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Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Read full article: Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loomSpirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
Stock market today: World shares are mixed after Wall Street suffers worst loss since Election Day
Read full article: Stock market today: World shares are mixed after Wall Street suffers worst loss since Election DayShares are mixed in Europe and Asia after U.S. stocks fell to their worst loss since Election Day.
More logging is proposed to help curb wildfires in the US Pacific Northwest
Read full article: More logging is proposed to help curb wildfires in the US Pacific NorthwestU.S. officials are proposing increased logging on federal lands across the Pacific Northwest under changes to a sweeping forest management plan that’s been in place for three decades.
Union workers picket for 3rd day at Las Vegas casino with no talks slated
Read full article: Union workers picket for 3rd day at Las Vegas casino with no talks slatedPicketing is continuing outside a hotel-casino near the Las Vegas Strip with no talks scheduled between management and union members.
Will the antitrust showdown launched under Biden turn into 'Let's Make A Deal' under Trump?
Read full article: Will the antitrust showdown launched under Biden turn into 'Let's Make A Deal' under Trump?The U.S. antitrust watchdogs that pounced on Big Tech and deterred dealmaking throughout corporate America during President Joe Biden’s administration may be tamer and kept on a shorter leash by President-elect Donald Trump after he returns to the White House next year.
'Inside the NBA' will air on ESPN and ABC as part of settlement between WBD and NBA, AP sources say
Read full article: 'Inside the NBA' will air on ESPN and ABC as part of settlement between WBD and NBA, AP sources say“Inside the NBA” will appear on ESPN and ABC beginning next season as part of a settlement between Warner Bros.
Boeing issues layoff notices to 400-plus workers as it begins drastic cuts
Read full article: Boeing issues layoff notices to 400-plus workers as it begins drastic cutsBoeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union.
Asia-Pacific summit closes in Peru with China’s Xi front and center as Trump whiplash looms
Read full article: Asia-Pacific summit closes in Peru with China’s Xi front and center as Trump whiplash loomsThe Asia-Pacific Economic Cooperation forum has wrapped up with a spirit of detente that many fear the annual summit may not see again for four years.
Strike by workers at a casino near the Las Vegas Strip enters 2nd day
Read full article: Strike by workers at a casino near the Las Vegas Strip enters 2nd dayA walkout by hundreds of hospitality workers at a casino near the Las Vegas Strip entered its second day with union members willing to undergo the financial hardships of being out of work as they wait for a new contract.
Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says
Read full article: Russia's Gazprom stops the flow of natural gas to Austria, OMV utility saysAustrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award.
What is Bluesky, the fast-growing social platform welcoming fleeing X users?
Read full article: What is Bluesky, the fast-growing social platform welcoming fleeing X users?Disgruntled X users are once again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022.
Judge blocks Biden administration's rule to expand overtime pay for millions
Read full article: Judge blocks Biden administration's rule to expand overtime pay for millionsA federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand federal overtime eligibility for salaried workers.
President of Kentucky plant that exploded says it is 'accountable' for neighborhood damages
Read full article: President of Kentucky plant that exploded says it is 'accountable' for neighborhood damagesThe president of a Kentucky plant that exploded earlier this week says the company is accountable and will pay damages to neighbors affected by the blast.
MLBPA, FanDuel settle lawsuit over alleged improper use of name, image and likeness
Read full article: MLBPA, FanDuel settle lawsuit over alleged improper use of name, image and likenessA commercial affiliate of the Major League Baseball Players Association has settled a lawsuit with FanDuel over the alleged unauthorized use of the names and images of MLB players on its sports-betting platform.
New York judge rejects state efforts to shutter bitcoin mine over climate concerns
Read full article: New York judge rejects state efforts to shutter bitcoin mine over climate concernsA New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions.
Ben & Jerry's lawsuit accuses parent company of censorship over Gaza
Read full article: Ben & Jerry's lawsuit accuses parent company of censorship over GazaBen & Jerry’s has sued its parent company Unilever accusing it of silencing the ice cream maker from making statements in support of Palestinians in the war in Gaza.
South African government seeks experts' help to bring illegal miners to the surface
Read full article: South African government seeks experts' help to bring illegal miners to the surfaceThe South African government says it has put together a team including mine rescue experts to come up with a plan to bring to surface illegal miners who remain under a disused gold mine.
Company announces nearly $712 million project in Kentucky to make batteries used to store energy
Read full article: Company announces nearly $712 million project in Kentucky to make batteries used to store energyA battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy.
Austria says Russia's Gazprom will cut off natural gas supply this weekend
Read full article: Austria says Russia's Gazprom will cut off natural gas supply this weekendAustria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV.
Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt
Read full article: Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debtMexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”.
General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
Read full article: General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Retail sales up solidly in October as Americans showed continued willingness to spend
Read full article: Retail sales up solidly in October as Americans showed continued willingness to spendAmericans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth.
U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission
Read full article: U.S. protectionism could undermine modest growth forecast for eurozone, says EU CommissionThe economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday.
Workers at Canada's national postal service go on strike Friday, disrupting deliveries
Read full article: Workers at Canada's national postal service go on strike Friday, disrupting deliveriesWorkers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post.
