the Boeing 737 Max 9 jets two weeks after a panel flew off one of their planes mid-flight.
JPMorgan raises CEO Jamie Dimon's pay to $36 million
JPMorgan Chase raised CEO Jamie Dimon's pay to $36 million for 2023, a year in which the bank notched the highest profit in the history of American banking.