The aerospace sector finds itself grappling with significant disruptions, notably through the ongoing strike organized by machinists at Boeing. This labor action has extended into its sixth week, compelling Boeing supplier Spirit AeroSystems to furlough approximately 700 workers. The ripple effects of the strike, which commenced on September 13, have been profound, with more than
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Stellantis, the Anglo-American automotive giant, has decided to close and sell its Arizona vehicle proving grounds by the end of the year. This decision is not just an isolated incident but a part of a broader strategy under CEO Carlos Tavares, who is grappling with mounting pressure from various stakeholders, including Wall Street investors, dealership
In a bold move to strengthen its position in the highly competitive aviation sector, Brazilian aircraft manufacturer Embraer is actively exploring the feasibility of developing an all-new jet. Francisco Gomes Neto, CEO of Embraer, recently shared insights with CNBC regarding the company’s current focus and future aspirations. While the concept of a new airplane could
In a momentous development for aficionados of horology, Patek Philippe, the venerable Swiss watchmaker, unveiled its highly anticipated Cubitus collection, marking the brand’s first new collection in 25 years. This announcement comes at a time of significant adaptation within the luxury watch market, where prices have stabilized after fluctuations during the Covid-19 pandemic. Collectors and
The iconic coffee chain Starbucks is witnessing a significant transformation within its executive ranks as it appoints Tressie Lieberman as its new Global Chief Brand Officer. This newly established position under the leadership of Brian Niccol, who recently transitioned from Chipotle to Starbucks, highlights a strategic response to the company’s declining sales in the U.S.
On Friday, Spirit Airlines announced a last-minute agreement with its credit card processor, allowing for an extension of its debt refinancing timeline until December. This development came just hours before the original deadline was set to expire. In a filing made late Friday, the airline disclosed that it had fully drawn down its $300 million
Respiratory Syncytial Virus (RSV) represents a significant health concern, primarily for vulnerable populations like infants and older adults. This common virus is notorious for leading to serious respiratory illnesses, including pneumonia, and is a major cause of hospitalization, particularly among newborns. Each year, RSV is responsible for thousands of hospitalizations and, tragically, several deaths. The
In an era marked by rapid shifts within the sports broadcasting landscape, Diamond Sports, the operator behind regional sports networks, is taking significant steps toward financial revival. The impending rebranding of the Bally Sports channels in collaboration with FanDuel exemplifies the dynamic nature of sports media and its integration with the burgeoning world of sports
The excitement of Major League Baseball’s (MLB) postseason is palpable this year, marked by record-breaking viewership and an enthusiastic fan base. As sports networks compete for viewer attention, MLB has stepped into the spotlight, proving that America’s pastime still holds a significant place in the hearts of baseball fans across the nation. Recent changes in
On a pivotal day for United Airlines, the company announced an ambitious $1.5 billion share buyback initiative alongside the release of robust earnings figures for the summer travel season. This announcement comes in the wake of strong demand for air travel, which exceeded industry expectations. Forecasting an adjusted earnings per share (EPS) of $2.50 to