A Croatian corruption investigation snares the health minister and several others
Read full article: A Croatian corruption investigation snares the health minister and several othersCroatia’s health minister and several others were detained on Friday on suspicion of corruption as part of an investigation launched by the European prosecutor’s office.
UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
Read full article: UK Treasury chief says she's not satisfied by paltry third-quarter economic growthThe British economy’s rebound from recession slowed down sharply in the third quarter of the year with most sectors stagnating.
As airlines avoid Israel, UAE's FlyDubai and Etihad keep up flights for both diplomacy and dollars
Read full article: As airlines avoid Israel, UAE's FlyDubai and Etihad keep up flights for both diplomacy and dollarsSince the Mideast wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world.
Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
Read full article: Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sinkU.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading.
Japan's economy grows for a second straight quarter on the back of consumer spending
Read full article: Japan's economy grows for a second straight quarter on the back of consumer spendingJapan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up.
Norfolk Southern makes deal with investors to prevent another fight for control of the railroad
Read full article: Norfolk Southern makes deal with investors to prevent another fight for control of the railroadNorfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad.
Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservation
Read full article: Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservationThe Wisconsin Department of Natural Resources has issued the first round of permits allowing Enbridge to reroute an aging pipeline around a tribal reservation.
Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
Read full article: Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prisonA computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Read full article: Powell says Fed will likely cut rates cautiously given persistent inflation pressuresChair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
What happens next in The Onion's effort to buy Alex Jones' Infowars
Read full article: What happens next in The Onion's effort to buy Alex Jones' InfowarsThe Onion’s winning bid for Alex Jones’ Infowars platform is under review by a federal bankruptcy judge after Jones and his lawyers raised concerns about how an auction was conducted.
Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant
Read full article: Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plantOne of the nation’s largest meat processors has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota.
Homeland Security Department releases framework for using AI in critical infrastructure
Read full article: Homeland Security Department releases framework for using AI in critical infrastructureThe Biden administration has released guidelines for using artificial intelligence in the power grid, water system, air travel network and other pieces of critical infrastructure.
The state that cleared the way for sports gambling now may ban 'prop' bets on college athletes
Read full article: The state that cleared the way for sports gambling now may ban 'prop' bets on college athletesThe state that gave much of America the right to offer legal sports betting may decide that certain bets on college athletes are out of bounds.
Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees' spring training field in Tampa
Read full article: Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees' spring training field in TampaThe Tampa Bay Rays will play their 2025 home games at the New York Yankees’ nearby spring training ballpark amid uncertainty about the future of hurricane-damaged Tropicana Field.
Ford agrees to pay up to $165 million penalty to US government for moving too slowly on a recall
Read full article: Ford agrees to pay up to $165 million penalty to US government for moving too slowly on a recallFord Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information.
Roger Penske adds Long Beach street race to portfolio as he holds off F1 and NASCAR interest
Read full article: Roger Penske adds Long Beach street race to portfolio as he holds off F1 and NASCAR interestRoger Penske has added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach.
Food prices worried most voters, but Trump's plans likely won't lower their grocery bills
Read full article: Food prices worried most voters, but Trump's plans likely won't lower their grocery billsAmericans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills.
Veteran NBC host Craig Melvin tapped to replace Hoda Kotb for the first hours of 'Today' show
Read full article: Veteran NBC host Craig Melvin tapped to replace Hoda Kotb for the first hours of 'Today' showVeteran NBC host and news anchor Craig Melvin has been tapped to replace Hoda Kotb as co-host of the 7 a_m_ to 9 a_m_ hours of “Today.”.
A criticized Airbnb deal will let users play gladiator in Rome's Colosseum
Read full article: A criticized Airbnb deal will let users play gladiator in Rome's ColosseumThe ancient Roman Colosseum will be the venue of gladiator fights for the first time in two millennia under a $1.5 million sponsorship deal with Airbnb.
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
Read full article: Maker of Coach handbags calls off merger with company that produces Michael Kors accessoriesFashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame.
Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backing
Read full article: Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backingA federal bankruptcy judge in Texas has ordered a hearing into how the satirical news publication The Onion won the bidding for conspiracy theorist Alex Jones’ Infowars, after Jones and his lawyers raised questions about how a bankruptcy auction was conducted.
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
Read full article: EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practicesEuropean Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Read full article: US wholesale inflation picks up slightly in sign that some price pressures remain elevatedWholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure.
The number of Americans filing for jobless claims falls to lowest level in 6 months
Read full article: The number of Americans filing for jobless claims falls to lowest level in 6 monthsThe number of Americans applying for unemployment benefits fell to the lowest level in six months last week as layoffs remain at relatively healthy levels.
AI could help scale humanitarian responses. But it could also have big downsides
Read full article: AI could help scale humanitarian responses. But it could also have big downsidesThe refugee organization, the International Rescue Committee, is testing some artificial intelligence tools to try to increase the number of displaced people they can reach with critical information.
