Bill Ford calls on union to make a deal
Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images DEARBORN, Mich. – […]
Bitcoin price briefly rallies 10% on false spot ETF report
The price of bitcoin on Monday rallied following a false report on social media that the Securities and Exchange Commission approved an application for a spot bitcoin exchange-traded fund. Bitcoin BTCUSD, +3.46% prices briefly touched $29,900, a more than 10% increase, before giving up most of those gains, according to FactSet. Bitcoin prices remain up […]
UAW launches key strike against Ford’s Kentucky truck plant
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images DETROIT — The United Auto Workers union launched an unexpected strike against Ford Motor at the […]
Assisted living may not be what you think: 5 crucial facts to know
If you or a loved one can no longer live safely at home, assisted living may be the answer. Residents typically live in their own rooms or apartments and get housekeeping services, meals and help with personal care. But facilities can vary enormously, and people’s expectations about assisted living often clash with reality, elder care experts say. […]
Delta Air Lines (DAL) Q3 2023 earnings
Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices. In its quarterly report Thursday, Delta said it expects adjusted, full-year earnings […]
Delta Air Lines (DAL) Q3 2023 earnings
Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices. In its quarterly report Thursday, Delta said it expects adjusted, full-year earnings […]
Debt-ridden Rite Aid files for bankruptcy, will close more stores
Drugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits. In a statement Sunday night, Rite Aid RAD, -16.81% said it will close some “underperforming” stores and announced Jeffrey Stein as its new chief executive and chief restructuring officer. Interim CEO Elizabeth Burr will […]
AMC CEO Adam Aron discloses online blackmail attempt last year
Adam Aron, chairman and CEO of AMC Entertainment, listens during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 18, 2021. Patrick T. Fallon | AFP | Getty Images AMC CEO Adam Aron confirmed Thursday he was the victim of a blackmail attempt by a New York woman last year. The case had […]
SAG-AFTRA strike continues as talks break down
Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Timothy A. Clary | AFP | Getty Images Forget about a Hollywood ending for actors and studios — for now. After just under two weeks, […]
Activist investor Starboard reportedly seeks changes at News Corp
Activist investor Starboard Value has built a stake in Rupert Murdoch’s News Corp, and intends to push for changes at the parent company of MarketWatch and the Wall Street Journal, according to a report Sunday night. The Wall Street Journal reported that Starboard believes the media giant is undervalued and will seek strategic and governance […]
