Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla on Monday urged a judge not to award billions of dollars in shares to the lawyers who successfully challenged Elon Musk’s record pay package, painting them as freeriding opportunists attempting to cash in on…
Fierce competition in the airline industry this year has resulted in several carriers, both large and small, filing bankruptcy and sometimes permanently shutting down their businesses. To kick off the year, Brazil\’s GOL airlines in January filed for Chapter 11 bankruptcy to reorganize in New York, asserting it was not generating enough cash to make…
In case you haven\’t noticed, going out for a shopping trip looks a little different nowadays than it has in years past. Covid largely changed the retail landscape in the United States as we know it. Related: Former Home Depot CEO sounds the alarm on \’silent killer\’ For one, the pandemic forced a lot more…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Tesla and BYD sales numbers are released at the end of each quarter, investor focus has inevitably been on which maker has topped the list for deliveries of electric vehicles to customers. It is…
United Airlines Holdings Inc. says another of its Boeing Co. aircraft lost a main landing gear wheel while taking off Monday, a near repeat of an incident in March that helped trigger a federal safety review of the carrier. No one was injured on United Flight 1001, a United spokesman said in an email. The Boeing 757-200…
Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots to 36,729 lots in the week ended July 2, according to the Commodity Futures Trading Commission. That’s…
Southwest Airlines Co. appointed aviation industry veteran Rakesh Gangwal to its board, an effort to fortify the carrier’s leadership amid demands for sweeping change from activist investor Elliott Investment Management. The addition of Gangwal, the billionaire co-founder of InterGlobe Aviation, which controls Indian budget carrier IndiGo, is the second defensive step taken by Southwest in…
Boeing Co. is discussing a potential path forward with the US Defense Department to preserve its government contract business after the company agreed to plead guilty to a criminal charge tied to two fatal crashes of its 737 Max jet, according to a person familiar with the discussions. A Pentagon spokesperson separately said on Monday…
So, is it the Next Big Thing, or what? It\’s hard to read any kind of business story without coming across a reference to artificial intelligence and how companies are all looking to get their hands on it ASAP. Related: Analyst revisits Nvidia stock price target after Blackwell checks Early this year the consulting and…
The tiny, translucent disks are increasingly adorning the faces of Gen Z and millennials when a pimple appears, and over 1 billion of the brand’s signature hydrocolloid patches have sold thus far. Manufacturer Hero Cosmetics also recently netted a partnership with content creator Alix Earle. Founder and CEO Ju Rhyu told Fortune she came up…