Men earn more than women in egalitarian Norway, report finds. But it's on par with Europe
Read full article: Men earn more than women in egalitarian Norway, report finds. But it's on par with EuropeA Norwegian government report says that men earn an average of 13% more than women in egalitarian Norway.
UK plans to create pension megafunds with aim of unlocking $100 billion for investment
Read full article: UK plans to create pension megafunds with aim of unlocking $100 billion for investmentBritish Treasury chief Rachel Reeves says the government plans to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth.
South Africa's government won't help the illegal miners inside a closed mine
Read full article: South Africa's government won't help the illegal miners inside a closed mineSouth Africa’s government will not help the illegal miners inside a closed mine as part of an official policy against illegal mining.
Food aid interventions can curb climate change-induced hardship. But should they do more?
Read full article: Food aid interventions can curb climate change-induced hardship. But should they do more?The United States foreign food aid program can be a big help when extreme weather fueled by climate change hammers communities.
Flurry of contract deals come as railroads, unions see Trump's election looming over talks
Read full article: Flurry of contract deals come as railroads, unions see Trump's election looming over talksThe flurry of contract agreements announced early this fall — including two more Wednesday — offer evidence that major railroads and their unions are working to avoid the standoffs that led them to a brink of a national strike two years ago.
A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
Read full article: A $1 billion proposal is the latest plan to refurbish and save the iconic Houston AstrodomeThe Houston Astrodome has been in limbo, waiting for its chance at a second life since being shuttered more than 15 years ago.
Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
Read full article: Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk roleChoosing billionaire Elon Musk to be what President-elect Donald Trump calls “our cost cutter” for the U.S. government, is not the first time an American president has empowered a business tycoon to look for ways to dramatically cut federal regulations.
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
Read full article: NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlordsTenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers.
Amazon launches an online discount storefront to better compete with Shein and Temu
Read full article: Amazon launches an online discount storefront to better compete with Shein and TemuAmazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20.
Supreme Court seems likely to allow class action to proceed against tech company Nvidia
Read full article: Supreme Court seems likely to allow class action to proceed against tech company NvidiaThe Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Read full article: Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat upSpirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt.
Danish palace scraps system dating to the 1800s that grants royal labels for products
Read full article: Danish palace scraps system dating to the 1800s that grants royal labels for productsDenmark’s royal court says it will phase out a labeling system dating to the 1800s that grants companies the right to use the image of the Danish crown on their letterhead, packaging and labels.
The global luxury goods market is forecast to shrink in 2025. Trump's tariffs could make it worse
Read full article: The global luxury goods market is forecast to shrink in 2025. Trump's tariffs could make it worseGlobal sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic.
Neighbors of Kentucky factory describe years of odors before explosion that killed 2, injured 11
Read full article: Neighbors of Kentucky factory describe years of odors before explosion that killed 2, injured 11Neighbors of a factory in Louisville, Kentucky, where two workers were killed in an explosion say they complained for years about odors coming from the plant.
Indonesia's volcanic eruption grounds international flights on tourist island of Bali
Read full article: Indonesia's volcanic eruption grounds international flights on tourist island of BaliSeveral international airlines have canceled flights to and from Indonesia’s tourist island of Bali because of an ongoing volcanic eruption.
In Africa, meager expectations and some hopes for a second Trump presidency
Read full article: In Africa, meager expectations and some hopes for a second Trump presidencyAfrican leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships.
Stock market today: Wall Street drifts to a mixed finish after an inflation update
Read full article: Stock market today: Wall Street drifts to a mixed finish after an inflation updateU.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Chinese hackers target Tibetan websites in malware attack, cybersecurity group says
Read full article: Chinese hackers target Tibetan websites in malware attack, cybersecurity group saysA hacking group that is believed to be Chinese state-sponsored has compromised two websites with ties to the Tibetan community in an attack meant to install malware on users’ computers.
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
Read full article: Trump's economic agenda for his second term is clouding the outlook for mortgage ratesDonald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
Read full article: Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next monthThe nation’s largest owner of regional sports networks will offer single-game pricing for NBA and NHL games beginning next month.
US inflation rose slightly last month after 2 years of steady cooling but remained low
Read full article: US inflation rose slightly last month after 2 years of steady cooling but remained lowInflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
Explosion at Kentucky business injures 11 workers, shatters windows in surrounding neighborhood
Read full article: Explosion at Kentucky business injures 11 workers, shatters windows in surrounding neighborhoodAt least 11 employees have been taken to hospitals after an explosion at a Louisville, Kentucky, plant caused a partial collapse of the building and blew out windows in nearby homes and businesses.
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
Read full article: Argentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsArgentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei.
Gold is suddenly not so glittery after Trump's White House victory
Read full article: Gold is suddenly not so glittery after Trump's White House victoryAfter ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump’s victory in the presidential election.
Jury awards Abu Ghraib detainees $42 million, holds contractor responsible
Read full article: Jury awards Abu Ghraib detainees $42 million, holds contractor responsibleA U.S. jury has awarded $42 million to three former detainees of Iraq’s notorious Abu Ghraib prison, holding a Virginia-based military contractor responsible for contributing to their torture and mistreatment two decades ago.