The ongoing contract negotiations between American Airlines and the Association of Professional Flight Attendants have hit a roadblock, with the rejection of a company proposal to immediately raise pay by 17%. This move by the union has brought the prospect of a strike closer, as the two parties continue to differ on major issues, such
Business
Lululemon, a popular athletic apparel retailer, recently reported flat comparable sales in the Americas, its largest market. Despite beating Wall Street’s earnings estimates, the company only narrowly topped revenue expectations. The company’s full fiscal year guidance suggests that it is optimistic about conditions improving in the back half of the year. In the first fiscal
Boeing CEO Dave Calhoun is scheduled to testify before a Senate panel on June 18 in response to whistleblower allegations and concerns surrounding quality control at the company. This comes as Boeing continues to grapple with a safety crisis following the tragic crashes of its 737 Max planes in 2018 and 2019. Senator Richard Blumenthal
Paramount Global’s current leadership team recently presented a go-forward plan at the company’s annual shareholder meeting, outlining strategic priorities in case a sale of the company does not materialize. The presentation, led by CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures CEO Brian Robbins, focused on key initiatives such as
After weeks of discussions and negotiations, Paramount and Skydance have finally agreed to terms of a merger. This deal, reported by CNBC’s David Faber, could potentially be announced in the coming days pending signoff from Paramount’s controlling shareholder, Shari Redstone. The agreement involves a consortium led by David Ellison’s Skydance, supported by private equity firms
Moderna and Merck have recently unveiled positive three-year data on their experimental vaccine, used in combination with the therapy Keytruda, for patients with the deadliest form of skin cancer. The presentation of the data at the American Society of Clinical Oncology annual meeting in Chicago has shed light on the significant improvements in survival rates
The inception of Yotta in 2019 was motivated by a noble cause: providing Americans with a novel way to save money and be better prepared for life’s uncertainties. However, this vision took a sharp turn when a dispute between Synapse and Evolve Bank led to the freezing of accounts for numerous customers, including those of
The Food and Drug Administration recently approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults ages 60 and above. This marks a significant milestone for Moderna as it seeks to diversify its product portfolio beyond its Covid jab. The approval is based on a late-stage trial that demonstrated the vaccine’s efficacy in older adults,
Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration to present a quality improvement plan highlighting enhanced staff training and production practices. This meeting comes in the wake of a serious incident involving a blown-out airplane door panel on a new 737 Max 9. The FAA had previously given Boeing 90
Dick’s Sporting Goods recently reported a strong first fiscal quarter, much to the surprise of Wall Street analysts. The big-box sports retailer saw a significant increase in comparable sales, surpassing expectations and demonstrating robust customer demand. The company’s earnings per share and revenue numbers also exceeded forecasts, leading to a positive outlook for the rest