JetBlue Makes Offer For Spirit Airlines, Could Spark Bid War
JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines.
Spirit said Tuesda...
CEO Of Rental Giant Hertz Vows To Fix False Theft Reports
NEW YORK (AP) — The new CEO of Hertz says he’s working to fix a glitch in the rental-car giant’s systems that has led to some of its customers being wrongly accused of stealing car...
Amazon Broadband Project Ready To Blast Off
SILVER SPRING, Md. (AP) — Amazon has deals with three rocket companies to help launch communications satellites that the online retail giant says will help provide fast, affordable...
Elon Musk To Join Twitter’s Board
NEW YORK (AP) — Elon Musk is joining Twitter's board of directors a day after disclosing that the Tesla CEO took a 9% stake in the social media platform.
Twitter Inc. said in a ...
Stock Tied To Trump Social Firm Drops On Report Of Turmoil
NEW YORK (AP) — Shares in a company planning to buy Donald Trump's new social media business plunged Monday on a news report that two key staff members left, deepening losses from ...
JPMmorgan’s Dimon Warns Of Myriad Issues For Economy, Bank
NEW YORK (AP) — Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday,
Dimon’s annual l...
Hertz To Buy Up To 65,000 Electric Vehicles From Polestar
Car rental company Hertz is planning to buy up to 65,000 electric vehicles from Swedish premium electric car maker Polestar over the next five years as it looks to boost its electr...
Tesla CEO Elon Musk Takes A 9% Stake In Twitter
Tesla CEO Elon Musk has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, according to a regulatory filing Monday.
Musk's stake in Twitter is consider...
Explainer: Why Bond Yields May Be Warning Of A Recession
NEW YORK (AP) — One of the more reliable warning signals for an economic recession is shining brighter.
The “yield curve” is watched for clues to how the bond market is feeling ...
US Added 431,000 Jobs In March In Sign Of Economic Health
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highe...
Long-Term Mortgage Rates Rise Again; 30-Year Breaches 4.5%
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose again this week as the key 30-year loan rate vaulted over 4.5% and attained its highest level since the end of 2018.
...
Explainer: Why Bond Yields May Be Warning Of A Recession
NEW YORK (AP) — One of the more reliable warning signals for an economic recession is starting to shine.
The “yield curve” is watched for clues to how the bond market is feeling...
Bid For Nielsen TV Ratings Company Almost Doubles To $16B
NEW YORK (AP) — The buyout offer for Nielsen rose to $16 billion Tuesday, about a week after the TV ratings and marketing data company rejected a $9 billion bid.
A group of priv...
UnitedHealth To Buy LHC Group For $5.4 Billion
UnitedHealth Group is spending about $5.4 billion to delve deeper into home health care with the acquisition of LHC Group.
The health care giant said Tuesday that it will pay $1...
Tesla Seeks 2nd Stock Split In Less Than 2 Years
NEW YORK (AP) — Shares of Tesla rose sharply Monday after the electric car maker announced its second stock split in less than two years.
The company said in a regulatory filing...
Frum Company Wins Coinbase Finance Award
For their life coverage concept called DeSure, a group of Lubavitch entrepreneurs won the Financial Inclusion Award from crypto-giant Coinbase. >
As we celebrate the success of...
Trump DC Hotel Gets Ok To Sell To Miami Investment Fund
NEW YORK (AP) — Donald Trump's luxury hotel near the White House, which drew diplomats, lobbyists and plenty of controversy while he was president, received government approval Fri...
Amid Gas Woes, NYC Ride-Hail Drivers Seek Fuel Surcharges
NEW YORK (AP) — With fuel prices approaching $5 a gallon at some New York City gas stations, drivers for Uber and Lyft and the city's taxi fleets are demanding rate surcharges to h...
Ned Johnson, Who Made Fidelity A Fund Titan, Dies At 91
NEW YORK (AP) — Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91.
Johnson's family confirmed Thurs...
Southwest Will Add A Fourth Fare Level To Boost Revenue
DALLAS (AP) — Southwest Airlines will add a fourth fare category as part of changes designed to attract more business travelers and boost revenue.
The new fare level will be pri...