Tag: business news

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity

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[ad_1] A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity. “Of course, these steps aren’t ones we want to take but they’re necessary to ensure a strong and profitable future for Spirit,” CEO Ted Christie said in a note to staff Monday. Spirit said it will defer all…

Boeing engine part fell off during Southwest flight takeoff, FAA says

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[ad_1] A Southwest Airlines Boeing 737 MAX 8 arrives at Daniel K. Inouye International Airport on January 20, 2024 in Honolulu, Hawaii.  Kevin Carter | Getty Images A Southwest Airlines flight returned to Denver International Airport Sunday morning after a Boeing engine cowling fell off the plane and struck a wing flap during takeoff, the Federal Aviation Administration said. The Boeing 737-800 plane was on its way to Houston’s William P. Hobby Airport. Southwest said customers on the flight transferred to a different aircraft and were scheduled to arrive at…

White House says Israeli troop reduction does not signal new strategy: 'They're tired'

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[ad_1] U.S. national security spokesperson John Kirby speaks during a press briefing at the White House in Washington, U.S., March 25, 2024.  Elizabeth Frantz | Reuters National Security Spokesman John Kirby on Sunday said that Israel’s decision to pull some troops out of Southern Gaza does not appear to indicate a shift in military strategy. “As we understand it, and through their public announcements, it is really just about rest and refit for these troops that have been on the ground for four months, and not necessarily — that we can…

$1.3 billion Powerball jackpot drawing delayed over ticket verification issue

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[ad_1] The highly anticipated $1.3 billion Powerball jackpot drawing, originally scheduled for 10:59 p.m. ET on April 6, was delayed over what the Multi-State Lottery Association said was one lottery’s need for additional time to complete security procedures. Jay L. Clendenin | Los Angeles Times | Getty Images Saturday’s highly anticipated $1.3 billion Powerball jackpot drawing was delayed over what the Multi-State Lottery Association said was one lottery’s need for additional time to complete security procedures. The drawing was originally scheduled for 10:59 p.m. ET. Powerball rules require that every…

Trump says going to jail for gag order violation would be a 'great honor,’ compares himself to Mandela

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[ad_1] Former U.S. President Donald Trump speaks at a campaign event on April 02, 2024 in Grand Rapids, Michigan. Spencer Platt | Getty Images Donald Trump on Saturday said he welcomed the prospect of going to jail for violating a gag order in his upcoming New York hush money trial. “I will gladly become a Modern Day Nelson Mandela — It will be my GREAT HONOR,” the former president wrote in a lengthy Truth Social post attacking New York State Supreme Court Judge Juan Merchan, who is presiding over Trump’s case. It…

Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up

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[ad_1] As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival Coca-Cola takes the second and third slots with Powerade, a perennial No. 2 choice to Gatorade, and Bodyarmor, a newer addition to its portfolio. But combined, Coke’s two brands account for only about a…

Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge

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[ad_1] Zoom In IconArrows pointing outwards David Dwayne Cassady, inmate in Georgia. Courtesy: Georgia Department of Corrections A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors allege. The accused bomb maker, 55-year-old David Cassady, allegedly put the two explosive devices into the mail at his prison in Tattnall County on Jan. 24, 2020, according to an indictment issued by a…

Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis

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[ad_1] Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on Jan. 24, 2024. Jim Watson | AFP | Getty Images Outgoing Boeing CEO Dave Calhoun’s take-home pay fell to $5 million last year after declining a bonus, compared with $7 million in 2022, and his latest compensation package is taking a hit from the prolonged safety crisis surrounding the company’s best-selling jetliner, the 737 Max. Calhoun’s total compensation last year rose 45% to $32.8 million, up from $22.6…

Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'

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Fed’s Kashkari, the Minneapolis Federal Reserve President, recently suggested the possibility of zero rate cuts this year if inflation remains steady. Despite this, Goldman Sachs’ Chief Economist Jan Hatzius maintains his expectation of three interest rate cuts in 2024. Market watchers await Friday’s U.S. jobs data for additional insights into inflation and the labor market. [ad_1] Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three…

Apple lays off over 600 California employees after shuttering car project

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Apple lays off of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation of a self-driving car project, reflecting shifts in the tech giant’s strategic focus. of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation…