Deira Trading Company

Southwest Airlines closing 2 crew bases in cost-cutting push

A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Southwest Airlines is closing two flight attendant bases amid its cost-cutting push that has also led to its first mass layoffs in its more than 50 years of flying. The airline […]

U.S. Olympic committee announces $100 million grant to fund athletes

USA’s delegation sail in a boat along the river Seine during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024. Zhao Dingzhe | Afp | Getty Images The United States Olympic and Paralympic Committee on Wednesday announced a $100 million grant to provide long-term financial support for future Olympic […]

David’s Bridal taps new CEO, plans to build online marketplace

David’s Bridal has tapped a new CEO to lead the company as it looks to transform from a legacy retailer into a bridal media powerhouse nearly two years after emerging from its second bankruptcy.  Kelly Cook, the current president of brand, technology and finance, will take over as David’s CEO on April 1 and will […]

Goodyear Tire transformation plan is moving company into the future

A Goodyear blimp flies  Goodyear  AKRON, Ohio — Does the Goodyear blimp sell tires? That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan for the quintessential American company. For a […]

Kenvue settles proxy fight with activist Starboard, adding three directors

Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard’s Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an e-commerce performance analytics platform, and Erica Mann, former head of pharmaceutical company Bayer’s consumer health division. “Sarah’s brand […]

Walgreens to go private in $10 billion deal with Sycamore Partners

The Walgreens logo is displayed at a Walgreens store on October 15, 2024 in San Rafael, California.  Justin Sullivan | Getty Images Struggling drugstore chain Walgreens is going private.  The company on Thursday said it inked a deal with private equity firm Sycamore Partners that will take it off the public market for an equity […]

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