Recently, Boeing, the U.S. aerospace giant, made the decision to plead guilty to criminal fraud related to the fatal 737 Max crashes. This choice has labeled Boeing as a felon, but it has allowed the company to avoid a trial while it attempts to move past the safety and manufacturing crises. The plea deal includes
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The U.S. airline industry is currently facing a challenging situation where the record summer air travel demand is not translating into record profits for carriers. Despite some airlines forecasting record demand and revenue, higher labor and other costs have been eating into their bottom lines. This disconnect between demand and profitability is a significant concern
The semiconductor industry is facing a daunting challenge in the current labor market. With the competition for talent heating up and the dispersal of funding from the CHIPS and Science Act, which aims to boost domestic production, the industry is struggling to meet its workforce needs. Projections show a potential shortage of up to one
Private equity firms have been making significant strides in the world of women’s soccer ownership, with the National Women’s Soccer League (NWS) leading the way. Unlike other major U.S. sports leagues, the NWSL has allowed private equity investors to take majority control of team economics. This shift marks a new era in women’s sports, where
Ford reported a 1% increase in sales during the second quarter, with truck sales leading the way with a 5% gain. This growth in truck sales, which includes pickups and vans, resulted in a total of 308,920 vehicles sold, representing the best second-quarter performance for this category since 2019. Specifically, sales of the F-Series reached
When faced with delays, passengers often feel frustrated and helpless. United Airlines is taking steps to address this issue by offering more transparency during flight disruptions. By utilizing generative artificial intelligence, the airline has started sending live radar maps to passengers, allowing them to visualize the weather conditions causing delays. This proactive approach not only
General Motors recently announced their best quarterly sales in over three years, showcasing impressive growth in sales of full-size pickup trucks and all-electric vehicles. The Detroit automaker reported sales of 696,086 units for the second quarter, marking a 0.6% increase from the previous year and the highest quarterly sales since the fourth quarter of 2020.
The landscape of Manhattan real estate is undergoing a significant transformation, with apartment prices falling and inventory rising in the second quarter of 2024. Reports from Douglas Elliman and Miller Samuel indicate that the average real estate sales price in Manhattan has decreased by 3% to slightly over $2 million. Additionally, the median price has
Boeing made headlines on Monday with the announcement of its plan to buy back Spirit AeroSystems in an all-stock deal. The planemaker claims that this acquisition will lead to improvements in safety and quality control. The deal involves Boeing paying $37.25 a share in Boeing stock for Spirit, resulting in an equity value of $4.7
In a climate where the movie industry is struggling to attract audiences and release new content, Fathom Events has managed to surpass all expectations by breaking revenue records. For two decades, this collaboration between AMC, Regal, and Cinemark has been at the forefront of bringing alternative content to the big screen. From classic Hollywood films