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JetBlue cuts more unprofitable routes, tweaks Europe flights

JetBlue cuts more unprofitable routes, tweaks Europe flights

Business News

Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands.  Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying […]

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Shares of American Eagle plunge 13% as company issues weak holiday guidance

Shares of American Eagle plunge 13% as company issues weak holiday guidance

Business News

A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.  Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend during key shopping moments.  The apparel retailer narrowly missed Wall

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ESPN hopes to reach more casual sports fans with Disney+ integration

ESPN hopes to reach more casual sports fans with Disney+ integration

Business News

SportsCenter at ESPN Headquarters. The Washington Post | The Washington Post | Getty Images ESPN is coming to Disney+. Now, the sports network wants to make sure Disney+ users come to ESPN. Walt Disney debuted a dedicated ESPN tile Wednesday on Disney+ for people who subscribe to ESPN+, its sports streaming platform, to watch programming

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Foot Locker shares tumble 15% as it issues gloomy holiday outlook amid soft demand

Foot Locker shares tumble 15% as it issues gloomy holiday outlook amid soft demand

Business News

Foot Locker store location on 34th street in New York City. Courtesy: Foot Locker Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike. The sneaker giant fell short of Wall Street’s expectations on the top and

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GM expects more than billion impact from China restructuring, including plant closures

GM expects more than $5 billion impact from China restructuring, including plant closures

Business News

Employees work on Buick Envision SUVs at General Motors’ Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China. Tang Ke | Visual China Group | Getty Images DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC

GM expects more than $5 billion impact from China restructuring, including plant closures Read More »

Airline executives set to defend seat fees before Senate panel

Airline executives set to defend seat fees before Senate panel

Business News

Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft. Brent Lewin | Bloomberg | Getty Images U.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging “junk” fees to bring in billions in revenue. American, Delta, United, Spirit and Frontier brought in

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Dollar stores are struggling to win over bargain hunters — here’s why

Dollar stores are struggling to win over bargain hunters — here’s why

Business News

As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have

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Banks hit credit card users with higher rates in response to regulation that may never arrive

Banks hit credit card users with higher rates in response to regulation that may never arrive

Business News

A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City.  Robert Nickelsberg | Getty Images Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most

Banks hit credit card users with higher rates in response to regulation that may never arrive Read More »

GM to sell stake in battery cell plant to joint venture partner for roughly billion

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

Business News

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion Read More »

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