Opinion: Citi missed executive’s elder fraud for 9 years. What else could we be missing?
You may think that if your mom’s money is being handled by a financial advisor at a world-famous, blue-chip bank, she would at least be safe from outright fraud, right? Think again. The most astonishing thing about the case of former Citibank C, -0.46% vice president Helen Caldwell, who has just pled guilty to fraud, […]
Spirit Airlines (SAVE) Q4 2023 earnings
Spirit Airlines‘ CEO said Thursday the domestic market is improving and defended the budget airline’s ability to generate cash even without an acquisition by JetBlue Airways, which a federal judge blocked earlier this year. Spirit expects to lose money in the first quarter, however, and said it projects revenue of between $1.25 billion and $1.28 […]
The great chicken-wings debate: Are they an appetizer or an entree?
The ever-popular chicken wing — also America’s go-to dish on Super Bowl Sunday — is apparently having an identity crisis. The classic finger food has long been a restaurant staple, often featured on the appetizer side of menus. But over the years, it has increasingly morphed into a main dish. Think of the many wing-centric […]
Delta to open new tier of premium airport lounges this year
Delta’s new Sky Club airport lounge at New York’s John F. Kennedy International Airport. Leslie Josephs/CNBC Delta Air Lines‘ popular airport lounges are getting a more exclusive tier, in the airline’s latest push to cater to high-spending travelers. The first “premium” lounge is scheduled to open in June at New York’s John F. Kennedy International […]
Hawaiian Airlines debuts SpaceX Starlink free inflight Wi-Fi
A Hawaiian Airlines A321 aircraft with Starlink WiFi installed. Hawaiian Airlines Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX’s Starlink on board commercial flights this week, the companies told CNBC, the first major U.S. airline to offer the satellite-based service. “SpaceX has really cracked the code – literally, in terms of the technology – […]
Getaround will lay off 30% of its workforce to further reduce costs
Car-sharing company Getaround Inc. will lay off roughly one-third of its workforce in an effort to further reduce costs. In a blog post Wednesday, the San Francisco-based company said it needs to focus on profitability, and “keeping the long-term success of the business in mind.” The job cuts, which will affect about 30% of its […]
Wall Street misunderstands new sports joint venture
EW Scripps CEO Adam Symson Source: EW Scripps Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall. Sinclair dropped 12% Wednesday, TEGNA fell 7.2% and Scripps plummeted 24% as […]
Drugmakers under fire on Capitol Hill seek to turn up heat on market middlemen
Drugmakers grilled on the cost of prescription drugs on Capitol Hill Thursday sought to deflect the criticism onto drug-market middlemen who they said are pushing list prices for medications higher. The chief executives of Johnson & Johnson JNJ, -1.05%, Merck & Co. MRK, -0.82% and Bristol Myers Squibb Co. BMY, -0.02% were faced with sharp […]
Kia Carnival hybrid minivan coming this summer
CHICAGO – Kia Motors is adding a hybrid model to its Carnival minivan to meet increasing consumer demand for the technology and assist in meeting tightening federal fuel economy standards. Hybrids are a growing option for automakers as they strive to make vehicles more efficient and avoid costly federal fuel economy and emissions standards. They’re […]
Merck, J&J, Bristol Myers Squibb CEOs face Senate drug price hearing
Sen. Bernie Sanders, left, appears at a news conference with Sen. Ed Markey on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices, in the Capitol, Jan. 25, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images Senators are questioning the CEOs of Johnson & Johnson, Merck and Bristol Myers Squibb on […]
