Alaska Airlines has successfully navigated the U.S. Justice Department’s regulatory investigation process regarding its acquisition of Hawaiian Airlines. The period for antitrust regulators to review the $1.9 billion agreement between the two carriers has ended without any legal obstacles hindering the deal from moving forward. Despite clearing the U.S. Justice Department phase, Alaska Airlines and
Business
California Gov. Gavin Newsom recently signed 10 new bills into law aimed at combating retail crime in the state. These new laws target shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. The retail industry has been lobbying for stronger action against retail theft, citing its negative impact on
Starbucks is facing a significant challenge with its mobile ordering system, which has resulted in frustrations among customers, overwhelmed baristas, and declining sales. The incoming CEO, Brian Niccol, will have his work cut out for him when he takes over the role in September. The issue of operational inefficiencies, driven by the influx of mobile
SpaceX is gearing up to launch the next private mission, Polaris Dawn, which is part of billionaire Jared Isaacman’s human spaceflight program, the Polaris Program. The mission is scheduled to take off on August 26 from Florida, marking the first of three flights purchased by Isaacman from SpaceX. This ambitious mission will involve astronauts stepping
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has proven to be a game-changer in the entertainment industry. Breaking records and surpassing the previously highest-grossing R-rated title, “Joker,” the Disney and Marvel film has garnered an impressive $1.085 billion globally. This success not only demonstrates the Marvel Cinematic Universe’s
In a recent statement, Walmart’s CEO, Doug McMillon, mentioned that prices of groceries and other items have decreased at their stores. However, he pointed out that inflation has been more persistent in the aisles containing processed foods and dry groceries, such as carbonated soft drinks. Despite Walmart pressuring suppliers to reduce costs, some are still
Starbucks recently announced their decision to bring in Brian Niccol as the new CEO and Chair, offering him a substantial pay increase and one-time awards to entice him to leave his previous position at Chipotle Mexican Grill. Niccol’s main responsibilities include boosting sales, enhancing customer experience, and addressing challenges in the company’s China division. The
Home Depot, like many other businesses, is keeping a close eye on the Federal Reserve’s decisions when it comes to interest rates. Chief Financial Officer Richard McPhail highlighted how higher interest rates have caused homeowners to postpone moving into new houses or starting major projects that require financing. This waiting game has been further fueled
Blink Fitness, a well-known budget-friendly gym chain owned by the luxury fitness company Equinox Group, recently made headlines by filing for Chapter 11 bankruptcy protection. This move comes in the wake of the COVID-19 pandemic, which has caused several fitness chains to struggle financially. Blink Fitness has over 100 centers across the United States, but
Restaurant CEOs are currently fixated on the concept of “value” as they address investors about the decline in sales and share their strategies for increasing traffic. The term “value” has been repeated numerous times in recent conference calls by industry leaders, such as McDonald’s, Yum Brands, Papa John’s, and Burger King. This emphasis is a